Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You didn't seem to think that a week ago ! seems you were praising this turd!!
Yes very long break! I owned this turd before they did there 1 for 2 million split! LOL If i can save one person from investing in this turd i will have succeeded!
This is painful reading some of these post! For the love of God get out!!
I really would love to be positive and see this rise but i truly mean this when I say this. I have seen this played out more than 1000 times with these penny stocks.If i would have listened when people where telling me the same thing I'm stating now i would have saved a bit of money
Tried to warn you when it was at .03 to get out and I'm telling you now get out while you can....
Get out and save your money!
I have seen this story over 1,000 times pump it, sell it rinse and repeat! Get out while you can!!
Go figure and it's down!!! What does that tell you Einstein!!
Don't get sucked into these pump and dumps!!!!
I'll tell you what on Friday let's see where this Turd is!!!
Don't fall for this scam!!!
Hello!
Anyone thinking of this turd stay away!!
Amazing huh! You're right though once a con always a con!
I don't believe this but I think this is Pedro and he is still pushing the panamersa thing
https://twitter.com/PedrinPanamersa
Has harsh has it sounds I couldn't agree more! I wonder where his side kicks Theresa and Pedro are?
Saw in an article he died May 3rd 2014!
Scam run away!
I would assume great news is coming. You don't move up your earnings to put out bad news!
so you are saying that that there are 1.2 billion shares and if zuck doesn't sell his shares that will leave around 777 million shares?
SAN FRANCISCO (MarketWatch) -- Facebook Inc. is still not trading on any kind of rational basis, as the share-price drop triggered by employee selling on Wednesday makes clear.
Among those at Facebook FB) who can finally dump some of their pre-IPO restricted stock units, the prevailing attitude is still a stampede to the door.
That attitude is understandable. The company's workers want to enjoy the same material benefits (albeit on a different scale) as the insiders who've already reaped billions of dollars from the company's success.
But what's good for real-estate agents and car dealers in Silicon Valley is bad news for Facebook retail investors, because this selling pressures the stock price. It's why I've been reminding readers repeatedly to watch for the dates on which large amounts of employee post-IPO lockups expire. Read: Facebook hit again by lockup worries.
Until those dates come and go, positive trading sentiment based on fundamentals is going to be offset by the selling among Facebook insiders -- who got their shares for much cheaper than retail investors.
On Wednesday, the selling was more than enough to counter the bullishness arising from the company's quarterly earnings report, and the shares fell nearly 4%. Come Thursday, the stock is trading slightly higher, up 1% to $21.33.
On Nov. 14, lockups expire on another 800 million shares, more than three times the number of shares that caused this week's drop.
Earnings report good, insider selling bad
It's worth noting that the drop came even though Facebook's most recent financial report was enough to convince Wall Street that the social network will be able to make money off its mobile users.
That may or may not prove true. But either way, the earnings triggered a collective sigh of relief among Facebook bulls and a 20% rise in its shares. The size of that jump suggested that some of the action after earnings was short-covering by traders who'd bet they could ride Facebook straight into the ground.
That's not going to happen, because Facebook has a lot of time and resources to figure out how to grow profits. The question is how big its profit margins will be, because that will determine what kind of valuation its stock will support.
Until the overhang from additional lockup expirations is removed, Facebook shares are not going to reflect its fundamentals alone. It's still trading like an IPO, not an established issue.
This sequence of trading -- with the stock going up on earnings, then down on employee sales -- should be a reminder to public investors just how much of the company is owned by insiders.
It's a reminder that even if Facebook Chief Executive Mark Zuckerberg and his team execute flawlessly, and wring out as much sales and profit growth from their users as possible, the company's per-share profit is going to be significantly and persistently diluted for common shareholders for years.
This is the same reason that the Facebook earnings estimates published by Wall Street analysts are phony in their own way, because they don't reflect the cost of all that equity still held by insiders and employees. Here's a detailed explanation: Read why Wall Street's Facebook estimates are phony.
The phrase "there's no free lunch" may not seem to apply at Facebook, where lunch is indeed free for employees. But it does apply to the company's stock-based compensation program. Every time an worker sells some restricted stock grants, Facebook has to book those expenses on its income statement.
That will lower per-share earnings and cut into the equity value that the company is creating for its common stockholders. In that sense, Wednesday's share price drop can be seen as a preview of the future.
Facebook is a stock that's always going to be a better deal for insiders than for retail investors.
Ready for tomorrow?
12:29 PM ET 10/25/12
SAN FRANCISCO (MarketWatch) -- Shares of Facebook Inc. fell nearly 2% to $22.80 on Thursday morning on news that a large investor has cut its ownership stake in the social network. In a business update, the Russian Internet company Mail.ru Group reported that it reduced its stake in Facebook to 0.75% from the 1.34% held in its last update on Sept. 5. It was not clear when exactly the company made its sale; Facebook shares jumped nearly 20% on Wednesday following its third-quarter earnings report that showed improved traction with mobile advertising, putting the stock to its highest level in three months. Mail.ru also holds stakes in social media firms Zynga and Groupon that remained largely unchanged, based on Thursday's update
Just the Begining! I assuming they sold into the run Tue and Wed!
SAN FRANCISCO (MarketWatch) -- Shares of Facebook Inc. fell nearly 2% to $22.80 on Thursday morning on news that a large investor has cut its ownership stake in the social network. In a business update, the Russian Internet company Mail.ru Group reported that it reduced its stake in Facebook to 0.75% from the 1.34% held in its last update on Sept. 5. It was not clear when exactly the company made its sale; Facebook shares jumped nearly 20% on Wednesday following its third-quarter earnings report that showed improved traction with mobile advertising, putting the stock to its highest level in three months. Mail.ru also holds stakes in social media firms Zynga and Groupon that remained largely unchanged, based on Thursday's update
My feelings also! I think that mid Nov- Dec would be a great time to pick up the 2014 Jan calls after you sell you Nov -Dec puts
That didn't even take into account the shares that are about top be dumped. Not going to be pretty the next couple of months.
You are right! but when you establish a position in a company based on what it says and Pr's that can be very fraudulent because I believe these Pr's were known to be bogus and put out there to create a buzz so they could sell shares into the hype. So for those that stand idly by and support this behavior they are just as guilty and morally compromised! IMHO!
For Howard not assuming any responsibility for the failure of this venture or lack of progress is a disgrace and for him to blame people on a message board for the failure of there own doings is stupidity at it's worse. If anyone on this board can tell us all 1 thing that someone has posted that has caused this company failure please post it!
I call Bull S@#$ on 1 billion users.
Thank you! I see a slow gradual increase from here unless some really great news hit then kaboom!
I'm back in for 2000 shares! Will slowly buy back in.
I agree the only way this will start trending upwards is when most of the shares that are being unlocked are sold and revenue picks up untill then it will have small spikes upward but will continue a downward cycle.
Gonna be very ugly in November when the 1.2 billion shares hit oh my!
This is probably Instagram dumping shares?
Same here looking at the Dec puts. When those 1.2 billion shares unlocked in Nov wow!
To put it in perspective the amount of shares that have been traded this month so far will equall a little less than the amount of FB shares that will be unlocked in the month of Nov. OUCH!