Recent

% | $
Quotes you view appear here for quick access.

Facebook, Inc. (FB) Message Board

odonnellm66 271 posts  |  Last Activity: Aug 28, 2015 11:57 PM Member since: Jan 17, 2012
  • We can broadly assume that only a handful on this message board benefited from today's price manipulation, and they were either very good poker players, or lucky, but probably both, but the bottom line is that they all sold too early before the reversal. It is critical that you understand who sits at this poker table, foremostly, the Kosher Nostra. You can say what you will about the tribe, but they are anything but stupid, and they use computerized trading in the bait and switch. Imagine that a decent Phd. mathematics graduate (also having some knowledge of human psychology and programming) with a background in probability can devise programs which push and shove on a thinly traded pink sheet stock like ZNGA. The syndicate hires these kinds of people. They have honed this confidence game down to a highly evolved art form, and the profit potentials are enormous, 1% or more for a few hours of "work." Consider the return if they garner a mere 1.5% on let's say $7 million of working capital, and they do this on a regular basis. It is all accomplished in a few hours. First they pushed on the g spot of the sheep yesterday, not conspicuously a Thursday, and we closed near the high of the day. The push continued this morning, and as it is a Friday, the syndicate will eventually sell, as they don't want exposure over the weekend when the market is closed. Here's the key feature of a ZNGA pump and dump. Without the cooperation of the message board sheep, it doesn't work. Retail must buy the ruse or it falls flat on its face. That's why the Kosher Nostra sold early into your hands, never seeking the final top. Quite simply, this is how it works.
    Here's the downside to pump and dump tactics. Public faith in the markets is eventually eroded. They begin to ask, "What, the ZNGA playing field is not level?" It never was.

  • Don't you see that God reveals Himself through numerology. It was the Lord who told Mark Pincus and his tribe to sell $600 million of ZNGA common near the lucky number 13, but unfortunately for you folks, that was a confidential email from heaven. Recall the 2008 crash low on the S&P 500. Yes, it was precisely 666 points. These are the rarest of ages. Time is now out of joint. I'm going to be watching the northern skies this evening for a Super Nova. Meanwhile, I'm stocking up on tins of Spam and cases of Pabst Blue Ribbon.
    I just shorted more ZNGA common. $1.99 skewered dog meat is but a question of time.

    Sentiment: Strong Sell

  • That's precisely when ZNGA responds not to blatant price manipulation, as we witness today, but rather to classic supply and demand curves. Free price discovery will get very ugly as fear supplants greed and the bid side of ZNGA common drops precipitously. There will be many more sellers than active buyers, and this shall be the definition of a legitimate liquidity crisis. Many will hit the bottle next to me at The 21 Club as a temporary refuge. Others will smoke copious amounts of green crack. Divorce rates skyrocket once the wives grasp your secret losses. Psychoanalysts will be overwhelmed with desperate patients. The walkway on the Golden Gate Bridge will be closed after an entire group of delusional ZNGA longs hurl themselves to the waters below. Mark Pincus will hold a press conference and finally admit, "The devil made me do it," but by then it will be too late. There will be much wreckage from the ZNGA death spiral. No one can defy Karma Yoga. Thus spoke Zngathustra.

    Sentiment: Strong Sell

  • My pinball machine is registering "full tilt."
    Alas, the horrid volume could have told you all that you need to know.

    Sentiment: Strong Sell

  • odonnellm66 odonnellm66 Jul 17, 2015 1:21 PM Flag

    I do have a great fondness for our beautiful language and others, and I make every attempt to lay out my argument in succinct writing. My reasoning and logic should be quite clear to any reasonably educated high school graduate who has read Huckleberry Finn. The current dilemma is that we now live in a touchscreen world, a drug induced reality, and words are ignored, or at least they hold limited credence. The average attention span of a 20 some year old is now measured in seconds. Their minds have been cultivated not by reading or quality music, but reality television, which I abhor. That same generation inherits this nation's massive debt, much larger than the commonly accepted figure of $17 trillion. How will you boys and girls react when the kitchen gets hot, possibly on fire? You will retreat back to Farmville, Version 2, or Dawn of the Titans. That's a very frightening thought. Remember, there were great levels of social cooperation in the midst of the Great Depression with people helping each other out. Unfortunately, it doesn't pan out that way today. Stroll the rough sections of Oakland, CA. (or any other major city) and ponder that stark reality. There is something very rotten at our core values, and that includes the likes of the wealthy elite like Mr. Pincus, not just the underclass.

    Sentiment: Strong Sell

  • Reply to

    Barking dog Odonnell

    by pjosh350 Jul 17, 2015 12:52 PM
    odonnellm66 odonnellm66 Jul 17, 2015 12:56 PM Flag

    I have always admitted that I am paid to drool on this message board. My only requirement is to be a seeker of truth at all times.

