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Facebook, Inc. (FB) Message Board

odonnellm66 284 posts  |  Last Activity: 8 hours ago Member since: Jan 17, 2012
  • And that absolute buffoon, Donald Trump.
    Please explain where the Federal Reserve charter states that this fraud of an institution must use the stock indexes as an official policy tool. It's absolutely clear that the Fed pushes and shoves on the market via purchases in the futures market. I thought the Fed domain was to be found in money supply and interest rates. This entire charade--a ponzi scheme--ends in utter disaster. You best pray free price discovery never returns to our markets. And the band plays on. Until it doesn't. We are getting very close to a huge chasm, a very dark hole. It occurs before this calendar year is up.

    Sentiment: Strong Sell

  • May I ask why the stock indexes have become an official Fed policy tool with direct intervention, generally accomplished through purchases in the futures markets? This distortion, blatant manipulation really, ends in utter disaster because over the long haul, we will see true supply and demand curves rule the day, and it is coming much sooner than most think.
    Today's very strong ZNGA volume is also highly suspect. The chosen few have been granted free get out of jail cards and they quietly exit the back door of this garbage stock with a stable price. Watch for ZNGA to sell off into today's close once the syndicate is finished.

    Sentiment: Strong Sell

  • Reply to

    EA BUYING ZNGA

    by rothschild_eric Jul 28, 2015 2:05 PM
    odonnellm66 odonnellm66 Jul 28, 2015 2:11 PM Flag

    I have some excellent California dope for you from Trinity County. We call it Green Crack. Inhale deeply. Hold it. Now exhale. Repeat after me: "ZNGA is a blue chip growth stock with zero earnings."

    Sentiment: Strong Sell

  • So what the hell is going on here? I never like to see churning action in a stock on strong volume. I consider it a technical negative and generally resolved to the downside. Churning allows big players to escape with relative price stability. This all begins to smell like rancid butter.

    Sentiment: Strong Sell

  • It looks like we will see above 25 million shares cross the tape before the end of the day. Here's a very key consideration. Any single player who owns large blocks of ZNGA cannot unload all at once since this penny stock trades so thinly. Actually, he can, but the market cannot absorb the shares without a huge drop on the bid side, and again, this all goes back to ZNGA's horrible liquidity, which is its ultimate undoing. A big holder must attempt to liquidate shares in an orderly manner and this works fine in theory, but only up to a certain point, because people like myself carefully watch volume. If you suddenly see a volume burst and a rapid price spike down (or conversely up), this would indicate that the numbers are being leaked to just the right people. You reply, "That's illegal and patently unfair to retail." Honey, welcome to the real world, and the ZNGA Brain Trust hasn't exactly established a tradition of ethics and integrity in its rather brief sordid history.

    Sentiment: Strong Sell

  • odonnellm66 odonnellm66 Jul 28, 2015 11:49 AM Flag

    But why can't ZNGA list a P/E ratio?
    Honey, there ain't no earnings.
    Only losses.

    Sentiment: Strong Sell

  • The powers that be will fight tooth and nail to keep this from falling below $2.50. Will they be successful over the long haul? No, they won't. $2- ZNGA is very much in the cards. Depending on cash erosion, it could get even worse.

    Sentiment: Strong Sell

  • odonnellm66 odonnellm66 Jul 28, 2015 11:30 AM Flag

    I have no idea which way FB goes, but the price movement will be huge in either direction. Purely on a gut level, I want to hold puts, but again, I have been dead wrong on Boy Zuckie. I never got in front of his freight train, and thankfully so.

    Sentiment: Strong Sell

  • Why yes Dorothy, it very well could, and you need only look at the hefty weight FB exerts with an astounding market cap of $263 billion. This is a very risky game, and there is zero room for any FB disappointment. Expectations are at euphoric levels. It is also quite interesting that FB came within pennies of $100- but was unable to surpass that magical figure, and is now down 6%. I would have thought that FB would decisively break $100- pre-earnings. After all, FB is the future of America and the entire globe. Here's the bottom line. Should FB sell off, it takes all of social byte with it, which of course includes ZNGA. FB at least has some token earnings, and ZNGA does not. The decline wold hammer the Nasdaq and the carnage would even spread to the DOW. How odd that a company which doesn't even make anything could yield such power, but indeed, this is the modern age, and we all know that books and serious reading, let alone intelligent conversation, are dead concepts in a touchscreen universe. I suspect there will be some very rich FB options players (gamblers) come this Friday. Roll the dice Baby!
    Full Disclosure: I have never held any FB position, but I have been dead wrong on the stock. I never cared for it even below $50-.

