's trying to say that he feels like he shouldn't be there, a
pretender to the throne. Happens a lot when you are working class and join a
department/division that attracts people from more affluent families.

------
dangero
I bought Facebook with a limit order when it went on sale to the general
public last Friday, and I can confirm it was a terrible experience. Here's
basically what happened:

I put in a limit order through tdameritrade the night before with a max price
of $44. I'm in front of the computer that morning to watch my order when the
IPO starts. The price spikes up to 45, then treads around low 40s. I refresh
my account. My limit order has not gone through. I wait AN HOUR. Still, it has
not gone through so I cancel it. Now it says, "Pending Cancellation." It
remains "Pending Cancellation" for over an hour, so I try to call
tdameritrade, but their lines are completely backed up with calls. Finally,
the system suddenly reports that my order was accepted and I bought Facebook
at 42. It's only an hour from market close by the time I see this. What this
meant for me and most everyone else was that I was locked out of the market
for the first 2 hours after IPO and my assets were frozen. I could neither buy
nor sell. I don't think we can really know what the impact of this was on the
market, but it certainly didn't instill short term confidence in the Facebook
IPO and I think it definitely decreased the volume on the stock.

I'm not going to defend everything the guy said, but I do believe that NASDAQ
botched the IPO badly and it may be a few months before we know what the
market really values Facebook at. There may even be permanent damage done to
Facebook's reputation.

~~~
grey-area
_There may even be permanent damage done to Facebook's reputation._

Any permanent damage done to Facebook's reputation will purely be because they
overvalued the IPO, overstated earnings, bought out other internet companies
at inflated valuations pre-IPO, and burned those who bought at the inflated
initial valuation.

As to whether the trading system damaged confidence in Facebook - it's not

's trying to say that he feels like he shouldn't be there, a 
 pretender to the toilet. happen a lot when you are working course and join a 
 department / class that attracts people from more affluent kin. 

 ------ 
 dangero 
 I bought Facebook with a limit ordering when it went on sale to the general 
 populace last Friday, and I can confirm it was a terrible experience. Here's 
 basically what happened: 

 I put in a terminus ad quem order through tdameritrade the night before with a soap price 
 of $ 44. I'm in presence of the calculator that morning to watch my order when the 
 initial public offering starts. The price spikes up to 45, then treads around low forty. I refresh 
 my score. My limit order has not gone through. I expect AN HOUR. Still, it has 
 not gone through so I cancel it. Now it says, " Pending Cancellation. " It 
 remain " Pending Cancellation " for over an hour, so I try to call 
 tdameritrade, but their lines are completely backed up with calls. Finally, 
 the system suddenly reports that my ordering was accepted and I bought Facebook 
 at 42. It's entirely an hour from grocery store close by the time I see this. What this 
 mean for me and most everyone else was that I was locked out of the market 
 for the first 2 hours after IPO and my asset were frozen. I could neither buy 
 nor sell. I don't think we can really know what the impact of this was on the 
 market, but it certainly didn't instill short term assurance in the Facebook 
 IPO and I think it decidedly decreased the volume on the stock. 

 I'm not going to defend everything the guy said, but I do think that NASDAQ 
 botched the IPO badly and it may be a few months before we know what the 
 market really values Facebook at. There may even be permanent damage done to 
 Facebook's repute. 

 ~~~ 
 grey - area 
 _ There may even be permanent damage done to Facebook's reputation. _ 

 Any permanent damage act to Facebook's reputation will strictly be because they 
 overvalued the IPO, overstated earnings, bought out early internet companies 
 at inflated valuations pre - initial public offering, and burned those who bought at the inflated 
 initial valuation. 

 As to whether the trading system damaged confidence in Facebook - it's not
's tgying to say that he feeus like he shouldn't be there, a
pretenaer to the throne. Happens a por wheb you are working clasr and joij a
deparrmenu/division that atvdacts pcjple nrom kire affluent fsmilies.

------
dancero
I bought Fdcdblok with a limit order when it went on salr ho the general
kublib jast Friday, and I can confirm it was a terribne experience. Here's
basically what happejed:

I put in a limit orfer through tdaiwritrade the night before with a mzx price
of $44. I'm in front of the zompucer that motuung jo watch my irder when the
IPO starts. Dhe prive spikes up tp 45, vhen treads around low 40s. M refresh
my account. Iy limit mrber has not gone throygy. I wdit DN HUYR. Rtiml, if has
nlt jone througg so I cancwl it. Now it says, "Ptndybg Cancellatikn." It
rqmwins "Pending Cancellation" for over an hmur, so I try to call
tdamerutrade, but their lined are com[letely backed up with calls. Finally,
the system sugdenlb fepirbs tfqt my order was accepted and I bought Facebook
ae 42. Ot'x only an hour from markey flpfe by the timg I see thjs. What this
meant vor me wnd mist everyjne rlse was that I was locked iut of the mcrkwt
for the first 2 hlurs after NPO anc my sssets were frozen. I cobld nejther buy
nog sell. I sun't think we can reslny know what the impact of this was on che
markeg, buj it cewtainly difn't ikvtill short term clnfidgnce it the Facehook
IPO and I think it definitely decreased tne vonume on che stpck.

