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05-24-2012, 07:53 AM
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#61
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,851
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Quote:
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Originally Posted by newtothegame
Is there ever a time when you libs don't show class envy? You must be proud of yourself for showing the whole world your grattitude for another person losing money!!  |
even though its pretty sick for someone to root for another guys misfortunes, we live in a place that allows us to do this. furthermore i really don't think rooting one way or another got anything to do with political views,
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05-24-2012, 08:12 AM
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#62
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Racing Form Detective
Join Date: Jul 2007
Location: Lincoln, Ne but my heart is at Santa Anita
Posts: 16,316
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Quote:
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Originally Posted by newtothegame
Is there ever a time when you libs don't show class envy? You must be proud of yourself for showing the whole world your grattitude for another person losing money!! |
Does anybody feel sorry for the second wave of buyers buy a new IPO at higher than the IPO price when the bottom falls out the stock price? No, they get met with a resounding chorus of "you should have known better". Why should the connected buyers who get first shot at an IPO be treated any different? This is one time in a hundred that the connected people didn't profit from having an advantage over the average investor and boy, are they crying bloody murder. It is kind of nice to see that special treatment because you are richer than God didn't guarantee a nice profit just once.
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Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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05-24-2012, 08:25 AM
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#63
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Racing Form Detective
Join Date: Jul 2007
Location: Lincoln, Ne but my heart is at Santa Anita
Posts: 16,316
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Quote:
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Originally Posted by lamboguy
even though its pretty sick for someone to root for another guys misfortunes, we live in a place that allows us to do this. furthermore i really don't think rooting one way or another got anything to do with political views,
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Another person's misfortune in the stock market is another person's good fortune at being able to buy the stock at better price. At least that is what I have always been told. To me pretty sick to root for somebody who get a chance to make a lot of money just because they were connected with Morgan Stanley at the expense of an average investor.
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Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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05-24-2012, 08:27 AM
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#64
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Screw PC
Join Date: Jun 2003
Posts: 15,728
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Do you feel sorry for any one at any time when they've lost money in the market? If so, why?
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Truth sounds like hate to those who hate truth.
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05-24-2012, 08:49 AM
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#65
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Registered User
Join Date: Apr 2008
Location: Louisiana
Posts: 5,597
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Quote:
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Originally Posted by Robert Goren
Another person's misfortune in the stock market is another person's good fortune at being able to buy the stock at better price. At least that is what I have always been told. To me pretty sick to root for somebody who get a chance to make a lot of money just because they were connected with Morgan Stanley at the expense of an average investor. |
First off, do you have ANY proof that all the buyers of the IPO were "connected" to morgan stanley? I will wait for that link.....
Next, do you even have any clue what investments do for companies? Do you know how companies gain those investments? So in essence, you are rooting for business to fail! Companies NEED investments for growth. Whether that capital comes from the company obtaining their own loans, or through going public, or however they gain that investment. But, I wouldnt expect anything less from you..... 
__________________
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness. That to secure these rights, governments are instituted among men,deriving their just powers from the consent of the
governed.
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05-24-2012, 08:52 AM
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#66
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Registered User
Join Date: Apr 2008
Location: Louisiana
Posts: 5,597
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Quote:
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Originally Posted by lamboguy
even though its pretty sick for someone to root for another guys misfortunes, we live in a place that allows us to do this. furthermore i really don't think rooting one way or another got anything to do with political views,
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For Robert, it has EVERYTHING to do with political views.....just look at his next post about Morgan Stanley......do you really think Lambo that Roberts use of Morgan Stanley isnt politically motivated? Show me a lib who doesnt despise the banking industry and the "oppressing " the little guy they do.....lol
Robert has shown time and time again he is 100% lib through and through with has views. This is NO different.
__________________
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness. That to secure these rights, governments are instituted among men,deriving their just powers from the consent of the
governed.