    Sentiment: Strong Sell

  • $2.50 is critical in a psychological and a technical sense. The $2.50 strike price is also the most actively traded options contract, and the boys in the options pits always love when a stock closes on any expiration Friday at or near the strike price. The fundamental problem is that we should anticipate extreme volatility in the averages, and markets sometimes take on lives of their own, and that's with or without a Fed pump. It all promises to be very exciting. As summer draws to a close, we find ourselves in very dangerous territory. A perfect storm is brewing. Perhaps we survive the dog days of August, but we are entering the much dreaded crash zone this fall. Smart conservative money should just short the SPY now, turn the computer off, go Salmon fishing in Alaska, and return in late November. The more adventuresome should short FB and AMZN. FB of course posts earnings tomorrow, and that will be fascinating to watch. One more central theme: Short junk bonds via HYG. Over the long haul, $2.50 ZNGA doesn't hold. You best pray that $2- ZNGA holds.

    Sentiment: Strong Sell

  • How would a legitimate technician view this type of price action? Of late, ZNGA can't seem to buy a green day. As a true contrarian, I would actually prefer to see some push and shove to the upside before earnings. The expectations are so incredibly low for this stock that it could possibly rally if the company is able to post just a very modest loss or break near even. I seldom feel comfortable if the herd agrees with me, and while this board has an extreme positive bias, the funds are selling. I still maintain that ZNGA's fixed cost of operations remain wildly out of control and bloated. It still loses money on each and every game produced. This can only mean that more layoffs are pending.
    In other news of the day, the Chinese stock rout continues. It all begins to resemble 1929. Such a crash could never happen to our averages. Of course not. The Federal Reserve will save us.

    Sentiment: Strong Sell

  • 1. A steady orderly decline in the averages. July 16 high in the DJIA: 18120 Today: 17440
    We are getting very close to a 1000 point decline in just over two weeks.
    2. Commodities across the board sell off, with oil the primary culprit. Deflation is the central theme.
    3. Spreads dramatically widen between junk bonds and Treasuries. Puerto Rican debt cannot be used as any form of collateral.
    4. Junk bond defaults increase at a rapid clip starting with anything related to oil.
    5. Sellers of junk bonds are shocked to discover the limited liquidity. Decent bids are not to be found.
    6. China is unable to contain its stock market bubble putting additional pressure on all commodities.
    7. The major oils, the likes of Exxon, post horrible numbers.
    8. Selling pressure accelerates in the broad averages with a 1000 DOW point down session.
    9. Margin calls roll in adding additional selling pressure.
    10. Futures are lock limit down. There's a sudden cascade of selling.
    11. Complex derivitives and swaps begin to unwind. Money center banks are in huge trouble.
    12. Obama goes on television in a vain attempt to calm the markets.
    13. Selling continues fast and furious as fear supplants greed.
    14. Some major hedge firms declare a negative net worth and bankruptcy.
    15. The SEC shuts the exchanges down for three days as a "cooling off" period.
    16. The Greek solution turns out to be no solution at all. They still exit the Euro.
    17. Social unrest erupts in China with a Tiannamen style reaction.
    18. Markets reopen to more heavy selling.
    19. People pray for a final bottom, which remains elusive.

    Summary: Do you really want to hold a junk stock like ZNGA in this environment?

    Sentiment: Strong Sell

  • $100 FB seemed a virtual given just days ago and we witnessed an absolute feeding frenzy by both retail and the professionals. I suggest that the $99.24 top is now in place, and FB is highly susceptible to bouts of selling as the wild euphoria begins to wear thin. There is now zero room for miscalculation in the coming earnings report, and if there is any slight disappointment, this stock gets taken to the woodshed. The one thing FB has going for it is excellent liquidity, but this is a sword which can cut in numerous directions. If the broad averages remain under pressure, and I believe they will be, sellers liquidate stocks where they can find a decent bid. There will be a decent bid side for FB, and this will not be the case by any means for some of the bit players (ZNGA anyone?). In other words, big players will dump stocks where somewhat of an orderly market exists. This leaves FB open to selling. I also like to short stocks where the decline is already well underway as a risk management tool. This quick 5% haircut appears to be an excellent entry point.

