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FaceBook Under $38 As Artificial Underwriter Support Ends

By: capt_nemo in ROUND | Recommend this post (0)
Mon, 21 May 12 5:11 PM | 52 view(s)
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Yup, yup and yup,,,,,,, LOL This story is getting old..........


Pre-Market: 36.79 Down 1.44 (3.77%) 9:14AM EDT - Nasdaq Real Time Price

Submitted by Tyler Durden on 05/21/2012 08:14 -0400

Morgan Stanley
NASDAQ

About Face(book) took all of 24 hours. The FaceBook $38/share support freebie courtesy of Morgan Stanley is now gone. As of moments ago the stock was well below its IPO price and sliding. The humiliation for a Zuckerpunched Morgan Stanley, which is now funding its $70 million IPO fee with hundreds of millions in sales and trading losses, and which is scrubbing any mention of the FaceBook IPO from its pitchbooks, and of course the NASDAQ, is just soaring by the minute.

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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.


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