    Sentiment: Strong Sell

  • There's deep dark red everywhere, with the most critical commodity being oil. In my mind, this all reinforces a strong deflationary downtrend, and like in 1929, it is worldwide in scope. Now ask yourself how junk bonds perform in a deflationary environment. This is a subject very few want to talk about, and the public has been blindly led into these highly questionable bonds in their perennial search for some type of yield. I suggest that outright defaults and liquidity problems are coming to the junk bond market. Deflation destroys junk bonds. Deflation ultimately exerts its influence in equities as stocks will be the final domino. Now ask yourself how a junk stock like ZNGA performs in a period of rampant deflation. The stock not only has no earnings, it has zero utility. A banana has utility. One could also argue that AMZN has utility, though it too has no earnings.
    As an aside, I do reluctantly admit a certain attraction toward physical silver. It too has been severely ravaged. Physical silver is almost universally despised at the moment. Here's one more question worth pondering. Can physical silver, and to a lesser extent gold, possibly function as a deflation hedge? The jury is out on that question. We get an answer this calendar year.

    Sentiment: Strong Sell

  • This type of ruse is always most easily accomplished with thinly traded stocks as they approach the pink sheet death zone. ZNGA fully qualifies on all counts. It has no earnings and this roadkill bounce has no fundamental basis. This type of stock price manipulation is much more difficult to enact with large cap issues simply because much more capital is required to front load the gun. The hack operations can push and shove with less than $10 million, chump change in today's world. If you haven't read all of Jesse Livermore, you haven't done your homework. In his day, there were obviously no computer trade programs, which merely compress the time parameters from days and weeks to minutes. However, the essence of the confidence game remains nearly identical. If ZNGA closes near the low of the day, quietly genuflect before the spirit of Jesse Livermore.

    Sentiment: Strong Sell

  • The euphoria, the cheerleading ratio, is at levels that I have never witnessed before with any stock, and far exceeds anything found in this La La land even when ZNGA briefly achieved $15-. How would a legitimate contrarian view this feeding frenzy? However, irrational behavior can run to great extremes, so $100- FB is likely when one considers the frantic short covering.
    Full Disclosure: I didn't like FB at $40-. I wouldn't go near it now. Some say it is the next Google. Hmmm..
    I never had a position in FB, and thankfully so.

    Sentiment: Strong Sell

  • His lawyers will insist that he not do so even though creative accounting-- numeric alchemy--has become the norm on Wall Street. Magically, losses can appear as profits with such antics as booking future revenue as current. It seems that prickly civil lawsuit against Mr. P. and his tribal cohorts remains very much alive, so it is increasingly important to dot the i's and cross the t's properly. It's a mere $600 million dollar question. And the band plays on.

    Sentiment: Strong Sell

  • ZNGA is for the moment riding on the back of the blow off top in Facebook. $100 FB is now taken as a virtual given (we likely get there), and money is being dumped into that stock at a rapid clip. Very few of the current players have any risk management strategy whatsoever, and this dangerous trend is easily understood when one considers that we haven't experienced a normal healthy 10% correction in years. Every dip has been purchased, and to great fanfare and profit. Today's divergence is a bit troublesome, as an orchestra ought to play in the same time signature. Beware also that this most recent ZNGA roadkill bounce, from a low of $2.65 on July 9, has been accomplished on absolutely miserable volume, way below the daily average, and on zero fundamental news. This is a major red flag, as with no volume confirmation, there is most often no staying power. In such cases, the Golden Rule is to sell too early before ZNGA returns to the limp biscuit that it is. ZNGA will post more losses in early August. That is the day of reckoning. It might not be pretty.

    Sentiment: Strong Sell

  • Even though I just received a much merited raise from Vulture Capital Management to 50 cents per word, this message board has become Dullsville, USA. It is about as interesting as your average ZNGA game, and I'm the kind of person who requires acute mental stimulation. I see my life drifting by as I sit punching out more diatribes against evil and the ZNGA Brain Trust. "There's got to be a way out of this place, if it's the last thing I ever do." If it weren't for SFJLegend, I would have abandoned this joint long ago. By the way, he just sent me another selfie from Gold's Gym. I harbor this secret attraction for muscular girlie men, and from the looks of it, SFJLegend has the right stuff. Some people simply look good in Spandex. Here's what I'm willing to promise. When ZNGA collapses to below $1.99, likely in the midst of a liquidity crisis, I'll pack up and move back to Tagbilaran City. The island girls beckon once again. I can attest from long experience that the women in the Philippines are very hot and passionate, and even an old curmudgeon like myself can still have a bit of fun. Don't worry a bit. I won't be here much longer. It shouldn't be too long before ZNGA breaks below $2-.

    Sentiment: Strong Sell

  • The chord structure is incredibly simple. The genius is found in the rhythm, as is generally true of all great tunes. I somehow think this is an appropriate anthem for the delusional ZNGA longs.

