FB no show? Not start start traded yet?

Facebook starting its IPO at Nasdaq now at $38

possible to close below ipo today....

Any reasons why did you say so?!

i also don't know, just watching the market sentiment and wild guess only. Most IBs think it's too expensive.
anyway, now it's back to 6% premium.

But the price definitely looks good now as it has climb up to between 41 and 42. What do u mean by 6% premium?

so it closed flat on its IPO day....as expected, see.

Haha you get it right. Well done.

Wake me up when FB goes below $30. I may throw a few hundred shrs just for fun.

It has drop below IPO prices at the early market today.

I'm looking for 20% below its IPO price ($38). ...

Looking for that signs for the school of whales to come and swallow up. No signs of them yet.
I'll just swim along and nibble later.

This post has been edited by danmooncake: May 22 2012, 01:57 AM

looks like may easily achieve your target by this week.

I bought huge load of LVS calls.. right around when it was $46.
Can't ignore the oversold condition. This ugly gf is getting attractive again.

Your target might achieve very soon, it has drop about 11% below the IPO price now. Haha
What's your next step then?

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Added on May 22, 2012, 12:16 pmHow did you guys manage to predict the trend of the market, have you guys done lots of research before going to buy a share? Sorry, I just a young guy now, trying to learn things in the stock market, mind sharing some opinions?

This post has been edited by Dr0z3n: May 22 2012, 12:16 PM

I'm a pattern trader/watcher. We got a small 5% pull back from top in April. So, after 7-8 sessions downdraft, some kind of bounce ought to happen. Look for the support/resistance line for your fav stock and try to look for oversold condition and bounce on the intraday to get in. LVS got it yesterday. AAPL got it last Friday and Monday, the bulls cramped in. Time to cover shorts and ride up this short-term bounce see what happens. Don't forget to lock in profits with stops. It never hurt to take profits and don't be greedy. Good luck!

This post has been edited by danmooncake: May 22 2012, 08:03 PM

I'm going long AAPL leaps today. Buying back what I sold off last week. 2014 Jan 800 options.

Ripping profits... out of gate. Looking for small pull.. and see if this can hold or not before adding again.
Watching $USD, $VIX and SPY. Watch out, dollar looks like it got strength.

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Added on May 23, 2012, 5:52 amUpdate:
Ka-ching...I've unloaded all my LVS calls for 28% profits.
Going to wait and see what happens tomorrow evening. The big boys in control may want this train to continue south.
So, I'm staying on sidelines for now.

FB - was watching it... touched the 30.x but not below 30 yet. Definitely going to happen soon.
The big guys are raping the small guys here. It's going to get real ugly.

This post has been edited by danmooncake: May 23 2012, 05:52 AM

Cool!

FB shares are really made a huge impact on China's RENN.
I got raped by RENN as what FB pre-IPO investors are.

LVS is now seems to be attractive again.

Apple is doing well despite the poor outlook. Big boys sold down Apple from 630's until 530's and then when the VOLUME slowly faded away, they buy it and then produced a BUY CALL. This is what u may call as dissipated/dissolute.

I really like your comments on the US stock market. Wish we have more traders like you to provide us with insights.