Facebook (Meta)

[Boghie]

Funny looking C/S Charts...

Looks like excitable folks trying to get into the market before Facebook starts trading - then the smart money take profit. It might not be smart money - who knows. Anyway, the delay in the Facebook offering gives us TSPTalkers a glimpse of the future, eh...

My guess is a big up bounce as 'dumb' money tries to get in on the side, and a dump as 'smart' money takes the opportunity to sell and lock in profit...

Me, I'll just sit right here invested 50% in the market and 50% out of the market. I'll need something like another 10% - 12% dump in the S&P to zero out this years YTOD gains... Want to be there when the 'smart' money looks past early November!!!

 

[James48843]

NASDAQ still having trouble launching trades of FB. Looks like major traffic jam. None of the quote services can get it either. Last report showing trades ready to begin at $38, but I saw one trade flash by at about 11:14 or so of a $56 exchange. then....nothing..

 

[James48843]

FACEBOOK opens at $42.

 

[James48843]

87,000,000 share block just traded at $42

 

[James48843]

Dropping like a rock. Now at $39.80

 

[James48843]

Stabalized at $40.06 and appears to be trading bigger volumes around here.

 

[tsptalk]

Well, Scottrade is at a crawl, but I think my order must have been filled with it printing below $39 a minute ago.

 

[Boghie]

Seems like we are definitely in a 'distribution' market on our equity funds...

Maybe even in our bond fund...

Still don't want to make a trade today. Too bouncy... Some things are nice when bouncy, others not. And I don't like my retirement funds bouncy!!!

 

[Boghie]

Then again, at this point we are talking less than half a point. It would wipe out Amoeba's gains, but...

 

[Boghie]

Wow, weird, talkin’ FaceBook in the FaceBook thread and landing here.

But, then again I’m really talking about our equity funds.

So, our lord (Tom) works in mysterious ways:laugh:

 

[tsptalk]

Wow, weird, talkin’ FaceBook in the FaceBook thread and landing here.

And, back again.

Sorry, I didn't notice that your first post was talking about Facebook. I saw C/S and figured folks not interested in Facebook wouldn't have read it so I moved it. But alas, it was about Facebook. Sorry.

 

[Boghie]

And, back again.

Sorry, I didn't notice that your first post was talking about Facebook. I saw C/S and figured folks not interested in Facebook wouldn't have read it so I moved it. But alas, it was about Facebook. Sorry.

Tom, I actually think you were correct to move my posts. I am looking to see if the FaceBook IPO changes the general mood of the market, but it is the mood of the market that I am interested in since I cannot buy FaceBook yet (and will not). My mullah is in the C/S/I. And, I don't like what I'm seeing. The IPO excitement is being swamped by folks looking to sell on a bump. That implies a down market.

I just thought it was funny.

 

[tsptalk]

Well, Scottrade is at a crawl, but I think my order must have been filled with it printing below $39 a minute ago.

Still no confirmation from Scottrade that my FB trade was filled, despite it trading $1 under my bid price earlier. This reminds me of the days prior to online trading.

 

[dhstdog]

Im loving it, had 3 orders in for FB and none of them filled.... Now you can keep those shares. Thanks ameritrade

 

[Boghie]

Wow, opens at $38, now something around $40 and falling...
Are these folks going to actually lose money?
Is Bono going to go broke?

Come on baby, lets give it to the 1%ers!!!

 

[tsptalk]

Im loving it, had 3 orders in for FB and none of them filled.... Now you can keep those shares. Thanks ameritrade

The volume is through the roof so I assume these orders will show as filled at some point today as they sort through them. Hopefully, anyway.

 

[Intrepid_Timer]

Still no confirmation from Scottrade that my FB trade was filled, despite it trading $1 under my bid price earlier. This reminds me of the days prior to online trading.

Was it just me or was Scottrade really slow earlier?

 

[dhstdog]

I had three orders in all above 41 didnt fill. I have since cancelled all the orders and ameritrade confirmed my cancellation. I will wait now.

 

[Steel_Magnolia]

When Bid and Ask prices went back down to almost $38 I put in a market order at Scottrade, thinking my order would be filled immediately at that price. Silly me. Now the price is almost up to $41 and my order isn't showing as filled yet. And since it is a market order I don't have the option to cancel it. It appears that I have made one more tuition payment to Investments University.

 

[tsptalk]

Was it just me or was Scottrade really slow earlier?

Yeah, Facebook is slowing down most online brokerages I hear. They aren't answering their phones either. Must be a madhouse. Over 300,000,000 shares of facebook traded in the first hour.