If you wanted to short fb, you already missed the opportunity on Friday. I really doubt it will break 40 again because it closed really poorly. The best stock to short on the NYSE would be JPM, you're getting a stock that's lost 15% of its market value based on media hype and not business fundamentals. But I'm not sure if the stock could continue to fall further though.
I do not know if it is easy money as most things never are. It does however remind me of how many times i have read from respected observers that no one rings a bell at the top, but quite often the really big fan fare IPO's are carried out at or about the top of a market. The inside guys do well and the new shareholders ....well.... have more risk i guess. In terms of that generalisation it may well be a good trade to go short facebook. For that matter it may well be a good reason to go short the asx200 aswell....after a bounce... Or it may be a good time to switch some of the portfolio cash to gold and silverr(physical or etf) for the AUD correction (against USD) which tends to spike the AUD gold price, then when aussie is down switch some of that back to AUD or aussie gold and silver mining shares.... Timing as always is the hard part..
When an IPO hype bigger than Superbowl for NFL fans for something so worthless economically like FB, you can be sure the "muppets" will come out and get slaughtered.
"Retroactive Market Conditions": Nasdaq Says Would Have Called Off FaceBook IPO If It Knew Then What It Knows Now http://www.zerohedge.com/news/retro...ve-called-facebook-ipo-if-it-knew-then-what-i The Facebook Maginot Histogram - Here Is How Morgan Stanley Just Gave Up http://www.zerohedge.com/news/facebook-maginot-histogram-here-how-morgan-stanley-just-gave Facebook Plummets To All Time Lows As EUR Exodus Crushes Commodities, Slams Stocks http://www.zerohedge.com/news/faceb...s-eur-exodus-crushes-commodities-slams-stocks This facebook stuff is hilarious, it's like slapstick comedy LOL!
With a P/E of about 180 at IPO it was obviously a great investment for seasoned investors not muppets.
http://www.businessinsider.com/excl...y-of-what-happened-on-the-facebook-ipo-2012-5 I think this is hilarious also. Really, people should have seen this coming a mile away. I think it was more about hope than anything else. The hope that everyone would go crazy about it for a short time, which doesn't seem to have happened in this case. There's a lesson here.
Yep the lesson is don't give your money to two faced scam artists euphemistically called brokers because if you invest with them you will go broke. IPO's are great for transfering wealth to those in the know... from those who think their brokers know. What their brokers really know is there is a commission in it for them which ever way it goes. Kind Regards non recourse
More Farcebook What Facebook Stock is Worth (At Best) http://www.moneymorning.com.au/20120528/what-facebook-stock-is-worth-at-best.html Facebook: A Replay of Another Bad Deal? http://www.moneymorning.com.au/20120526/facebook-a-replay-of-another-bad-deal.html
I bought Fakefriendbook shares as a speculator. Everyone told me I would make a killing. Now it's tanked and I've lost a shedload. Who can I blame, someone should have protected me. I AM NOT RESPONSIBLE FOR MY ACTIONS. SUE SUE SUE. Sign of the times I guess....................
could of seen this coming a mile away. Would of been even funnier if zuckerberg had sold all of his shares in one hit and ran with it.
wow... i knew it tanked but not that much. surely it couldnt climb back to what it began at, as that was just all hype. they'd have to be doing something revolutionary for facebook or have a way to increase profits and traffic. maybe a webcam video chat, and a popup ad that comes up before every vid call so you have to click to generate $$. i dno, but i'd stay away from facebook shares, unless they're doing that or somthing similar ^^ if it hasnt already been done...
In the day and age of HFT and manipulated markets, my luck would be to short it the day before it sees $60....
