I’ve been hysterically laughing to myself for the past hour. My wife was scornfully growling at me, as tears of hysteria rolled down my cheek.
First, do not misconstrue my feelings about today as being insensitive to those of you who incurred losses in social media stocks. This shit isn’t supposed to happen and we all deal with tragedy differently.
I’ve never, in all of my years, seen something as genuinely funny, thanks to overt criminality of venture capitalists and investment bankers, resulting in such staggering losses for me. Truly, it was unbelievable. What was I thinking holding YELP into this FACETRAP ipo? I still cannot fathom the audacity of people selling SVVC down 7. I mean, LOL, it’s a fucking closed end fund, you insolent fools!
Who are you people selling these stocks?
Look, from here on out, I despise Mark Zuckerberg. He is my enemy. Fuck the thousand millionaires he created today, who dumped stock on the market. Fuck the venture capitalists who gouged, like fat gluttonous pigs, off of the accounts of retail investors, on an unprecedented scale. The Facebook ipo was a boiler room underwriting and resulted in “hot money” running for dear mercy (lol) out of anything socially related.
Seriously, you cannot make this stuff up. Not only did the Facebook ipo fail to inspire, it caused a cataclysm in the market, a dislocation in a sector not seen since the dot bomb days. At least back then stocks fell because business sucked. Today, these companies are growing; but because people despise anything related to Facebook, the stocks are getting fed to animals, dirty, vicious ones in the streets.
Here’s what is going to happen next.
Facebook is grossly overvalued, by at least 30%. The shares of Facebook are going to trade under $30 inside of 30 days. As for my YELP: I am woefully guilty of buying this stock alongside hot money clown rapers. These rapists have tainted the waters and have caused a panic in the shares, all for superficial reasons. If FB traded to $50, then YELP would have gone up?
I hate the market.
In short, in all of my years investing, I have NEVER, EVER seen an industry leader in its prime come public and RAPE its peer group. I hope everyone from Facebook contracts a flesh eating disease over the weekend, and then have intercourse with Magic Johnson.
Here, take at the Facebook halo effect today.
Facebook dicksuckers.
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FING. Failbook Is Not God.
Fly- for some reason, this seems so 2000 ala the tech bubble, only this time it’s social media.
What’s the damage to your YTD? Also, I saw Ragin’s post about the 5-year chart for TLT. Are we to go to the mattresses, and how soon?
I lost 3% today. Remember, I am in old man stocks and 20% cash.
One of my worst days in awhile. Got in on the FB IPO but that ending up not meaning anything. Also own RENN, ZNGA, and YELP. FML…
the big problem with being a clown is getting the blood out of your suit.
Today was like a rape scene from one of the Death Wish films.
None of this would have happened if whatever it is that caused the market to dive continuously all week long would not have happened. Bank runs in Europe. Or JPM bankruptcy, or both, or whatever it is. We’ll find out later. Markets dive like this for some reason.
complete meltdown of fiat currency? money backed by faith? the oh yea ill pay ya later.and greeces fav, the checks in the mail.
People don’t sell stocks…computers do.
That’s pretty much the first thought that crossed my mind. The mainframes trading only see a bunch of quotes plus all of the other algorithmic Hocus Pocus they study when making their thousandth of a second trading decisions and than flood the market with buy sell orders accordingly. The market is one huge Bot driven casino and the humans are the ones they profit off.
Any time I’m too lazy to put in a limit buy/sell on ES_F, I always, ALWAYS get filled a quarter worse than market. Even if volume is close to nil, a fucking computer sees me coming in and bids it up to take my 12.50, I swear. It’s pretty impressive, actually.
My pet owl Minerva has spread her wings. More than dusk is falling boyos.
Zuck is a product of being raised in the right environment and timing. Everyone thinks he is some fucking genius, but he just has a bad case of social anxiety.
Have you read, “The Outliers”?
I agree he was in the right place the right time, but it does take some level of genius to create something like Facebook.
Yes I have heard of the 10,000 hour rule. Which is why I said he has a bad case of social anxiety. He worked hard, no doubt.. But for anything to have 900 million users requires a shitload of luck. You can’t just plan that.
You know what the definition of luck is?
It’s where preparation and opportunity cross paths.
A leader is a man who finds a parade and gets in front of it.
I don’t know about that, because usually, if you try and get in front of a parade, you get tackled by government agents.
Mark showed off his Illuminati symbology (inside of all Facebook company-issued hoodies)
He is just a figurehead.
What a complete and total disaster. If this thing IPO’d with a few trading days in front of it, I could easily see the low $20’s.
Guess we will have to wait until next week!
Genius is a gross overstatement. Do you think that he envisioned facebook becoming a 100 billion dollar company?
