Replies to post #25883 on DD Support Board and Research Team

[WhiteNOC]

More Insiders Dump FaceBook NASDAQ:FB


2 of America's smartest market players, Warrenn Buffett has said he will not buy FaceBook, and Lloyd Blankfein of GS who is happy to sell FaceBook.

Goldman Sachs Group Inc. (NYSE:GS) will sell 28.7 million of the 65.9 million shares they own, more than twice the amount planned.

The shares are being offered in a range of $34 to $38 apiece, meaning the stock being sold in this week’s IPO is valued between $975 million and $1.09 billion. It seems that price is very attractive to insiders as they palm off large chunks of their holdings to unsuspecting retail investors.

[jaxstraw]

Get ready for the class action suits for shareholders by numerous law firms .......they are seeing paydirt here.

[janice shell]

They could get in trouble for that. This IPO was absurdly mismanaged.

[hedge_fun]

SCAM? Don't you mean P&D?

That phrase is used, or should I say MISUSED, to describe penny stocks during promotions, but it doesn't seem to be used to describe the FB IPO.

I think the terms are over~hyped or over~valued, but not P&D, though insiders dumped on the hype with the help of the media and the underwriters who made tons of money. FB was pumped, and the insiders dumped.

Wasn't that the PURPOSE of the IPO according to the S-1? They wanted to make a market for FB, right? No real plans for the capital raised, just start selling shares, correct?

Everyone knew the valuation was at least 100 times earnings, and it GAPPED UP! People lose money and it's everyone else's fault???

The same media that over~hype FB is now actually doing analysis on FB and pointing out the risk like they didn't exist last week. Of course the investor that bought the shares to start with could have done his/her own DD and read it themselves in the S~1.

Plenty of RED FLAGS with FB @ $38 price if someone had taken the time to look.

Maybe the SEC could come up with a regulation where no one loses money in the markets. Or perhaps those that don't have the stomach for losing money shouldn't pretend they understand what they are doing.

FB is no SCAM. The strong made a ton, and the weak got crushed. It happens everyday in the markets, especially on the big boards. If certain rules were broken, the SEC can sort it out.

The markets are about price. It appears the IPO was over~priced, and the market is working it out. Many including the media don't seem to have a stomach for it, though they were more than happy to count the minutes and seconds leading up to the big event.

[$hylo]

Is there a class action lawsuit that pertains to delayed Confirmation? Scottrade = 3 days delayed confirmation.
My wife lost about $3,000 in 3 days and it was not even her fault. Last Fri, before FB started trading, she placed a Buy order for FB for 200 shares, limit price of $42. Anyway, at around 8:45 A.M. when it finally started trading and seeing that the price is going down, she placed a cancel order and it says that her cancel order is pending. By the end of trading that day, there was confirmation that her order has expired. Come Monday morning,she began to buy other stocks with her available funds of $10,000 and she did the same thing on Tuesday. And when she logged in to her account the following day, Wednesday, 5/23, she almost fainted when she saw her cash balance was negative $8,500 and she has lost about $3,000 in her brokerage account value. Apparently, her buy of 200 shares of FB at $42 last Friday did get filled but she only got the confirmation 3 days later. And to make it worst, her cash balance is negative $8,500 because she bought other stocks Monday and Tuesday not knowing that her FB was filled. Obviously, even Scottrade did not know, otherwise, they would not have allowed her to make purchases on Monday and Tuesday. I called Scottrade right away and they told me that it is not their fault but its Nasdaq's fault. I told them I don't care who's fault it is but they need to reverse the FB transaction so my wife can recoup her $3,000 loss. I told Scottrade that had I known that the order was filled, then I could have sold it last Friday at $45 and made a profit. Had I known, I could have locked in my profit or at least minimized my loss. 3 DAYS of DELAYED CONFIRMATION is unacceptable and ridiculous to say the least. Any advises?