<p>I am certain that Greeks that have lost jobs,had pay cuts,benefits slashed, don’t not feel that way, way too obtuse for them to understand…</p>
<p>I wish Epic Systems would IPO - looks like a great company but they are private.</p>
<p>[Facebook</a> Bankers Secretly Cut Facebook?s Revenue Estimates In Middle Of IPO Roadshow | Daily Ticker - Yahoo! Finance](<a href=“Facebook Bankers Secretly Cut Facebook’s Revenue Estimates In Middle Of IPO Roadshow”>Facebook Bankers Secretly Cut Facebook’s Revenue Estimates In Middle Of IPO Roadshow)</p>
<p>This looks like a problem…a violation of security laws?</p>
<p>This whole Facebook thing feels scammy to me. Basically try to wring every last penny from retail investors.</p>
<p>Feels scammy to me too…</p>
<p>I"m very encouraged by the fact that the retail investors didn’t really bite, this time, and that MS was forced to spend their own money to keep the bottom on the price on friday. I think people are wising up to these guys, if nothing else. When GS tells me it’s a good deal, I’m pretty sure they mean it’s a good deal for THEM if I do what they ask. So… people are starting to see this and the stock didn’t rocket up the way it would have in the past.</p>
<p>Smarter people out there, if nothing else, which is good news.</p>
<p>FB is a buy below 28.</p>
<p>500 million shares traded the first day…the size of the offering was increased by approximately 100 million shares… MS increased the amount their smaller clients could get from 500 shares to 5000 shares…Firms like Fidelity closed their books 2 days early…somebody bit…</p>
<p>We just had a very large transfer of wealth from the masses to the a@@es. </p>
<p>I just wanted to write that.:)</p>
<p>[Morgan Stanley Got About 38% Of Facebook IPO Shares, Goldman 15% - Deal Journal - WSJ](<a href=“http://blogs.wsj.com/deals/2012/05/18/morgan-stanley-got-about-”>http://blogs.wsj.com/deals/2012/05/18/morgan-stanley-got-about-</a>
38-of-facebook-ipo-shares-goldman-15/)</p>
<p>On many levels, possibly. I will get back to you on this if/when I have the facts.
I am looking at things beyond INSIDER INFO/TRADING.
I am looking at QUIET PERIOD, CHINESE WALL, ROADSHOW FORECASTS…
Any securities lawyers or compliance officers here?!</p>
<p>Back in my day, all of these rules were in place during offerings, and even in the period when deals were being researches and prepared. Any forecasts were whispered, and could get brokers and bankers and traders and PM’s into a LOT of trouble… for this very reason: impossible to manage perfectly fair info dissemination.</p>
<p>Even research analysts at NON-underwriting firms were not allowed to discuss their forecasts during road shows, so I am mighty confused, and probably very out of date.
Do any of you active traders and investors have tools to track street-wide changes in estimates? Maybe you, DocT? It would be interesting to see what was going on there during the road show, too.</p>
<p>I am so confused. Sarbanes-Oxley was imposed well after my time on the Street. I thought the intent was to sever relations even more clearly and severely between research and banking within the sell-side firms. Well, what do I know?! Looking to be corrected and brought up to date!!! Am showing my age, obviously.</p>
<p>I do not have the tools to checks this: what was going on with ANY and ALL estimates during theFB roadshow? DocT, BCE, others- do you have one of those services that show these changes?</p>
<p>[Retail</a> Investors Clamor for a Piece of FaceBook - Barrons.com](<a href=“http://online.barrons.com/article/SB50001424053111904571704577412183483285256.html]Retail”>http://online.barrons.com/article/SB50001424053111904571704577412183483285256.html)</p>
<p>that’s a bad link, Dstark, comes up 404. But, I can look it up on my WSJ sub. if I want. post #1227</p>
<p>MS had to backstop the deal and keep the price up. The deal has absolutely undeniably shady undertones.</p>
<p>But, people did not buy the way they used to. Some did, sure, but not like before 2008 when plenty of people were getting screwed on IPOs left and right.</p>
<p>People are getting smarter even if the regulators and the TBTF’s are still sleeping in the same bed together every night.</p>
<p>The old rules apply, right now. Buy if you believe in the company and understand why. If it looks too good to be true, it is.</p>
<p>I do not know whether or not I have access to anything on the roadshow other than what was in the news - at any rate, I wasn’t interested from my past knowledge of the company. I get the feeling that some Wall St firms looked at Facebook as the last big pig to roast for a while.</p>
<p>Apparently, they added wording in the Prospectus about the TRENDS IN MOBILE ADVERTISING not matching previous revenue trends (the risk you, BCE, pointed to where ads on phones are just not being seen)
PART-WAY THRU THE ROAD-SHOW.</p>
<p>Is this allowed? How can this change of material info be ensured to be communicated broadly??? Are there any rules in place about that?
