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Jim Cramer Many people do not even have their orders filled..$FB a giant fiasco and a hidden one..
Jim Cramer Twitter ^ | May 19, 2012 | Jim Cramer

Posted on 05/19/2012 8:03:59 PM PDT by SMGFan

Jim Cramer Tweeting and requesting tweets about possible problem with NASDAQ Facebbok

(Excerpt) Read more at twitter.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: facebook; facebookipo; jimcramer; markzuckerberg; stockmarket
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To: Jack Hydrazine
I heard from one of the stock trading talking heads that a number of investors were shorting the stock on the day of the IPO. I think if I was to put money into its stock I would short it myself.

Not likely, but the shorting will commence this week, I guarantee it.

On the first day of trading, there is no stock available for loan in order to take a short position, as the trades have not yet been settled to establish the holder of record. FB is truly a dog with fleas from a potential earnings perspective. I anticipate it trading in the $10 range in short order, but $2 - $4 is what it is really worth.

51 posted on 05/20/2012 4:38:33 AM PDT by RobertClark (Be prepared, be polite, be professional and have a plan to kill everyone you meet.)
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To: Jonty30

The intelligent investor would have never bought this crap in the first place!


52 posted on 05/20/2012 5:00:04 AM PDT by Circle_Hook
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To: SMGFan

So does that mean those who bought stock aren’t getting it?


53 posted on 05/20/2012 6:20:43 AM PDT by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: null and void
A huge FB IPO was supposed to convince us that the whole economy is recovering.

Couldn't figure out if it was a ploy to try to boost the market and instill "confidence" or just incredibly bad timing for them to go public.

54 posted on 05/20/2012 6:58:31 AM PDT by trebb ("If a man will not work, he should not eat" From 2 Thes 3)
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To: RC51
Buying FB stock right now is a bet that what they morph into is going to be successful.

And they will, because all the young, smart people want to work there rather than, say, General Motors. What they do today is almost irrelevant, other than that they have 900 million people already favorably disposed toward their brand. The IPO price reflects what they are about to morph into.

55 posted on 05/20/2012 9:27:22 AM PDT by Mr. Jeeves (CTRL-GALT-DELETE)
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To: RobertClark; jiggyboy; Jack Hydrazine
I heard from one of the stock trading talking heads that a number of investors were shorting the stock on the day of the IPO. I think if I was to put money into its stock I would short it myself.

Not likely, but the shorting will commence this week, I guarantee it.


Looks like it's coming out that the lead underwriter Morgan Stanley was selling short heavily above the IPO price (which apparently could be legit under SEC rules for IPOs) and will be able to cover some or all of those shorts by purchasing according to an overallotment (again, apparently legit) at the IPO price of $38 if the price goes higher. If it goes lower, of course, they can buy at market and close out the short sales profitably.

Pretty smelly stock if the lead underwriter is shorting it.

I guess it would be fine if they can keep buying to prop up the price for a few months, but IMHO, it does not quite look that they can.

This is one to avoid, IMHO, and simply stock up on popcorn.
56 posted on 05/20/2012 9:56:18 AM PDT by PieterCasparzen (We have to fix things ourselves.)
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To: PieterCasparzen

Correct you are! I’m going long Jiffy Pop, it’ll be worth it!


57 posted on 05/20/2012 11:08:57 AM PDT by RobertClark (Be prepared, be polite, be professional and have a plan to kill everyone you meet.)
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To: HiTech RedNeck

Let me join Knuckle-Dragging Conservatives!


58 posted on 05/20/2012 11:15:35 AM PDT by Lazamataz (The so-called 'mainstream' media has gone from "biased" straight to "utterly surreal".)
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To: Lazamataz

Dunno if the hyphen makes a difference. I left it out.


59 posted on 05/20/2012 11:16:42 AM PDT by HiTech RedNeck (Mitt! You're going to have to try harder than that to be "severely conservative" my friend.)
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To: Jemian
Our order was not filled and apparently cancelled by the broker (hubby said that it was the right procedure). So, we will refigure what to do.

As with the "Holy Grail" knights - "RUN AWAY1"

Actually, you received a sign that God loves you. :-)

60 posted on 05/20/2012 11:22:47 AM PDT by Oatka (This is America. Assimilate or evaporate.)
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To: HiTech RedNeck

Whats ur FB name... freepmail it....


61 posted on 05/20/2012 11:26:03 AM PDT by Lazamataz (The so-called 'mainstream' media has gone from "biased" straight to "utterly surreal".)
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To: Lazamataz

It’s an IRL name, so when I can see yours I’ll show you mine.


62 posted on 05/20/2012 11:28:36 AM PDT by HiTech RedNeck (Mitt! You're going to have to try harder than that to be "severely conservative" my friend.)
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To: Lazamataz

All you should need to do I think is edit your profile in Facebook and under Politics, enter “Knuckle Dragging Conservative” (without the quotes of course) in the blank and make it visible to the world (not just friends). Then commit the edit. Now, under your profile, “Knuckle Dragging Conservative” will show up as a neat blue link. Click that link and you will see the spiffy group that you have just joined... probably with nobody else in it that you can see yet. Let me know and I’ll open mine to the world too, at least for a short time (I am looking for a professional job and don’t necessarily want prospective employers to see that, lol).


