Faceplant below 33 now, So is JPM

[ancona]

I wonder if this is now structural selling rather than emotional, since the selling pressure has been pretty firm since Jamie Dimon did his now famous concilliatory speech. We shall see. Volume sucks on the DOW as the algorithms do digital battle in the markets this fine Monday morning. I wonder what the afternoon will bring.......

Faceplant is looking rough without the implied support of the IPO backers.

 

[Penn]

burn mofo BURN!


fb should have been $8 or $9 a share....

 

[DSAbug]

fb should have been $8 or $9 a share....

I think it has potential to not be a complete bust. I'm not buying any but the negative sentiment around this IPO really has me wondering if there isn't an opportunity here.

 

[Penn]

..not with my money there isnt.

Up to you what you do....

 

[ancona]

I think we'll se it at around 16 - 18 before it is over, at which point it may get a "Bank of America" bounce. BTW, BAC is at a low 6 handle, so when it hits 5 bucks I am buying a thousand shares.

 

[benjamen]

Errors all around in this IPO:
http://finance.yahoo.com/blogs/brea...RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

Facebook price right now: $32.12

 

[benjamen]

Facebook is down to $31... Can we get into the 20s by the end of the week?

:rotflmbo:

 

[ancona]

Someone is trying to lift up Faceplant this morning. Even though the DOW is falling like a rock, there are a few pigs getting some lipstick and it looks like it's "green". We'll see how well they hold up.

 

[white&yellow999]

bookie in australia taking bets on facebook end of 2012 price. hillarious.

http://blogs.wsj.com/dealjournalaustralia/2012/05/24/aussie-bookie-offers-5-odds-that-facebook-ends-2012-at-or-above-38/

 

[mmerlinn]

The PE ratio is unsustainable. Either they better do lots better on the earnings end or FB stock is a lead balloon.

 

[ancona]

I want to see their financials........That will paint the appropriate picture. A stock simply cannot be sustained by "excitement" and "expectations", it just doesn't work that way.

 

[benjamen]

I want to see their financials........That will paint the appropriate picture. A stock simply cannot be sustained by "excitement" and "expectations", it just doesn't work that way.

http://beta.fool.com/apinkasovitch/2012/02/02/analysing-facebooks-financial-statements/1573/

http://www.edupristine.com/blog/projecting-financial-statements-for-facebook/

http://www.facebook.com/pages/Form-10-K/135287079838132