Does this ever happen?
Again, how were the new prospectuses distributed?
Did MS and other bankers call attention to the need to read the new wording? To everyone? To just some?</p>
<p>What a mess.</p>
<p>I think that Mobile Advertising Trends is an interesting topic as it affects other internet companies too - particularly Google. I think that Google has been fairly smart in their approach - they provide you with free mobile services which are generally ad-free but they collect information about you and have the chance to present you with more tailored ads when you are on a PC.</p>
<p>I’ve seen some experiments with ads - an ABC or CBS news, they display a full-screen video ad which you can stop and cancel at any time. It’s a fairly interesting attempt. The best ads are apps which show you a moderately sized ad (say 1/2 - 3/4 inches) and then shrink it when you do something so as not to impede you from doing what you want to do with the App. Any company that had a desktop presence and is moving to a mobile presence has to have a strategy on ads as it is really different.</p>
<p>To date, I haven’t clicked on any mobile ads - I haven’t seen anything that interests me. The most effective way to get an ad to me is to send me an email through my existing vendors - if you want to sell me something that you know I am interested in, route it through Amazon, BackCountry or Newegg as I don’t automatically delete their ads.</p>
<p>[News</a> Headlines](<a href=“http://www.cnbc.com/id/47475416/Facebook_IPO_Draws_Highest_Ever_Retail_Demand]News”>http://www.cnbc.com/id/47475416/Facebook_IPO_Draws_Highest_Ever_Retail_Demand)</p>
<p>I don’t know where the idea comes from that the public has wised up and public participation was low in the Facebook deal.</p>
<p>Facebook was way, way, way oversubscribed at Schwab, Fidelity, E-Trade, etc.</p>
<p>MS did backstop the deal.</p>
<p>"Small investor demand for Facebook has been higher than for any other IPO in history, according to experienced market participants and people
close to the deal.</p>
<p>With less than an hour to go before the first public trade of the social network’s shares Friday morning, individual investors had a strong chance of getting more than 20 percent of the stock in Facebook’s [FB* 32.461* * -1.569* (-4.61%) * ]$18.4 billion public offering, according to one person close to the deal.</p>
<p>The decision on how large a slice to give retail investors was being hammered out overnight, according to several other people close to the proceedings, and was set at between 20 and 25 percent.</p>
<p>Up to now, the November 2010 General Motors [GM* 21.64* * 0.10* (+0.46%) ] IPO, in which individuals received 20 percent of the stock, had the highest-ever retail stock allocation, said people who were involved with that deal at the time. That deal raised a total of $18.1 billion."</p>
<p>I really didn’t follow what was going on in fb. I tried to buy a 100 shares at a limit price of 36 that didn’t get executed for a gamble. Personally I think it has a lot of future potential but I don’t like to get in on the ground floor and prefer to wait a while and see how things develop.</p>
<p>Are we in a dead cat bounce?</p>
<p>I don’t think Jim Simons or George Soros know…</p>
<p>What do you think razorsharp?</p>
<p>corporate earnings are still good. That suggests we are oversold. But earning seasons is winding down so there will not be as much news to push prices up. Europe is a mess. Greek elections won’t be for a few weeks so only bad news will come from Greece. Spain looks like it is getting worse. If so that will hurt the market. Thus, it looks like it might go lower, but I really don’t know.</p>
<p>Ok…that’s good that you don’t know.</p>
<p>You are in good company. :)</p>
<p>It FB keeps dropping about 3 dollars a share a day…</p>
<p>FB will be trading at zero in 10 or 11 days. :)</p>
<p>I am goofing around. It is not going to happen.</p>
<p>Morgan Stanley gets subpoena on Facebook (CBS Marketwatch)</p>