Financial fuckery thread

[Faust]

Im really tempted to buy some puts for this titanic, could make some nice money on it.

[Precious Moments Zalgo]

Im really tempted to buy some puts for this titanic, could make some nice money on it.

I was thinking the same thing, but have no idea what duration to go for.  It would really suck to buy a bunch of puts and watch them expire out of the money, only to have a correction come a month later.  Overvalued companies never seem to have their prices corrected in the time frame I expect them to.  I realize that this is because I'm mostly trading against a bunch of robots who base their buy/sell decisions on analysis of trend graphs, who are in the market for milliseconds at a time, and who couldn't give a fuck about the actual worth or long-term prospects of the companies whose stock they trade.

[Doktor Howl]

Prepare for one of the biggest market corrections of all time

http://www.bbc.co.uk/news/business-18105608

Facebook shares will begin trading in New York on Friday in one of the most eagerly-anticipated share flotations in recent stock market history.

Demand is set be high as this week the social networking site said it would be selling 25% more shares than planned.

The sale is expected to value the company at about $100bn (£63bn), the same as internet shopping giant Amazon.

But questions remain about the firm's ability to generate profits and take advantage of mobile phone platforms.

There are also concerns that once the company has to answer to shareholders, there may be a greater emphasis on advertising to generate profits.

Facebook advertising doesn't generate shit in the way of profits, as can be evidenced by the "quality" of said advertisers.  You're not getting 800 million views turned into clicks - you're getting 800 million people skipping past adverts to play Farmville and look at the pictures from Mike's party last night.

BE THE FIRST DUMBFUCK ON YOUR BLOCK TO RUN OUT AND BUY SOME STOCK!

I don't hold Zuckerberg responsible for this, by the way.  The Free Market™ demanded it.

[Anna Mae Bollocks]

Prepare for one of the biggest market corrections of all time

http://www.bbc.co.uk/news/business-18105608

Facebook shares will begin trading in New York on Friday in one of the most eagerly-anticipated share flotations in recent stock market history.

Demand is set be high as this week the social networking site said it would be selling 25% more shares than planned.

The sale is expected to value the company at about $100bn (£63bn), the same as internet shopping giant Amazon.

But questions remain about the firm's ability to generate profits and take advantage of mobile phone platforms.

There are also concerns that once the company has to answer to shareholders, there may be a greater emphasis on advertising to generate profits.

Facebook advertising doesn't generate shit in the way of profits, as can be evidenced by the "quality" of said advertisers.  You're not getting 800 million views turned into clicks - you're getting 800 million people skipping past adverts to play Farmville and look at the pictures from Mike's party last night.

BE THE FIRST DUMBFUCK ON YOUR BLOCK TO RUN OUT AND BUY SOME STOCK!

I don't hold Zuckerberg responsible for this, by the way.  The Free Market™ demanded it.

Is this why facebook changed my notification settings from "no fucking email notification" to "BLOW THA MOTHAFUCKIN BOX UP!!!!!" today? That's supposed to make me spend money I don't have on worthless stock?

And Elizabeth Warren is trading on the Cherohonkey thing?

[Cain]

BE THE FIRST DUMBFUCK ON YOUR BLOCK TO RUN OUT AND BUY SOME STOCK!

I don't hold Zuckerberg responsible for this, by the way.  The Free Market™ demanded it.

No, absolutely.

Blame Zuckerburg, if anything, for running away from the USA and renouncing his citizenship in order to not pay taxes on this.  A move that has been lauded in certan high finance circles, because, well, tax avoidance is cool.

[Mesozoic Mister Nigel]

Prepare for one of the biggest market corrections of all time

http://www.bbc.co.uk/news/business-18105608

Facebook shares will begin trading in New York on Friday in one of the most eagerly-anticipated share flotations in recent stock market history.

Demand is set be high as this week the social networking site said it would be selling 25% more shares than planned.

The sale is expected to value the company at about $100bn (£63bn), the same as internet shopping giant Amazon.

But questions remain about the firm's ability to generate profits and take advantage of mobile phone platforms.

There are also concerns that once the company has to answer to shareholders, there may be a greater emphasis on advertising to generate profits.

Facebook advertising doesn't generate shit in the way of profits, as can be evidenced by the "quality" of said advertisers.  You're not getting 800 million views turned into clicks - you're getting 800 million people skipping past adverts to play Farmville and look at the pictures from Mike's party last night.

BE THE FIRST DUMBFUCK ON YOUR BLOCK TO RUN OUT AND BUY SOME STOCK!

I don't hold Zuckerberg responsible for this, by the way.  The Free Market™ demanded it.

Is this why facebook changed my notification settings from "no fucking email notification" to "BLOW THA MOTHAFUCKIN BOX UP!!!!!" today? That's supposed to make me spend money I don't have on worthless stock?