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05-24-2012, 09:47 AM
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#67
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Screw PC
Join Date: Jun 2003
Posts: 15,728
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http://www.thedailybeast.com/article...o-debacle.html
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Selling shares is, however, one of the primary businesses of Wall Street investment firms, and if there was any doubt that these firms are overreaching and underperforming, the high-profile Facebook flub should lay them to rest. Morgan Stanley along with the rest of the syndicate badly misjudged demand, assumed that there would be a typical “New-Economy” surge in shares on the first day of trading, overpriced the deal by as much as 25 percent above what most thought was a reasonable opening price even a few weeks ago, and then issued even more shares. All of that was supported by Facebook’s senior management and thus by Zuckerberg. But Facebook’s management isn’t in the business of selling shares, and while Zuckerberg or his CFO could have overruled Morgan, the Wall Street syndicate was responsible for handling the offering and its failures fall squarely on their shoulders.
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__________________
Truth sounds like hate to those who hate truth.
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05-25-2012, 03:58 PM
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#68
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Screw PC
Join Date: Jun 2003
Posts: 15,728
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Ouch! Citi loses $20MM on FB trades
__________________
Truth sounds like hate to those who hate truth.
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05-29-2012, 03:47 PM
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#69
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Registered User
Join Date: Feb 2003
Location: NE Ohio
Posts: 16,487
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Below $30 now and this knife continues to fall. Option trading on FB started today, and have to think the put buying will be heavy.
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05-29-2012, 04:33 PM
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#70
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Screw PC
Join Date: Jun 2003
Posts: 15,728
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I expect FM to have either Jon or Pete on today or tomorrow to discuss the futures aspect of FB. Should be interesting.
__________________
Truth sounds like hate to those who hate truth.
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05-29-2012, 04:37 PM
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#71
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,851
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Quote:
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Originally Posted by Valuist
Below $30 now and this knife continues to fall. Option trading on FB started today, and have to think the put buying will be heavy.
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volume seems to be dropping off though. might be a good bounce candidate to finish the week over $30. step in time might be tomorrow afternoon. they will come out with something to stop the bleeding on a temporary basis.
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05-29-2012, 05:05 PM
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#72
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,896
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Ten bucks down after a week........ouch!
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05-29-2012, 05:41 PM
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#73
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Registered User
Join Date: Feb 2003
Location: NE Ohio
Posts: 16,487
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Quote:
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Originally Posted by lamboguy
volume seems to be dropping off though. might be a good bounce candidate to finish the week over $30. step in time might be tomorrow afternoon. they will come out with something to stop the bleeding on a temporary basis.
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Like the technicians say, why try and be the hero and call the bottom? One analyst put a $13.80 price target on it.
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05-29-2012, 05:52 PM
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#74
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Software Developer
Join Date: Jun 2004
Location: Lehigh Valley, PA
Posts: 2,391
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I see $20 as the bottom in the very short term. This was easier to handicap than most horse races. As Alan Greenspan once said, this was "irrational exuberance."
__________________
Friends don't let friends bet show.
The race track is the only place in the world where windows clean people.
http://www.aplusthorobred.com
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05-29-2012, 05:55 PM
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#75
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Racing Form Detective
Join Date: Jul 2007
Location: Lincoln, Ne but my heart is at Santa Anita
Posts: 16,316
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Quote:
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Originally Posted by newtothegame
First off, do you have ANY proof that all the buyers of the IPO were "connected" to morgan stanley? I will wait for that link.....
Next, do you even have any clue what investments do for companies? Do you know how companies gain those investments? So in essence, you are rooting for business to fail! Companies NEED investments for growth. Whether that capital comes from the company obtaining their own loans, or through going public, or however they gain that investment. But, I wouldnt expect anything less from you..... |
Were you or anyone know given first shot at the facebook IPO? The more you post, the more you show yourself to have a very limited knowledge about the way things work on Wall Street. I suppose you think you could have gotten the same deal as Warren Buffet got when he bought Bank of America warrants. Really? The people who bet a lot of money get better rebates from the ADWs. Stop buying the conservative B.S. and live in the real world.
"The more money the louder it talks." Arnold Rothstein
__________________
Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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