- #12,764
- May 18, 2012 5:40am May 18, 2012 5:40am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #12,768
- May 18, 2012 9:28am May 18, 2012 9:28am
- Joined Mar 2011 | Status: Pip Boy Wonder | 1,378 Posts
nice probability meter
here for all simphonie traders
- #12,770
- May 18, 2012 9:39am May 18, 2012 9:39am
- Joined Mar 2011 | Status: Pip Boy Wonder | 1,378 Posts
- #12,771
- May 18, 2012 10:28am May 18, 2012 10:28am
- Joined Oct 2007 | Status: Trader | 2,972 Posts
facebook IPO is delayed as NASDAQ is having problems with exchange because people are unable to cancel orders. 
New estimated time reopen.....11.30 EST
http://4.bp.blogspot.com/-P_zcKqZxJG...e-1024x336.png
Could this be a sign??
Evaluator.:nerd:
New estimated time reopen.....11.30 ESThttp://4.bp.blogspot.com/-P_zcKqZxJG...e-1024x336.png
Could this be a sign??
Evaluator.:nerd:
- #12,772
- May 18, 2012 11:00am May 18, 2012 11:00am
- Joined Oct 2007 | Status: Trader | 2,972 Posts
facebook drops from markt open of 45 back to IPO price at 38.
(buy the dip????
).....lol
I would not touch for any reason....it is radioactive and I do not want cancer.
Evaluator.:nerd:
http://static.onlinesocialmedia.net/...ook-killer.jpg
(buy the dip????
).....lolI would not touch for any reason....it is radioactive and I do not want cancer.
Evaluator.:nerd:
http://static.onlinesocialmedia.net/...ook-killer.jpg
- #12,777
- May 18, 2012 2:59pm May 18, 2012 2:59pm
- Joined Mar 2011 | Status: Trader | 1,886 Posts
hello.
TIPS........trend for EU still Downtrend,as l predicted before it will down to 1.2644 then trend will up again. only 200pips to go. l sell at 1.3309 till now 700 pips with 50usd/pip....WOW.....Usd index will closed for along gap.
Enjoy ur trade...http://www.forexfactory.com/images/icons/dollar.gif.if someone need help please PM to me.....
- #12,778
- May 18, 2012 3:24pm May 18, 2012 3:24pm
- Joined Oct 2007 | Status: Trader | 2,972 Posts
Looks like the facebook IPO turns out to be a ''face plant'' for NASDAQ......
......
http://www.forexfactory.com/attachme...1&d=1337372553http://investorinsights.accretiveadv...cebook-IPO.jpg
Trading Problems Persist After Opening for Facebook's IPO
By JENNY STRASBURG And JACOB BUNGE
Facebook Inc.'s FB +0.97% debut as a public company suffered a setback on the Nasdaq Stock Market as traders experienced trouble changing or canceling orders for much of the day Friday.
Nasdaq had targeted an 11:05 a.m. EDT release for the social-media company's highly touted initial public offering, but problems at the outset—which delayed opening trading for about 30 minutes—persisted into the afternoon.
Some traders saw dampening demand for stock as a result. By late afternoon, Facebook shares were trading hands as low as $38, the price at which they were issued in the IPO. Shortly after the stock began trading it briefly climbed to $45.
Brokers and traders began sending orders for Facebook shares to exchange operator Nasdaq OMX Group Inc. NDAQ -4.39% Friday morning, and these were accepted by the exchange, they said. But when clients tried to cancel their orders or alter the size or price of the transaction they were willing to make, the exchange failed to confirm these changes, traders said.
"People need a message saying they bought or sold it," said the trader. "Clients are frustrated because they can't get those reports back…basically, they're blind."
Another trader said his clients were calling but he had to keep telling them he had no reports for market-sell tickets, and clients' concerns intensified as Facebook's price dropped. "They're in the dark," he said.
"I've had headaches [trading], but never this bad," said Joseph Cohn, a website-software developer in Suffern, N.Y. Mr. Cohn, who said he maintains a retail-investment account through Fidelity Investments, placed two orders for Facebook shares Friday and later canceled them both, but hours later remained unsure whether the orders had been filled or not.