Genius’s are creating quantum computers or the LHC, or writing a blog such as this – I truly am in awe (and envy) with your words at times.
The guy was born on third base. I have come across some incredibly smart people in my business, people with great ideas. It’s like the NFL – there are a lot of incredibly talented people, but a few plays here and there, get in with the wrong coach/offensive scheme and you won’t make it.
true dat…I watched the menlo park shitstorm and thought about Animal Farm..there were the pigs eating off the sheeple. zuck says he only eats meat he kills…goats, lamb..what’s next? underwriters? Orwell would most surely puke.
So is our YELP done for?
weve done all we can, its up to god now.
you mean FB? lol
The market usually gives second chances. There will be an opportunity to exit yelp at 20 bucks soon, if you want out of the shitstorm.
Can you hear the death rattle of late stage capitalism?
Operation Cornhole is underway – prepare for slow and hideous end.
I’d rather own shares of TheGlobe.com IPO.
Now, those people made some cash.
lol…
Maybe Zapata will bid for Yelp to makeup for their failed Excite bid.
The Mother Of All Head And Shoulders Tops
http://finance.yahoo.com/q/ta?s=^GSPC&t=my&l=off&z=l&q=l&p=&a=&c=
A giant bear stamped his paw print on the chart
Reversion to the mean is going to be painful.
This is simply how it works. Stocks must go down before they can go up. Likewise the must go up before they go down.
Going Clark Griswald.
http://www.youtube.com/watch?v=HXkMaZz5Mo8
http://www.youtube.com/watch?v=ydp2mN3d_gM
I am scared of clowns !!!
Jesus Christ – All this talk about Yelp made me pull up the chart. I guess clown raped is the appropriate term. This too shall pass.
Don’t hate on Zuckerberg. He developed a fantastic company in Facebook. But he’s in over his head in the world of Wall Street where the rapists proliferate. The cut-throat whore business chews people up and spits them out and doesn’t give a shit.
BULLSHIT.
He is not stupid. He knew people would get hosed during today’s ipo.
So how do you IPO without hosing anyone?
apple
Price it right.
I thought Google did a great job when they IPO’d, and you could get shares via the internet.
They didn’t use some monster investment bank criminals to hoard it all.
This is the first and last time I have ever seen a big IPO go that route….it was a novel approach, and it definitely helped earn the company goodwill amongst the investing public.
Does anyone else remember the way Google did it?
You know he slit the throat of goat, just for the thrill of the kill. Buyers of IPO FB are just more goats for his amusement.
TN,
Did he actually slit the throat(s)of
goat(s)?
Oooooh, please tell me this is ‘NOT’ so..
Sooz, Yes, its true. He is a sick fuck. http://postcards.blogs.fortune.cnn.com/2011/05/26/mark-zuckerbergs-new-challenge-eating-only-what-he-kills/
Google actually used a Dutch auction to roll out their IPO if I remember correctly. I recall it going pretty well
dutch auction
fucking bullshit..take the blinders off ..he is an evildoer without empathy.
The stock market the past 3 weeks has sucked the sagging scrotum of dead donkey balls. A fucking murder hole of the worst kind.
Where in the sam fucking hill was the plunge protection team this week? Who the fuck captured Bernanke and locked him in a dungeon? Those stupid motherfuckers are probably sipping cold drinks on a beach somewhere.
Dimon, Zuckerberg, Greece, Spain, Morgan Stanley, Merkel, etc… Fucking class A cocksuckers – all of them.
Option expiration week.
No everything dropped because there is no cocaine. Fly, You have laugh at all of this because it is so amazing in a black humor way.
Help in on the way June 19!
Cascadian..Maybe. Greek Elections on June 17, Draghi says he will wait till June to decide if LTRO works or not. IMF “War Chest” could be opened after elections. But Fed isn’t the one with the cocaine at the party this year………….also edit post above, “You have to laugh at all of this because it is so amazing, in a black humor sort of way”, I really should proof read before I post. I am so word blind.
buyers of social http://youtu.be/76nNHbX0lO4
Too bad there wasn’t much hyping before today, or else I’d have cashed out yesterday based on past experience: Lather, rinse, repeat. Didn’t really want to rinse without the lather. Too bad! Own GSVC, YELP, and ZNGA. Though just a few shares it’s still very painful to have them murdered like this.
Senor Fly says:
“I’ve never, in all of my years, seen something as genuinely funny, thanks to overt criminality of venture capitalists and investment bankers, resulting in such staggering losses for me. Truly, it was unbelievable. I still cannot fathom the audacity of people selling SVVC down 7. I mean, LOL, it’s a fucking closed end fund, you insolent fools!
Who are you people selling these stocks?”
You know, we have been over-thinking this whole thing.
It is really as basic as it seems.
