I_Am_Madness Posted May 17, 2012 Report Posted May 17, 2012 How many people went heavily long tech weeks ago thinking the Facebook IPO would cause a huge pop?Alot of traders caught bigtime..... We could reverse at any point i guess,but so far bounces are getting smacked down. Not 'most' of us.
MrHanky Posted May 17, 2012 Author Report Posted May 17, 2012 Facebook prices at $38, 421 million shares Tanking markets and it gets priced at the top of the increased range.
capitall Posted May 17, 2012 Report Posted May 17, 2012 Facebook prices at $38, 421 million shares Tanking markets and it gets priced at the top of the increased range. That doesn't mean people will buy it there. But who knows?
MrHanky Posted May 17, 2012 Author Report Posted May 17, 2012 That doesn't mean people will buy it there. But who knows? Insanely oversubscribed,it's still gonna pop huge.....
JonLaw Posted May 17, 2012 Report Posted May 17, 2012 And Spanish debt is only at 6.3%! My wife wants to buy into Facebook. My response? "I'd rather short Apple."
Trader Joe Posted May 17, 2012 Report Posted May 17, 2012 Holy shit Blood in the streets And we're just getting started Tomorrow is the last chance for a green print But I am "guessing" the green only lasts intra-day Once it starts to roll -- SHORT THE LIVING MUTHER F**KING SHIT OUT OF THIS THING UNTIL INSTRUCTED TO DO OTHERWISE ***Message Concluded***
Trader Joe Posted May 17, 2012 Report Posted May 17, 2012 In other news, some of the Fast Money guys are panicky & pissed McLuvin' it!!!!
Trader Joe Posted May 17, 2012 Report Posted May 17, 2012 Had I not hedged my short position I'd be up almost $250,000 since I initiated this position in April/May Alas, I played it safe and....well you get the idea
JonLaw Posted May 17, 2012 Report Posted May 17, 2012 Holy shit Blood in the streets And we're just getting started Tomorrow is the last chance for a green print But I am "guessing" the green only lasts intra-day Once it starts to roll -- SHORT THE LIVING MUTHER F**KING SHIT OUT OF THIS THING UNTIL INSTRUCTED TO DO OTHERWISE ***Message Concluded*** You mean "until the CB Liquidity Floodgates are open."
capitall Posted May 17, 2012 Report Posted May 17, 2012 "Shares in Spanish lender Bankia fell more than 20 percent following a report in the El Mundo newspaper its customers had pulled over 1 billion euros from accounts over the past week. "This followed news on Wednesday the European Central Bank had stopped providing liquidity to some Greek banks because they had not been successfully recapitalised." from http://www.reuters.com/article/2012/05/17/markets-forex-idUSL1E8GHEZN20120517 If this isn't a run on European banks, it will do until one comes along
I_Am_Madness Posted May 17, 2012 Report Posted May 17, 2012 Going to see if i can sniff in a long trade on ES overnight between 1288-1294 area with stop below 1275. No change on my miners which looked REALLY good today. Trade safe.
Trader Joe Posted May 17, 2012 Report Posted May 17, 2012 In addition....if FaceCrook has a shitty opening day....and intra-day doesn't at least double....and god forbid it goes out on the day at say $48 or lower Then look out below Big time!
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