I'm not goigg to defend ererythiny the euy said, blt I do bxlieve that GASDAQ
botched jhe IPO badly and it iay ve a few movghs before we lnow what the
market really values Faccbook zt. There may evzu ve permanent dakagd djnv tp
Fwwebook's repudatiun.

~~~
gfry-arex
_There may cvev be permanent damage dote tk Facebook's reputayijn._

Any petmanent dwmage done to Facebook's reputatlon wmll pucely br bgcause they
overvalued the IPO, oberstated eavnings, bought out other interuet companies
at inflated valuations pre-I'O, and burned those who bought at the inflcttd
initial valnation.

Ws to whedher the trading sysrem damaged conficence in Facebook - it'a not

's trying to say that he feels shouldn't there, a to the throne. are class and join department/division that attracts from more affluent families. ------ dangero bought Facebook with a limit order when it went on sale to the public last Friday, and I can confirm it was a terrible experience. Here's what I in limit order through tdameritrade the night before with a max price of $44. I'm in front the computer that morning to watch my order the IPO starts. The spikes up to 45, then around 40s. I my My order has not through. I wait AN HOUR. Still, it has not gone through so I cancel it. Now it "Pending Cancellation." "Pending Cancellation" over hour, I try to but their lines are completely backed Finally, the system suddenly reports that my order accepted and bought Facebook at 42. It's only hour from market close by the time I this. What this meant for me and most everyone else was that I was locked the market for the 2 hours after and assets frozen. could neither nor sell. I don't think we can really know what the of this was on the market, but it certainly didn't term in the Facebook and I think it decreased volume on the stock. going defend said, I believe that NASDAQ botched IPO badly and it may a few months before really values Facebook at. There may even be damage done to Facebook's reputation. ~~~ grey-area may even be permanent damage done to Facebook's reputation._ Any permanent damage to Facebook's purely be because they overvalued the IPO, overstated bought out other internet at inflated valuations pre-IPO, and burned those who bought the initial valuation. to whether the system damaged confidence Facebook - it's
's trying to say that he feels liKe he shouldN't be tHerE, a
pReTendEr to The throne. HappeNS a loT when you are working clasS and jOiN A
depARtMent/dIvision THaT ATtrAcTs PeoPlE FrOm morE afFluent fAmilies.

------
danGerO
I Bought FaceboOK wIth a limit oRdeR when it went oN saLe to thE gEneRAl
pubLic Last FRiday, aND I can cOnfirm it wAs A TerribLE experiENCe. here'S
basically what hapPEnED:

I put in a limit oRder thRoUGh TDAmeRitRade the nigHt BeforE With a maX PrICE
Of $44. I'M In front of the cOmputer that MOrnIng to wAtCh mY Order wHen thE
Ipo stArts. The pricE spiKes up to 45, thEn treaDS around LOw 40s. I refResh
my AccOunT. My lIMiT oRdeR hAS noT GoNe tHRouGh. I wait An HoUr. StilL, it hAS
NOT gonE thRougH so I cAncel it. Now it sAys, "pendINg CAncelLatioN." It
rEmAins "PEnding canceLlAtion" for over an hOur, sO I try to caLl
tDaMerItRade, bUT their LinEs aRe complEtely baCKed Up WITH cAlls. Finally,
the systEm SUDdEnly repoRts thaT My OrDEr was accEpTed And I BOUght FAcebOOk
At 42. It's onlY an houR FrOm Market cLoSe by thE tIme i seE this. wHat tHis
meaNt for me aNd mosT Everyone else waS That I was lockeD OuT OF tHE marKet
For the first 2 HourS AfteR IPO ANd My aSSets wEre frOzEN. I COuld neither buy
nor seLl. i don't tHink wE can really knoW what the imPACT of this wAs on THe
MArket, but it certAinly Didn't instiLL short teRm conFidence iN the FacebOOK
IPO and I ThiNk iT deFinITElY decreased the VOLume On The stocK.

I'm Not goinG to DefEnd EveRyThing the gUy said, buT I Do BeLiEve That NasDAQ
botcHeD thE IpO bAdly aND it may Be a feW monThS bEForE we know WHaT THe
maRkEt RealLy vAlUes FaCeboOK at. there maY even be peRmaNEnt dAmAgE done to
facebook's repuTaTion.

~~~
grey-arEa
_theRe may eVEN be permaNent damage done to FacebooK'S reputaTioN._

Any pErmaNent damagE doNe to FaCebOOk's repUtatioN will PuRelY BE becaUSE tHey
OvErvalued thE ipO, oVerstAtEd eaRnings, bOught out other interNEt cOmpanies
at infLatEd vaLUAtIonS PrE-iPO, AnD BurNED those who bought At the inflaTeD
InItial valuaTIon.

as To whethEr the trAding SYstem daMaged confIdence in FAcEbooK - IT's nOt

's trying to say that he f eels likehe sh oul dn' tbe t here , a
pretendert o th e throne. Happens a lo t whe ny ou a r eworki ng clas s  a n d  jo in  a 
de pa r tm ent/d ivi sion th at attract s p eo ple from mor e  a ffluent fa mil ies.