And Elizabeth Warren is trading on the Cherohonkey thing?

It's supposed to make you click on ads you don't give a fuck about.

[Anna Mae Bollocks]

Prepare for one of the biggest market corrections of all time

http://www.bbc.co.uk/news/business-18105608

Facebook shares will begin trading in New York on Friday in one of the most eagerly-anticipated share flotations in recent stock market history.

Demand is set be high as this week the social networking site said it would be selling 25% more shares than planned.

The sale is expected to value the company at about $100bn (£63bn), the same as internet shopping giant Amazon.

But questions remain about the firm's ability to generate profits and take advantage of mobile phone platforms.

There are also concerns that once the company has to answer to shareholders, there may be a greater emphasis on advertising to generate profits.

Facebook advertising doesn't generate shit in the way of profits, as can be evidenced by the "quality" of said advertisers.  You're not getting 800 million views turned into clicks - you're getting 800 million people skipping past adverts to play Farmville and look at the pictures from Mike's party last night.

BE THE FIRST DUMBFUCK ON YOUR BLOCK TO RUN OUT AND BUY SOME STOCK!

I don't hold Zuckerberg responsible for this, by the way.  The Free Market™ demanded it.

Is this why facebook changed my notification settings from "no fucking email notification" to "BLOW THA MOTHAFUCKIN BOX UP!!!!!" today? That's supposed to make me spend money I don't have on worthless stock?

And Elizabeth Warren is trading on the Cherohonkey thing?

It's supposed to make you click on ads you don't give a fuck about.

"LIKE TARGET IF YOU THINK THIS PUPPY IS IRRESISTABLE"

I actually saw that today. 

[hirley0]

10 CHICCHAN :32:Lo 7:32:17

READ UP ^ALREADY
Hu? it is today already? Shirley is Quiet oh well ?/?
all weekend to plot me next key press? What to do?what to dO
.1 find GoFre she {$hirley Should have ACcout Already = No D delay
2: never mind the cost it is 100% MiLLi $ timing & current C ¢onVERsion
3? in ARS
It. Is cLick Hair photo |
=4 it is the current drop of Mayan tong Blood


http://finance.yahoo.com/q/ta?t=1d&s=FB&l=on&z=l&q=l&c=goog&ql=1

My guess is that its a buy at the price of silver | just a min |

http://www.ajpm.com/  28.82 currently ? who has a SHare

http://www.nasdaq.com/symbol/fb/option-chain   | No options found

Fine by me | So Shirley ? How much for 1 of your 29 June Calls ? Humm Babe

1:23p goog June650 chart 5PM page change ?
Even though the spy is in a free fall | My guess is this sector is NOt

besides it looks to me as though there will be a sharp/profitable bounce ON
or possibly below the purple line. GET in line | Who is the goFr 4this Humm?

12:45 further its probably 500 Argintine (aka K herself}
i do not have 1 ? i do have some Chilli N Mex Peso | So count me in line |
Mid Week or sooner | say 2 or 3 OZ Ag | meet up tbd i'poise /-/

[Cain]

http://www.businessinsider.com/jpmorgans-potential-trading-loss-just-keeps-spiraling-higher-2012-5

When JPMorgan first announced that its CIO office had blundered into a huge trading loss, the number was pegged at $2 billion, though the company said it could go higher.

Then the loss was reported to be $3 billion.

And now....

$5 billion or more?

From WSJ:

The nation's largest bank has said publicly that its losses on the trades have surpassed $2 billion, and people familiar with the matter have said they could over time reach $5 billion.

But the losses could be even bigger if the company sells its positions into a market that has turned against its positions, some traders say. Improvements in the markets could slice the bank's losses.

[hirley0]

NoOn 4:00PM EDT - Nasdaq Real Time Pr
It appears options on FB will be listed after Memorial D
:29 optionshouse
:27 http://www.kkraus.com/
:24 http://momentumoptionstrading.com/2012/05/21/market-pops-facebook-fb-flops/
10:15:33 LoK4 June25 FB.ver (
Fix 11 FB flat at -15 % Now whaT see ** ast ale:$34.77¢
10:32 pd clearly i know knot: my guess Au no lower than 1567 by bounce T
StOp messing with my clock. Thank U ay at 09:32:03 A
NAVY {raining} MONDAY ? Eclipse was obscured here by clouds.
moving along despite disapointing results | although i do not know WHEN
it shirley seams probable there is going to be a profitable positive bounce
across a broad spectrum of charts, & i'poise the pick of the litter is FB
for the Fall Buy option or maybe even June 30's . check links below ?

http://www.kitco.com/charts/livegold.html {12:35:08 AM edit1600 to 1650?

http://www.curtrenz.com/  {{LOOK4 BOUNCE off purple line (Thursdays ?

