[Hisam135i]

Originally Posted by Vanity

Deciding whether or not to liquidate my shorts today and go long for a potentially strong ST rally.

Update: sold my TVIX @ 9.43 from 5.84.
Potential for a short term rally is very possible. Didn't want to take the chance, so I'm taking a breather and watching what happens with the FB IPO tmr.

Agreed I also got rid of my shorts besides some put options on GE that didn't get sold.

[EvosM3]

Apple ended at LOD. Maybe some buyers will step in? I would hate to lose $200/share if this goes down to $420. Also, techs should rally tomorrow right because of the FB IPO. Apparently it'll go for $38 a pop. With all this hype surrounding it FB will see $50/70.

[roastbeef]

i don't have any stocks that i'm actively involved in yet, but what do you guys think about facebook opening tomorrow?

[EvosM3]

I think it's overhyped, stupid because they don't create anything which defeats the purpose of shares, and as soon as the funds decide to rid themselves of it onto the retail investors the stock will drastically fall.

[roastbeef]

well, the value is in the advertising potential- thats all facebook is, a huge tailored advertising engine.
facebook has millions of members, but as membership grows, the value does too. google doesn't actually produce anything, and look at their stock.

[Vanity]

IMO FB at this valuation is muppet bait.

[r0wr]

FB is for scrubs and i will short the shit out of it when it starts to fall. i'm gonna get out of hdge tomorrow and might open a position in lnkd.. we'll see.

[EvosM3]

I'm long lots of tech stocks: AAPL, GOOG, LNKD and something else.

[Vanity]

Having trouble deciding whether or not we bounce here from 1300 inflection, or 1250-1270. Even though I am foreseeing a crash, I'm not sure this thing is going down before June 17 Greek elections or 20th FOMC Meetings. Jmho. What do you guys think?

[ouchie]

I got a thousand dollars, don't know where to put it... First I was going to use it for FB now I don't even know. Any advice is much appreciated

[JesterEXW]

I think that people can make some money off of the IPO for Facebook but I personally would not invest. Forbes had a great article about how the IPO would make X number of new multi-millionaires (X being a surprisingly large number) but that is because these guys are dumping their stocks as soon as it goes public. This may be due to the fact that the hype will be more profitable than holding onto it long term, we all know it's an emotional market after all. Also, anyone curious about how FB being public will effect the site itself?

[E92TTKING]

Whos is buying FB?

[Merked M3]

I'm buying Facebook as soon as it starts trading in like 10 minutes.

[Vanity]

Reinitiating shorts again after seeing what happened with FB. Underwriters had to come in with $1 Billion to support that stock once it collapsed on open to $38. Tells me the stock is worth much less than $38. Tells me this is another reason against markets.

[Hisam135i]

Originally Posted by Vanity

Reinitiating shorts again after seeing what happened with FB. Underwriters had to come in with $1 Billion to support that stock once it collapsed on open to $38. Tells me the stock is worth much less than $38. Tells me this is another reason against markets.

+1, I however enjoyed the ride for a bit i bought in at 38.05 sold at 40.79 haha

[Vanity]

Originally Posted by Hisam135i

+1, I however enjoyed the ride for a bit i bought in at 38.05 sold at 40.79 haha

can't believe you made money n that flip

[JesterEXW]

Haha, wow nice move on that if you managed to turn it. Well played

[solefald]

My co-workers are dropping cash like crazy on FB stock. Suckers.

[Hisam135i]

Originally Posted by Vanity

can't believe you made money n that flip

I felt safe buying in there, 38 was a solid support and they would not let it drop below its initial offering price on its first day anyway haha

Originally Posted by JesterEXW

Haha, wow nice move on that if you managed to turn it. Well played

Thank you sir!

The funny thing is i made money long fb and money with my puts on ge

bearish/bullish day hahaha

[EvosM3]

I'm surprised Hisam135i was able to buy it at all. Anywho, I feel sorry for the retail investors who are pouring their money into this. Apparently none of them understand that the only people profiting off of FB are the funds and now the funds are going to be profiting again when the retail investors are losing money.

[Patrick719]

Personally I'm not buying into FB. At least not right now. It's overvalued. They don't produce anything, so all their income is ad revenue based. And companies are already reporting that FB ads aren't more effective than other media. GM just pulled their $10 million ad campaign with FB.

Yet the current stock price values Facebook higher than other large companies with solid producct lines and revenues.

Add the fact that they lost momentum in the first quarter of 2012 and that they shortened the lock-up period to 90 days, it sounds like a ton of people will be unloading the stock when the lock-up expires if they can't make numbers next quarter.

[EvosM3]

I've lost so much money with AAPL. I'm trying my hardest with AAPL and SPY puts to lower my losses but no avail. Any ideas as to what will happen next week? More bloodshed?