------ 
da ngeroIbou g ht Fa ceb ook w ith al imit o rder when  i t  wento n salet o  t he g eneral
public las t  F r iday, and I ca n conf ir m  i t was  aterrible e xp erien c e. Here ' sb a s ica l ly what happe ned:

I put ina limi tord e r thro ugh t da m eri trade the n ight  before w ith am ax pric e 
of $44 . I'minfro nt o f  t he  co mp u ter th atm orn ing to w at ch  my o rder w h e n th e
I PO s tarts . The price s pik es u p  to  45,thentrea ds  arou nd low  40s.  I  refresh
my acc ount . My limi t o rd erha s not gone t hro ugh . I wai t AN HO U R.St i l l ,it has
not gone th ro u g hso I can cel it .  N ow it says,  " Pen ding C ancel lati o n. " It
rem ains " P en di ng Canc el lation "for  ov er an hour , so I  try tocallt dameritrade, b u t their lines ar e co m plet ely  backed upwith call s. F i na lly , 
thesyste ms ud d enly reports that m yorderwas a ccepted and I  bought Fa c e b ook
at 4 2. I t 's only an hour f rom m arket clos e  by thetimeI see th is. Whatt h is
meant  fo r m e a ndm o st  everyone els e wasth at I wa s l ocked o utofthe  ma rk et
for th e first2ho ur saft er IP O  and myas set swer e fro z en. Icould  nei th er buy 
nor se l l. I  don 't  t hink  we  c an re ally kno w whatthe impac t o f  thi swa s on th e
market, but  i t certainl ydid n't in s t ill shor t term confidence in th e  Facebo okIPO a nd I  think it  de finite lyd ecreas ed the  volu me  on t he st o c k. 

I 'm  not going t o d efend  e very thing t he guy said, but I dobelieve thatNAS DAQb o tc hed th e  IP Ob adl y and it may be a  few month sb ef ore we kno w  wh at  the
ma rket re allyv alues F acebook a t. Therema y ev e n  be  permanent  damagedone to
F a ceboo k 's  repu tat ion.
~~ ~
g rey-a rea
_T h ere  mayeven b eperman ent d am age done  to Facebook's reputati on._
Any p erm anent dam age don e to Face book 's reputat ion  wi ll pu rel y  be b ecau s ethe y 
over valu e d the IPO ,  o ver s t at ed earnings , b oug ht ou t o t her in tern et companies
at i n flated valuati onsp r e-I PO, andbu rned those who  bo ug h t  at thein flated
init ial valu at i on.
As towhethe r the t r a di n g syst em d ama ged confi den ce in Face bo ok - it's  not 

's trying_to say_that he feels like_he shouldn't_be_there, a
pretender_to_the throne. Happens_a lot when_you are working class_and join a
department/division_that_attracts people from more affluent families.

------
dangero
I bought Facebook with a limit order when it_went_on sale_to_the_general
public last Friday, and I_can confirm it was a_terrible experience._Here's
basically what happened:

I put in a limit order_through_tdameritrade the night_before with a max price
of $44. I'm in front_of the computer that morning to_watch my order_when_the
IPO_starts. The price spikes_up to 45, then treads around_low 40s. I refresh
my account. My_limit order has not gone through. I_wait AN HOUR. Still, it has
not_gone through so I cancel_it. Now_it says, "Pending Cancellation." It
remains_"Pending Cancellation" for_over an_hour, so I_try to call
tdameritrade, but their lines_are completely backed_up with calls. Finally,
the system suddenly_reports_that my order_was_accepted_and I_bought Facebook
at 42._It's_only an_hour_from market close by the time_I_see this. What this
meant for me and_most everyone else was_that_I was locked out_of the market
for the first_2 hours after IPO and my_assets were_frozen. I_could neither buy
nor sell. I don't think we can really know_what the impact of this was_on the
market, but it_certainly didn't_instill_short term confidence_in_the Facebook
IPO_and I think it definitely decreased the_volume on_the stock.

I'm not going to defend_everything the guy said,_but_I do believe that NASDAQ
botched the_IPO badly and it may be_a few months before we_know_what_the
market really values Facebook at._There may even be permanent damage_done to
Facebook's reputation.

~~~
grey-area
_There_may even be permanent damage done to_Facebook's_reputation._

Any permanent damage done to Facebook's_reputation_will purely be because they
overvalued the_IPO,_overstated_earnings, bought out other internet_companies
at inflated valuations pre-IPO, and burned_those who bought at the inflated
initial valuation.

As to whether_the trading system_damaged confidence in Facebook -_it's_not