63 posted on 05/20/2012 11:32:39 AM PDT by HiTech RedNeck (Mitt! You're going to have to try harder than that to be "severely conservative" my friend.)
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To: apoliticalone
FB eventually wants to catalog every detail of your life and psyche that eventually will marketeers an ability to analyze your mind and mood.

I think it was Yahoo who told me, when I clicked "No" on their "Advertising? Yes/No" window that if said "Yes" I would get ads oriented towards my interests; if I said "No", I would still get ads, although they would just be of a "one size fits all" variety. ("You VILL get ads, Ja?")

64 posted on 05/20/2012 11:37:19 AM PDT by Oatka (This is America. Assimilate or evaporate.)
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To: HiTech RedNeck

Sent you my IRL name. Don’t share it. Also created a group, Knuckle Dragging Conservatives.


65 posted on 05/20/2012 11:46:07 AM PDT by Lazamataz (The so-called 'mainstream' media has gone from "biased" straight to "utterly surreal".)
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To: Lazamataz

You mean your real name isn’t Laz A. Mataz?


66 posted on 05/20/2012 11:48:24 AM PDT by dfwgator
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To: dfwgator
No, my real name is Dick Cheney. Yes, THAT Dick Cheney. Please do not share this with anyone.

This is Freepmail, right? Not sure which button I pressed. Ever since all the heart problems I'm a little forgetful.

67 posted on 05/20/2012 11:52:57 AM PDT by Lazamataz (The so-called 'mainstream' media has gone from "biased" straight to "utterly surreal".)
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To: Noumenon
Facebook’s real problem lies with its architecture. Far too many instances of MySQL Far too many.

This has been discussed before. They are pushing SQL technology to its limits. They should take some of this capital and invest in an entirely new DB, on tailored for FB.

68 posted on 05/20/2012 1:26:38 PM PDT by Paradox (I want Obama defeated. Period.)
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To: DonaldC
I barely notice them and would not think of clicking on one.

There are two ways to make money on ads --clicks and impressions.

Even though you rarely notice and don't click on the ads, the fact that they are being displayed on a page you're viewing means that FB is making money off of your presence on their site.

69 posted on 05/20/2012 2:29:13 PM PDT by Ol' Dan Tucker (People should not be afraid of the government. Government should be afraid of the people)
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To: Paradox
They should take some of this capital and invest in an entirely new DB, on tailored for FB.

They have the funds to make that happen, but the will or the courage to do so? That's another story.

70 posted on 05/20/2012 2:35:59 PM PDT by Noumenon (If people saw socialists for what they truly are, slaughter would ensue - in self-defense.)
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To: PieterCasparzen
To test it, simply wait a day or two after you enter a post on FR.

I've seen FR postings show up on Google within an hour or two of the original post.

71 posted on 05/20/2012 3:52:28 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: rovenstinez

The IPO was supposed to let movers and shakers in the intial offerings, let it get bid up by the suckers while the shaker buddies sell out and make a mint quickly. I guess it didnt work that way.

Some people say that FB is of enormous interest to the DOD and other sources for its info gathering purposes.


72 posted on 05/20/2012 4:01:45 PM PDT by Chickensoup (STOP The Great O-ppression)
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To: HiTech RedNeck

nz is probably a bad example because folks there may actually have some money to spend, and things like post offices to deliver things they buy, etc.

I would say users in 3rd world areas are the ones that are worth a big zero. western europe, north america, australia/nz is where I would think the real potential revenue is. don’t know about fb and asia.


73 posted on 05/20/2012 6:53:31 PM PDT by WoofDog123
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To: The Working Man

the market, on a daily basis, is now computer vs computer. it is a totally different animal than when I started trading in the mid-90s. at that time it was still a human-reaction-speed market. now, as a trader, the single biggest threat to me is not other traders but computers doing things intentionally to make me stop out, etc.


74 posted on 05/20/2012 6:57:34 PM PDT by WoofDog123
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To: jiggyboy

MSCO would only have been expected to buy a set amount of facebook before letting it crack 38 (who knows how much, an awful lot obviously).

The things I thought of here are 1) this was a HUGE offering, hundreds of millions of shares and 2) more retail got allocations than any IPO I Have ever heard of, which is in itself a contrarian indicator.


75 posted on 05/20/2012 7:01:24 PM PDT by WoofDog123
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To: Lazamataz

Laz, Laz, Laz, we all love you just the way you are. Don’t ever change.


76 posted on 05/20/2012 11:56:07 PM PDT by HiTech RedNeck (Mitt! You're going to have to try harder than that to be "severely conservative" my friend.)
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To: Lazamataz

Lolzville!!!


77 posted on 05/21/2012 12:00:00 AM PDT by HiTech RedNeck (Mitt! You're going to have to try harder than that to be "severely conservative" my friend.)
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To: Mr. Jeeves

fyi - my 15 year-old daughter and all of her friends have completely abandoned FB. They’re all over Twitter now (”it’s more fun”). Next year it will probably be something else. Dump FB - it’s going down fast (MySpace?). FB waited way too long to IPO - tech changes too fast these days.

FB’s best bet is to start charging users to see who’s been stalking them (a la LinkedIn). They would raise a ton of cash. Of course, it would spell the beginning of the end, but that’s happening anyway.


78 posted on 05/21/2012 6:29:15 AM PDT by privatedrive
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