The tsunami is rolling around the globe, and when it’s done with Europe, it is coming straight back here.
Folks, if things got really bad. I mean, drones in your backyard, utilities down, and the dollar goes into a unrestrained free-fall….
What are you going to do?
Do you have food and fuel and a generator, do you have a years worth of supplies?
No. You don’t.
You might have a lot of money, on paper.
It is mostly dollar-based, I would bet. It’s mostly in banks, I would bet.
So, after 3-4 days, will you be running to the FEMA fusion center/internment camp, to get a meal for your kids?
Good news-they are hiring!
See the M.O.S. job posting (Military Occupational Specialist)here for the National Guard…”Internment Camp Resettlement Specialist”:
http://www.youtube.com/watch?v=zlk8dWkujO4
Let us stop over thinking this crap.
The reason you’ve never seen this before, is simply because it’s never happened in the USA before.
DHS bought 750 million rounds of hollow-point ammo, because there is going to be a war here, between the people, and the powers that be.
They know the dollar is going to zero. They know we are just a few months away from being Europe.
They know how pissed off the people are, and THEY aren’t even that p.o.’d yet!
Let me ask you, are YOU pissed off yet?
I would ask you to wake up, but no one listens to that.
This all started about eleven years ago:
http://www.youtube.com/watch?v=nAFnzRrecIk&feature=plcp
Let me know when it all comes into focus for you!
hey… so what r u tryin to say? buy a boat, buy dried food… learn to fish? get a gun,
You small minded, single-sentence repeating simpleton and prognosticator of grand catastrophe. Go jump off a fucking skyscraper. Otherwise we’ll find your little cache of canned goods and donate it all to the local food bank.
And take all the other doom and gloomers with you. We don’t need any more of your fucked up negativity.
hey i sell dried food, so shut up. business is booming!
You know, you really have a way with words, big boy.
Come over and see me sometime
hey wait a minuet, kiss is not the face of rock in roll. just sayin.
Suggest loosening the straps on your tinfoil hat. It’s cutting off blood flow to your brain.
Lol, good parody. Oh wait, you were serious.
Get back in the clown car.
I WANT the dollar in freefall. Best thing that could happen to our stocks, economic growth, mortgage problems and job creation.
I agree – necrotizing fasciitis for all the perpetrators, but leave Magic Johnson alone!
So why didn’t they IPO this thing at $20 and throw retail a bone?
Because they are greedy f-cking pigs, that’s whay!
ROTFLMAO BHAHAHAHAHAHA
LOLOLOLOLOL
HAHAHAHAHAHAHA
LOL!
How’s about “Fuck you. That’s why.”
If only Mitt Romney were president. None of this would ever have happened.
the other white obama?
What a week. Love volatility
why was GSVC then
such a great buy
way back when?
Pretty sure Master Fly said he would sell his GSVC the day before FB goes public.
http://ibankcoin.com/flyblog/2012/01/20/going-higher-2/
“Remember, Facebook is going to file iPO and when they do, people will race to own GSVC, as they own FBOOK is the private markets. Before GRPN and ZNGA ipo’d, GSVC ran 25%+ each time, then collapsed after the emotional roller coaster climaxed. I expect the stock to trade north of $18 the day before the FBOOK ipo. The play is to accumulate from now until then and liquidate one day prior to ipo.”
This is why he is The Master.
That Elizabeth Warren, she be an Indian too. Uggh.
http://youtu.be/dN2FGuYgtlY
Isaretard “Likes” this post.
The topless tassle twirlers at Crazy Horse in Paris have gone on strike over punk wages. Fucking management weasels, one would think they ran a bank. Apropos of the situation I salute the ladies with a monster tumbler of Redbreast Pure Pot Still Irish Whiskey 15-year. Oh, and fuck facebook.
The only reason those social stocks were as high as they were had been BECAUSE of the Facebook hype. People like YOU inflated these stocks values past their actual worth.
You greedily invest in YELP which is a billion dollar valuation that will likely never turn a profit, and you’re only mad because FB didn’t lift their BS valuations further. It’s a very GOOD thing that these stocks are coming down to where they belong, and if Facebook is the reason, we should be happy about it.
Yes, their VCs and insiders raped everyone else, but anyone that bought into this hype circle has no one to blame but themselves. This is not the first time time and it won’t be the last– FB’s allegiance is NOT to the retail investor.
Wrong Alex
Yelp has a legitimate valuation, rubber stamped by research. I never bought YELP for the FB pop. Ask anyone, I am long term, old south, with YELP.
Now fuck off.
In the U.S. we are too clueless about what is going on in the rest of the world. We think “Who cares if there are bank runs in Europe? We’re having our big FB IPO this week.”
