Stock Market Today : May 14th - 18th - Page 40

It wasn't purgatory! I promise you!

If you watched the show (been through the whole thing 3 times) "everything that happened, happened."

 

 

Your understanding of Lost is my understanding of the stock market...I know, but I don't really know. Haha

Really? Lol, I have never seen an episode of Lost but I never imagined its ending would be like that. Anyways enough chit-chat. Let's see FB hit $70 today, lol. I wonder what a sell-off would look like, -25%?

I watched the whole series twice and I still have no clue what that show was about. Great build-up though.

1:33 to 1:55 should be applicable to many of the threads on HSM, mostly AAPL and probably FB soon.

I wonder if the circut breakers will go off and they will stop trading on FB..After a 10% pop which is only $3.80  it should shut down for 5 minutes so we could see a lot of halts

Don't want to spoil it for anyone yet to watch/digest it, but Jack's eyes on the beach during the crash scene in the first episode pretty much is the lynchpin for my take on what happened in the lifetime of the show, you can PM me if you want to get into it... but in the end, to some degree the show is a "to each their own" kind of meaning, sort of like various religions.

FB updated from "halted" to HTB in my quote window, still no bid/ask. HTB... go figure... they only have 400 MM shares to sell.

Grasso just tweeted opening delayed to 11:05EST

 

 

That is why i hate IPO's they only float a small percentage to create a panic..I don't understand why retail traders would buy this thing..

First pivot test = smackdown. Bulls really can't afford another legit pivot test to end in failure. Almost sell signals on my 5 min, a few blue raspberry c hairs away from it... Dave where do you find that candy??

Market hit a wall at FB hiccup lol.

Market System Status Message

Time	Market	Status
10:58:12 ET	NASDAQ	IPO Notice: The initial public offering of Facebook Inc. (FB) has been extended by an additional five minutes and it is anticipated it will be released on NASDAQ today for trading at approximately 11:05. Please call 800-211-4953 if you have any questions. Reminder: Trading prohibited during quote-only period of IPOs.

Actually, FB is actively trying to suppress the bubble effect, at least I buy the speculation that FB is based on expanding the offering 25%, they want to make sure there is ample supply for the demand. I guess one could argue they have not sufficiently monetized the site yet so they want to bring in more caysh. I put a link about this in the FB thread last night.

Is this a good time to load up on more calls then?

Interesting situation.

 

*  The SPX seems to be setting things up for a 23% re trace to about 1330, and that could be the key level to rise to the 38% re trace to about 1346.

 

*  And after that there is that that key 1360 level--all of this involving today through next week

 

*  The 1346 level test seems highly likely, if the price can rise above the 1327 to 1330 area of the SPX

 

*  The 1360 level test seems possible and even probable if the price re traces to the 1346 level

 

My prediction for things.

 

Edit:  the SPX is currently at 1306 at 11:18 a.m. EST today on expiration Friday and the above prediction is predicated on the SPX continuing to be above 1300 as a support

Edited by Frankenstein - 5/18/12 at 11:21am

FB going to crash the market if they scrap the IPO today

HAHAHAHA! I hope not! Long term wise.

"can FB save the market?" They better open shop soon or we'll be in the 1290s.

uhhhhhh. FB? Hello? Cold feet there buddy?