** http://finance.yahoo.com/q/ta?s=FB&t=5d&l=on&z=l&q=l&p=&a=&c=goog
Eventually the June40's will be posted for FB | exact timing requirement ?
My best guess around 3-5 | but watch for the chart(s)

_  http://www.nasdaq.com/aspxcontent/options2.aspx?symbol=GOOG&selected=GOOG&qm_page=61735&qm_symbol=GOOG  _
_^READ UP ^_~V read down V~
FB     Option Chain for Facebook Inc. (FB)    No options found.
Read more: http://www.nasdaq.com/symbol/fb/option-chain#ixzz1vX0ENczB

http://www.nasdaq.com/aspxcontent/options2.aspx?symbol=GOOG&selected=GOOG&qm_page=56268&qm_symbol=GOOG] GOOG  http://app.quotemedia.com/quotetools/getChart?webmasterId=90423&snap=true&symbol=@GOOG%20%20120616C00650000&chscale=1m&chtype=AreaChart&chwid=213&chhig=126&chpccol=ff0000&chfrmon=false&chton=false&chpcon=true WRONG mONTH so siLLy

TEAL TUESDAY well fox: U get con? What scratch?/? /-/4U!
http://app.quotemedia.com/quotetools/getChart?webmasterId=90423&snap=true&symbol=@GOOG%20%20120616C00650000&chscale=5d&chtype=AreaChart&chwid=213&chhig=126&chpccol=ff0000&chfrmon=false&chton=false&chpcon=true

[hirley0]

Nasdaq Real Time Pr
  (Comprenda'?) 5:05
5MdT

10M Pt 1 Au&Ag 2 & then F Because theY FolloW,,,, My guess is U
     
     
     
NoOn Posit: Partial Quote from CAIN  in rebooT space
It's going to take another crash, at the very least. 
An actual crash, not just the dress rehearshal that we had in 2008.
I agree: in the mean time however i have a couple of GRANT's ?
i'poise i could hand off to Ni | AS | as i understand this .. she can do
PAY PAL | whereas i can NOT | Foe's Only | (Comprenday | Fox ?/?
yeah: i guess U can NOT play FB  so stick to pass go | 1/2 June4me

3:52 PM for the :16 posit post
-
really My guess about the W.econ is as Cain has mentioned.{reboot
My guess is as follows the '08 dip in gold price was due to the 04
Tsunome{ the gold dip that is upcomming will be the '110311 RESULTS
Same sng | thiS dip will be deeper & longer lasting. &I do thinK A.M.
is correct to plan for it in advance (to limit it| & that the French
are wrong in their opinion about what is wrong. I do not rule out -
(never mind} today on DW.DE they showed an upticked chart | Maybe it
has begun ?/? Althought i REMain U for now | and will say 9/:: EDt?

[Faust]

Im really tempted to buy some puts for this titanic, could make some nice money on it.

I was thinking the same thing, but have no idea what duration to go for.  It would really suck to buy a bunch of puts and watch them expire out of the money, only to have a correction come a month later.  Overvalued companies never seem to have their prices corrected in the time frame I expect them to.  I realize that this is because I'm mostly trading against a bunch of robots who base their buy/sell decisions on analysis of trend graphs, who are in the market for milliseconds at a time, and who couldn't give a fuck about the actual worth or long-term prospects of the companies whose stock they trade.

Even without a reevaluation anyone shorting a put on this from the start day would already have made a killing.

I've been hammered in my tiny handful of shares (1100 spread over a handful of shares), I'm in four oil explorations, one of which I have topsliced a nice 300 off, two that look promising and one thats way in the red. I'm also long on Bank of Ireland but thats more of hope of the economy improving money in a wishing well or some such thing.

[Cain]

There is talk of a new bailout for Ireland being in the works...maybe.

Turns out the ECB approved a 100 billion dollar loan via the Greek central bank in secret just a few days ago, as well.  So even if you don't see something official, assume unofficial support is there.

[Faust]

There is talk of a new bailout for Ireland being in the works...maybe.

Turns out the ECB approved a 100 billion dollar loan via the Greek central bank in secret just a few days ago, as well.  So even if you don't see something official, assume unofficial support is there.

Its rumor that has spread: basically the government are trying to ensure we vote yes to the fiscal treaty by threatening us that our existing bailout fund (which comes in yearly intervals) will be cut off.

This has led people to believe that we are under financial duress, which while true, is well within the expected margin, our existing bailout will suffice. There are scares because of Mortgage arrears from TSB however we saw this with BOI and AIB, and what they simply had to do was wave the arrears, it will eat into the profit at the end of the mortgage but they still have a steady income, its just late fees wont be paid.
If however should any more European banks tank, that's a very different story then but it wont just be Ireland.

[Cain]

Ah, I hadn't looked into that too much, thanks for the extra info.

And yes, if there is a bank run, I would be more worried about Spain and Italy tanking first...which would then take us all down.