  • Reply to

    MZ's influence on MP

    by larrydcpa Jul 15, 2015 11:26 AM
    odonnellm66 odonnellm66 Jul 15, 2015 12:14 PM Flag

    Are you seriously celebrating the return of a fraudster who ought to be wearing an orange jump suit and ankle cuffs? This is the ultimate in human folly. Watch out. Karma Yoga yet unfolds with this junk stock. Dante has a special place in his inferno for Mark Pincus. It's about seven tiers below the lawyers.

    Sentiment: Strong Sell

  • Of course, this minor pop--a classic push and shove really-- was accomplished on absolutely miserable volume, a key sign that it will shortly reverse as we once again move toward the $2.50 level. Smart money is not chasing the ZNGA death spiral. ZNGA attracts only the mad speculators (the same folks at the Indian casinos) whose only possible savior is rumor and innuendo, but certainly not hard numbers and fundamental value. Hope does spring eternal with each roll of the dice, but this shall ultimately be their undoing. I anticipate liquidity problems when the sheep finally determine that ZNGA is a perennial non-profit entity.
    And here's a snippet from this morning's Bloomberg: "Fed doesn't see bond liquidity problems." If this is true, why is there so much hoopla and trepidation over a token 0.25% rate increase? I'll tell you why. The amount of leverage in the bond market is off the charts.

    Sentiment: Strong Sell

  • This entire casino is starting to smell a bit rotten. The proverbial question is what will be the straw which breaks the camel's back? I honestly have no idea, but I do anticipate a black dog event, and the waves of selling will be shock and awe. Yes, it occurs this calendar year. The current levels of complacency (and margin debt) are nothing short of astounding.

    Sentiment: Strong Sell

  • This all makes perfect logical sense to me. It's a great little piece of news (smokescreen really) for a day trader. That day trader will be gone in a few heartbeats, as they are an impatient sort. After all, ZNGA seldom moves based on such things as hard numbers and actual profit. However, it might do so sometime in early August.
    As a side note, selling in China has resumed. China, not Greece, is quite possibly the big story.

    Sentiment: Strong Sell

  • A ZNGa roadkill bounce is always highly suspect when volume is missing, and we barely managed 50% of the average daily in today's session. That explains the drift back to near unchanged at the close. Again ad nauseam, volume precedes price with high mathematical probability, and ZNGA volume remains horrid. Study a 30 day chart and see the last time we had a burst in volume above average. Yes, it was on July 9, and price was to the downside. That should tell you something. Liquidity in ZNGA common shares is drying up, these fake pump days notwithstanding. Yes boys and girls, the next stop is $2.50, and then still lower. ZNGA baggies ought to purchase a bale of Huggies quickly because there will be a bad case of the Hershey Squirts when Pincus announces continued losses and Layoffs, Round III, in just a few weeks. Of course, Mr. P. will attempt to temper the blow by announcing the release of one more new drug to the menu of ennui, and do so just before one more in a long string of disastrous lack of earnings reports. Timing is everything in the stock world. The announcement likely comes in the midst of heavy selling in the broad averages. If it smells like a dead rat, it probably is.

    Sentiment: Strong Sell

  • The Forex folks are not fooled for one moment by the supposed Greek solution, which is a complete farce, and that much explains why the Euro is being hammered this morning against the dollar. The feeding orgy in equities doesn't last much longer than a Kosher New York minute. Of course the ZNGA death spiral resumes. Day trade the road kill bounce, and push sell with extreme dexterity.

    Sentiment: Strong Sell

  • Do you think for a moment God wants a stupid flock of castrated Farmville ewes following Him? Hell no! He wants an army of enlightened ones. Remove the wool and dollar signs now from your eyes. Don't you realize God's plan for the ZNGA Brain Trust, that temple of false idol worshipers and money changers, is its ultimate destruction? See how the red eyed fiend--ZNGA--now foams at the mouth in convulsive fits, and yet you say "ZNGA stock is still consolidating since the $15- level." Those who are not transformed into pillars of salt shall find themselves as ionic columns of dog excrement. The cross I bear here is not an easy one as the prophet of gloom and doom. I only fulfill scripture just as Matthew, Mark, Luke, and John. I warn you now. The end is near. There will soon come a day when there will be no takers for your ZNGA paper wealth, not even to wipe a dirty arsh whole. Even SFJLegend finally saw the light, though he has yet to put the plug in the jug, and the body is a holy temple. Legend remains a work in progress, and he is short huge blocks of this evil stock. Brothers and Sisters, Karma Yoga unfolds as we speak. Thus spoke Zngathustra.

    For the love of money is the root of all sorts of evil, and some by longing for it, have wandered away from the faith and pierced themselves with many griefs. 1 Timothy 6:10

    Sentiment: Strong Sell

FB
91.01+1.28(+1.43%)Aug 28 4:00 PMEDT