FB - Facebook Inc

You know, whatever

Moderators: Almighty Benny, Blitzen, Silent-sigfig

FB - Facebook Inc

Postby Tzan » Fri May 18, 2012 7:01 pm

So Facebook had their IPO today.
https://www.google.com/finance?client=ob&q=NASDAQ:FB
:trap:

So I bought some, seemed like the right thing to do at the time.

9:15 am, I placed a Limit order
11:30 the stock starts trading at 42, but I see no order confirmation
11:34 the stock drops to 40, I cancel the order, but it just sits there as Pending Cancel...
For 1 hour and twenty minutes I had no Idea what was going on like Bonn-o-Tron.
NASDAQ was FUBAR on informing people about orders. So there was nothing we could do.
We couldnt buy more, we couldnt sell, all we could do was say "WTF mate"!
11:50 FB hits 38
12:50 My order goes thru, I own FB at 42, great, I think, at that time I was losing $2500, it was at 40.4
1:50 I sell my shares at 41.5, it only hit that price twice all day, I feel very lucky to have only lost $600.
4:00 FB closed at 38

I went shopping with a smile on my face.
Got $24 for another Pick-a-Brick cup of coins.
I got a Hawaiian pizza later. Sweet.

6:30 I noticed I had gotten an email at 5:22 from my online broker, entitled "Your Facebook Order Has Been Improved"

We proactively filled your order based on the opening price that you were due so that you were not restricted from trading the shares you owned. A review of your order resulted in a favorable price correction to $38.31 and this price is now reflected in your account. We apologize for the issues experienced in the marketplace today, as we are always striving to make your trading experience a positive one.


So they filled me at 42, awsome! That allowed me to bail.
Lots of people didnt have that chance. At the 4:00 close many people still had no idea what happened with orders they placed at 9:00 am.
Then later they adjusted the price I bought it at to 38.31....... AWESOME!




TLDR:
So instead of losing $600, I made $4200!
User avatar
Tzan
Pooplord
 
Posts: 4767
Joined: Sun Dec 30, 2007 4:41 pm
Location: Boston

Re: FB - Facebook Inc

Postby 501stCadians » Fri May 18, 2012 7:54 pm

Tzan wrote:So instead of losing $600, I made $4200!


:studgod:
IVhorseman wrote:I'm the Several Hundred Dollar Man!

Image
Rayhawk wrote:"Give him the stick DON'T GIVE HIM THE STICK" was a major part of Knights Kingdom development.
User avatar
501stCadians
Playmobil
 
Posts: 1551
Joined: Fri Feb 15, 2008 3:35 pm
Location: Kingston, Ontario, Canada

Re: FB - Facebook Inc

Postby IVhorseman » Fri May 18, 2012 8:40 pm

Sweet cash, bro!
User avatar
IVhorseman
If she don't want the brick, she won't get the dick
 
Posts: 6298
Joined: Tue Dec 11, 2007 10:12 pm
Location: The Abyss

Re: FB - Facebook Inc

Postby Apollyon » Fri May 18, 2012 11:06 pm

Wait, what about taxes?
If you're not into Metal you are not my friend!
User avatar
Apollyon
My Little Pony
 
Posts: 1776
Joined: Sat Jul 25, 2009 5:14 am
Location: I am in Berlin bitch!

Re: FB - Facebook Inc

Postby Ben-Jammin » Sat May 19, 2012 5:33 am

You need to go buy legos now. Also, I think I should invest in Facebook.
User avatar
Ben-Jammin
My Little Pony
 
Posts: 1821
Joined: Fri Mar 04, 2011 5:59 pm
Location: Not quite the middle of Appalachia

Re: FB - Facebook Inc

Postby Zupponn » Sat May 19, 2012 8:08 am

In other news, Bono of U2 is a multi-billionaire, making him the richest rockstar in the world. He plans to feed everyone in Africa with his money.
Image
User avatar
Zupponn
No Lego part truly dies
No Lego part truly dies
 
Posts: 5341
Joined: Mon Mar 21, 2011 6:15 pm
Location: Wisconsin, land of the cheese

Re: FB - Facebook Inc

Postby Arkbrik » Sat May 19, 2012 9:38 am

Ben-Jammin wrote:You need to go buy legos now. Also, I think I should invest in Facebook.

Too late. As Tzan described, it peaked at 42$ after a few hours, and then started plummeting.
Remus: Harry... I'm a werewolf.
Harry: Are you fucking serious?
Remus: Well yes, but I don't see how that applies here.
User avatar
Arkbrik
Pooplord
 
Posts: 2525
Joined: Fri Aug 01, 2008 7:18 am
Location: Sweden

Re: FB - Facebook Inc

Postby Tzan » Sat May 19, 2012 11:19 am

Actually it started trading at 11:30 am at 42 then closed at 38. It never hit 42 during the day after the start.
It was a total mess. The only reason it didnt drop below 38 was because the bank that was running the IPO had a billion dollars to buy at 38 to prevent a drop below that price.

The millionaires that got the stock before the open paid 38, thats why the bank needed to protect that price.
On monday we will see if they keep doing that or let it trade freely.
I expect a big drop at some point on monday it they let it go.

Taxes? yeah I owe some taxes, I need to make an estimated payment in June, maybe $1000.

TLDR:
Stay away from FecesBook
User avatar
Tzan
Pooplord
 
Posts: 4767
Joined: Sun Dec 30, 2007 4:41 pm
Location: Boston

Re: FB - Facebook Inc

Postby Whiteagle » Sat May 19, 2012 2:06 pm

Heh, tried to tell my dad that when he wanted my computer to buy the stocks with...
I was like, "Dad, didn't something like this happen ten or twenty years ago?"
User avatar
Whiteagle
Mega Blok
 
Posts: 1486
Joined: Wed Dec 14, 2011 1:30 pm

Re: FB - Facebook Inc

Postby Jbgarrison » Sat Jun 02, 2012 12:36 am

FB closed at just under 28 today, and IMHO that is still way overpriced. :P
Hoboman wrote:I forgot for a moment what forum I was on like Bonn-o-Tron.

Jeffrey Boyd Garrison
Spokane, Washington, USA
TROLOLO
Jbgarrison
Cannon Fodder
 
Posts: 372
Joined: Tue Jun 22, 2010 3:31 am
Location: Spokane, Washington

Re: FB - Facebook Inc

Postby Tzan » Sat Jun 02, 2012 12:38 pm

The day it was at 36 I tried to sell short 3000 shares, but short sales were disabled that day.
I've just been ignoring it since then.
I wouldnt be surprised to see it hit 20.
User avatar
Tzan
Pooplord
 
Posts: 4767
Joined: Sun Dec 30, 2007 4:41 pm
Location: Boston

Re: FB - Facebook Inc

Postby RoC77 » Tue Jun 05, 2012 11:31 am

Yeah, I have no faith putting money in a company like xenga oh, I mean friendster, oh sorry myspace... wait thats right facebook...
TROLOLO
RoC77
Playmobil
 
Posts: 1597
Joined: Tue Nov 11, 2008 4:10 pm
Location: PEACH! The offical lotion of strippers across the country......


Return to General Discussion

Who is online

Users browsing this forum: No registered users and 2 guests