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Friday, May 18, 2012

Facebook (FB) will enter the market at 11 Eastern Time

Its official, Facebook (FB) will begin to trade at 11 Eastern time...

JFT Strategic Fund (JFS.UN) had started the session and is now at $9.80 per unit. There's no loan value for my margin associated with JFS.UN at this point.

Exciting day, isn't?


Anonymous said...

FB opening market at 42.05
Barrons & Associated press announce an expected leap to 45.00 a share!! WOWEE!! Singing the O'Jays: "People all over the world (everybody)
Join hands Start a love train, love train
People all over the world (all the world, now)
Join hands (love ride)
Start a love train (love ride), love train
The next stop that we make will be soon
Tell all the folks in Russia, and China, too
Don't you know that it's time to get on board
And let this train keep on riding, riding on through.."
FB flapping its wings like crazy trying to make a high of $41.73
Worried institutional players (ie. underwriters) rig the market through automated buy orders to artificially give a floor at $38.00
FB barely above the floor going for the close.
Now singing Three Dog Night: "Mama told me not to come
Mama told me not to come
She said, that ain't the way to have fun, son
That ain't the way to have fun, son" . Anony-music-seventies

Ruth said...

so what did it do , i cannot find any did you do on the first day and did you get in on facebook...i think it shows that people are keeping lots of cash on hand.

Anonymous said...

you could have bought at ipo price 38. let's say on monday if this price will hold or lower...


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