Well, looking at a chart of this week on the S&P, obviously it does matter to our financial system whether or not there are bank runs in Europe.
good thought, was lookin at unrest, italy,spain, and of course greece. but ive been doin this for 2 years. i thought the election would bolster but it has run out of steam .
ECB gave us a Cocaine Party in Dec, now the coke is gone and everyone is pissed off. Market should go back to Dec levels before Party once it finishes sobering up imho.
Agreed. 1260 is the bottom of the barrel, _if_ we get there. I wouldn’t be surprised, though.
i am locking up my posistion for the weekend ..at a 1:2 ratio…wouldnt want to find out i have become a holloween ornament in your front yard … i sleep well and continue to do so..i will release the correct one when it has performed its duty
faz position was up another 3.36% i laughed all the way to the bank
There is absolutely no fucking way that Ben doesn’t ride in on his white horse very soon to turn things around.
He needs the price of gasoline down before turning on the money spigots. Are we there yet? Who the fuck knows but it’s going to happen sooner rather than later.
The only way he sits on his hands is if he wants Obama to lose in November which gives him the ability to walk away before the entire financial system explodes on nuclear fashion.
So tell us: What is wrong with the financial system exploding (and taking all debt – and hopefully all bankers)- with it?
Nothing. I can’t wait.
You can only back a dog into a corner for so long…
Yelp just got raped up the bung
the election of that new french fuck seems to be getting the 2008 treatment of the 0. who by the way will most likely be elected again. who is gonna buy this socialist nightmare? everyone is looking for a reason to buy. where are the end of the world bears?
What if this is a bear market?
exactly. when the bears want qe as much as the bulls. the tape is fucked.
we are here >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< and over there
$FB below $20 before Christmas.
I bought some fb today and thought I sold it for a $500 dollar profit but I fucked up. Ended up being a $4000 loss
Huh? Maybe you should buy a calculator if you can’t use excel.
democrats= liblards,republicans= conservatards and if your born around august,your a leo-tard.
It’s called HOPE mode
News Alert – Fly changes Blog Name
Now known as “IBANK NO COIN”
News Alert – John Travolta changes name
Now known as “I SUCK DICK”
Wow. That shit is so clever. I like how you put the “no” before the “coin” part. Very witty.
haters gonna hate in their double wide luxury trailer. That shit is nice.
Pissed on, puked on, entrails unravaelled! That’s how I feel tonight!
unravelled
2
litres of wine!
3000+ views.
the scent of panic emerges.
from whom? the bulls? the bears trying to buy the “bounce”? what supposed panic? the SPY has not even hit the 200day. just how many asshats are riding the slope of hope right now?
Lol, amish you are so cynical… I laugh because I’ve been there at times. Take all the bullshit as a challenge, one that you can win.
plan on it. the margin call of beartards. 1250 will do.
ha… this is not panic…. did you trade in 2008-2009?
ey man, don’t dis earvin.
look at the chineese yen, just sayin. and thats it for u fuckers, have a great weekend.
Where could I find some more information on the chineese yen?
No fucking clue! Just sayin’.
imposter. jerk off, no top hat?
bloomberg money flow on ur browser
Look for it next to the Japanese Yuan.
bullish look 4 yourself. money flow and not some asshole tryin to sell their book. im buyin gold. it might be wrong. but if the greeks r havin a run on the banks (italy spain too) were is it goin? look at the yen…
His point achieved higher altitude than your cranium. In other words, it flew over your head.
Japanese YEN or CHINESE renminbi. Which one were you referring to?
yuan,rmb.
Zuckerberg likes to kill things and then see how they taste……. I wonder what it says about the man.
http://news.cnet.com/8301-17852_3-20066886-71.html
i try never to eat pork, but they do have the tightest pussy
I think people need to stop thinking about where the market should bounce, we’ve had too many down days, we’re oversold, yada yada yada.
Just maybe, the markets are trying to price this shit in. Where were we last time the markets tried to price the euro-trash in? Mid to low 1200’s. With 1-2 quarters of growth, where does that put us? Stop with the idea that we are immune and uncle ben is going to save us.
Learning from the past is easier than predicting the future.
agree with you.
fuck uncle ben. he is not your savior.
Blasphemy. Rick Ross is heading your way right now to tool up on your ass.
kool i gots sometin 4 him.
He was playing in my stomping grounds tonight, MPLS.
This is my time
we have 200 hundred years of nat gas, wtf. we give brazil millions to drill?????????????we could be energy independnt, arrogance,ignorance, illeist and worst of all MARXIST
elitist
This guy has been long the market for the last 3 weeks via margin, and added to his portfolio by buying FB.
http://bit.ly/JFryDZ
And this more discreet quote about FB: My 19-year-old daughter @beardsdaughter: “Why are people investing in Facebook, it’s already on the way out.”
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