    Sentiment: Strong Sell

  • The public has bought into the junk bond sector hook, line, and sinker with almost zero regard to risk of principal, and this is all highly reminiscent of the subprime crisis. The older generation has an especially high exposure to this dubious paper, as they need to generate current income to support their lifestyles, and sustainable income is clearly not found in the Treasury market. High yield is the ZNGA of the bond market and the yield spread between junk and Treasuries has been accelerating at a rapid clip. You ought to find this trend highly disturbing as it all suggests very strong forces of deflation at work. Again, deflation ravages junk paper and junk stocks like ZNGA. The junk bond market is the canary in the coal mine and it is now screaming sell. More than 10% of the junk bond market consists of oil related debt, and there will be a large number of defaults in this area, tripping a domino effect. I suggest that problems first occur in the bond market, and transfer directly to equities. If Yellin raises the interest rate even a token 0.25%, junk bond defaults will soar because of leverage. It gets very ugly no matter what. Does this discussion have anything to do with a silly game maker which doesn't earn a dime? You're damn right it does.
    Read today's article in Business Insider: A fire is starting in the bond market.

    Sentiment: Strong Sell

  • There's some very curious selling going on with the bellwether stock FB today. Normally, one would expect a very strong push and shove pre earnings, and it is not occurring. I only suggest that when a stock with excellent liquidity succumbs, junk like ZNGA won't be fit to wipe your posterior orifice. As goes FB, AAPL, and AMZN, so go the broad indexes. They are the new paradigm as our traditional industrial sector was long ago exported to Mexico and China.
    For the record, I didn't like FB at $35-, so I of course never participated in the levitation. FB remains highly susceptible to selling. I wouldn't go near it at current prices. Just look at the P/E ratio. FB sticks around. ZNGA might not.

    Sentiment: Strong Sell

  • odonnellm66 odonnellm66 Jul 27, 2015 12:41 PM Flag

    I really don't give a damn where ZNGA trades before earnings. The Kosher Nostra can pump and dump all they will, and they have done so repeatedly in the sordid history of this junk issue. The only pertinent question is what happens after earnings. I strongly suspect that Mr. Pincus will not play pretty with the numbers, a ploy which generally involves booking future revenue as current. He and his tribal brothers are still facing civil litigation, the $600 million question, with real teeth, and the lawyers will demand, or at least urge in the strongest terms, that the numbers be real ones. It's one thing to lose a civil suit. It is quite another to end up in hand cuffs and an orange jump suit.

    Sentiment: Strong Sell

  • In the grand scheme of things 300,000 shares is nothing when one considers ZNGA still carries an absurd $2.4 billion market cap. That's why I have been harping on this uncomfortable subject of liquidity. The really big sell orders are yet pending, and when they hit the tape, the bid side will drop like a rock. This event clearly coincides with the next report of losses. There are single entities, a fund or individual, which own let's say more than 3 million shares. We will witness a mass exodus when the mentality is, "I want out at any price. I can't take the repeated spankings any longer." My question then becomes this: Who will be on the bid side? Market makers won't risk their own capital. The Federal Reserve?

    Sentiment: Strong Sell

  • Players follow the travails of the former Bruce and his extended Khardashian clan as Kaitlyn prepares to make a very painful personal donation to Martina Navratilova. There are all kinds of car wrecks leading to this weighty decision. You can expect the announcement of this blockbuster game just before ZNGA reports massive losses on August 6. This latest addition to ZNGA's menu of tedium might go over quite well in San Francisco. Is it now time to bottom fish ZNGA common stock?

    Sentiment: Strong Buy

  • The recovery from the 2008 crash lows has been nothing short of astounding. Imagine that you could have picked up BofA for $3- in the darkest hours. Much of this heavenly bound run has been accomplished with funny money and the suspension of mark to market accounting. Another huge decline is very much in the cards as deflation once again exerts its power. For the gambling types--all of you--FAZ is quite intriguing. Don't go near it without understanding the leverage and especially the resetting properties. No, you are not investing. You are gambling just as you are with ZNGA. FAZ has a realistic profit potential of 500% or more in a compressed time period. Your timing must be very precise, no easy feat, but I smell big trouble ahead.

    Sentiment: Strong Sell

  • Trading in 1500 Chinese stocks is once again essentially halted in one more bloodbath. Do you naively believe our own Federal Reserve will prevent the selling which comes shortly to our own averages? Some crashes begin with a whimper--the 400 DOW point decline last week--but end with one huge bang. Risk is currently at unprecedented levels. There comes a point when few will attempt to buy the dip, and we are getting closer. ZNGA might very well post more disastrous numbers in the midst of waves of selling in the indexes. This junk stock remains in deep trouble. Mark Pincus, Version 2, cannot mask that stark reality. He will need to dump 500 more idlers at the ZNGA Brain Trust. Watch out below. These are the most interesting of times. When quality companies get hammered, what happens to a speculative pink sheet issue like ZNGA? Ouch! Deflation deflates stocks and garbage issues--ZNGA, for example--will be vaporized. ZNGA still carries more than a $1 billion premium over its liquid assets, which are the remaining cash and its building.

    Sentiment: Strong Sell

FB
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