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ChkitOut

Registered: Dec 2005
Posts: 2927

05-18-12 12:59 AM

you should immediateley check yourself into a psychiatric center.

this stock will do the steady channel down until the end of year and probably be trading at 25 end of year.

peace!

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mgabriel01

Registered: Oct 2007
Posts: 975

05-18-12 01:04 AM

Quote from ChkitOut:

you should immediateley check yourself into a psychiatric center.

this stock will do the steady channel down until the end of year and probably be trading at 25 end of year.

peace!

I don't care much either way about facebook.
But regarding your prediction , I hang with Yogi Berra

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ChkitOut

Registered: Dec 2005
Posts: 2927

05-18-12 04:49 PM

breaking 38.

i wasnt lying folks.

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cactiman

Registered: Dec 2011
Posts: 962

05-18-12 09:48 PM

Quote from eIBD:
The long-awaited Facebook (FB) IPO finally arrived. Shares of the social-networking company, priced at 38, stormed out of the gate and traded as high as 45. But the stock ceded that 18% gain from its issuing price and closed at 38.15. Volume was a staggering 566 million shares.

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ChkitOut

Registered: Dec 2005
Posts: 2927

05-18-12 09:58 PM

the underwriters would not let it go under 38. they propped it up on day 1 as not to embarrass facebook. It was sort of like a kind gesture for their business.

"Thanks for choosing us as your investment bankers, as a token of our appreciation we'll eat a bunch of shares @ 38." No worries, we're hedged the best we can be."

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KastyG

Registered: Apr 2012
Posts: 516

05-18-12 10:03 PM

Quote from ChkitOut:

breaking 38.

i wasnt lying folks.

did it break 38 yet?

is there a gap nearby?

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