I started shorting once it hit $40 last friday, I will be doing it until they lock me out, which I think they'll very soon, I will start deliverying the stocks on Thurday, my plan is to cover all my short positions before 1pm on thurday and go long on the same stock thurday afternoon because alot of shortsellers will be deliverying the stock around that time so there will be a small rally in the afternoon of thurday as more people buy the stock and cover their short positions.

Facebook will be trading at between $23-$27 by Tuesday next week! Good bless facebook!

@rollout. Which broker do you use to trade facebook stocks ? Are they cheap ?

rollout care to explain how you so that? kindly??

Mr Moorhead said that
meant the Initial Public
Offering (IPO) had been a success for Facebook's
founders and early investors.
Some of them managed to sell parts of their stakes for hundreds of millions of dollars.
But he said the share price fall could have long-term consequences for the world's
biggest social network.
"The challenge is this will
sully the long-term brand of
Facebook, and in five years time people will look back on the IPO and have a negative connotation and none of that is good for the
Facebook brand and the
Facebook service itself," Mr Moorhead told BBC World.

http://www.bbc.co.uk/news/business-18141990

@youcan'tstopusnow,
According to me, it is good for longterm prospect of facebook for the stock to drop down to $20-$25, and I know this sound like self-serving on my part because I had already indicated that my positions will profit when facebook stock drop but here is the point.

Valuation of facebook IPO is supported by blurry fundamentals, so with the IPO price of $38 facebook will most likely disappoint the market by not meeting the revenue targets that can support such stock price, so to avoid regular missing of targets, facebook stock can as well take the hit now and grow it's revenue step by step than have to disappoint the market quarter after quarter. Again either way I am happy with the way thing are looking right now, couldn't be happier! God Bless Facebook

Rollout, true. FB won't tumble forever. The exact same scenario played out here where Britak and TCL rose slightly at first then hit mega-lows immediately after. Only after the dust has settled, are they now gradually beginning to rise.

Was there ever a positive report on Facebook pre-listing? All reports I read advised caution. Yet who was buying at 45? And more intriguing, why? (Maybe just succumbing to 'hype' as you say)

Extract from Zacks.com

Much Ado About Nothing (aka Facebook)

Facebook has to be the most overhyped and underwhelming IPO of all time. First the launch was delayed by 30 minutes. Then it barely blipped higher before retreating to the original price of $38. Then the underwriters had to jump in to buy more shares to save face. From there it floated higher for a while. Then ended the day embarrassingly close to where it started.

Want to know what I really think about Facebook? Then check out my most recent article (the title might tip you off a little ;-).

Why I Am Shorting Facebook

As for my prediction of a bounce coming, it seems to be according to plan. Here again is my previous commentary on the matter:

"I bet that the market bounces higher on Friday morning. Yet as the day progresses it starts turning south once again. And as hope goes out the window THAT is the time to cover your shorts and go a bit more long for a likely 2-3% bounce next week."

Well the hope going out the window part certainly took place. Now let's see if the bounce ensues. To get the early read on the market every morning, then be sure become a regular reader of our popular article: Ahead of Wall Street

And now is the start of the Drama.



http://news.yahoo.com/in...po-051601330--sector.htm

I think Facebook has alot of smart people running the company and for that reason the next move for facebook is to go for a round of shopping, acquisition will very much drive the company revenue for the next 3 yrs but the EVA will be on red for some time because of that, when you put everything together, unlike Safaricom, facebook will actually perform well in long term.

Just counting my days, Thurday 1pm I will be very happy, I want it to slide as slow as possible as I milk every moment, this baby is doing exactly what some of us wanted. Now that it is public information, there were cuts in revenue estimate assumptions in the middle of the roadshow that were material but were only disclosed to privilaged investors and that explain a larger part of sell off, in plain terms some people had material info about Facebook, JP Morgan, Morgan Stan and Goldman underwriting analysts lower the estimate the last minute and the info was only disclosed to few investors, sound illigal to me but let the SEC worry about that!