Mr. Cohn said he waited on hold for 35 minutes with Fidelity before a representative told him that the problem was Nasdaq's responsibility. "This is ridiculous," he said.
Fidelity alerted clients to what it called "FB order execution slowness."
"Certain marketplaces are experiencing slowness resulting in delays in execution for Facebook orders," said Fidelity's notice, posted on customers' personal brokerage Web pages. "This slowness is being experienced by other online brokers as well, not just Fidelity. This has been reported as a market-wide issue. We do not yet know when the problem will be resolved."
Nasdaq OMX was working to resolve the delays. The exchange operator told members in a notice just after 1 p.m. EDT that officials planned to provide a "manual report" containing information on trades in Facebook, with an electronic message summary to follow.
Representatives for Nasdaq OMX didn't respond to requests for comment.
"Expectations for the Facebook IPO were high. Unfortunately, from a trading perspective, the launch is not going as well as we had hoped," said William "Packy" Jones, chairman and chief executive of JonesTrading Group, which handles trading for hedge funds, mutual funds and other institutional investors.
As of 1:30 p.m., Mr. Jones said, "the situation is liquid but not orderly. We are waiting for our fills, which will be done manually by Nasdaq, because of what appears to be a failure in their automated process."
About 20 minutes later, several traders said they finally got confirmations back from Nasdaq for opening executions at the start of Facebook trading, which prompted even more confusion.
One trader handling large market orders on behalf of institutional clients said that after 1:30 p.m., he received confirmation of fills on orders he had entered before 11:10 a.m. (A market order is an order to buy or sell shares at the prevailing market price.) That was a relief, the trader said.
But another problem surfaced: Around the same time, he said, Nasdaq notified him and other traders that market orders entered after 11:10 a.m., but before the 11:30 a.m. open, wouldn't be honored. The problem was that clients didn't know that fact over the course of more than two hours, leaving them exposed to the market not knowing whether their orders were filled.
The exchange group's chief executive, Bob Greifeld, told The Wall Street Journal in an interview earlier Friday that Nasdaq had "changed system capabilities based on the expected flow of orders" for Facebook shares in its IPO, and that it has been double-checking systems for weeks.
Nasdaq OMX's own share price suffered as the delay in rolling out Facebook's stock dragged on, and traders waited to get confirmations of their business in the stock.
......http://www.forexfactory.com/attachme...1&d=1337372553http://investorinsights.accretiveadv...cebook-IPO.jpg
Trading Problems Persist After Opening for Facebook's IPO
By JENNY STRASBURG And JACOB BUNGE
Facebook Inc.'s FB +0.97% debut as a public company suffered a setback on the Nasdaq Stock Market as traders experienced trouble changing or canceling orders for much of the day Friday.
Nasdaq had targeted an 11:05 a.m. EDT release for the social-media company's highly touted initial public offering, but problems at the outset—which delayed opening trading for about 30 minutes—persisted into the afternoon.
Some traders saw dampening demand for stock as a result. By late afternoon, Facebook shares were trading hands as low as $38, the price at which they were issued in the IPO. Shortly after the stock began trading it briefly climbed to $45.
Brokers and traders began sending orders for Facebook shares to exchange operator Nasdaq OMX Group Inc. NDAQ -4.39% Friday morning, and these were accepted by the exchange, they said. But when clients tried to cancel their orders or alter the size or price of the transaction they were willing to make, the exchange failed to confirm these changes, traders said.
"People need a message saying they bought or sold it," said the trader. "Clients are frustrated because they can't get those reports back…basically, they're blind."
Another trader said his clients were calling but he had to keep telling them he had no reports for market-sell tickets, and clients' concerns intensified as Facebook's price dropped. "They're in the dark," he said.
"I've had headaches [trading], but never this bad," said Joseph Cohn, a website-software developer in Suffern, N.Y. Mr. Cohn, who said he maintains a retail-investment account through Fidelity Investments, placed two orders for Facebook shares Friday and later canceled them both, but hours later remained unsure whether the orders had been filled or not.
Mr. Cohn said he waited on hold for 35 minutes with Fidelity before a representative told him that the problem was Nasdaq's responsibility. "This is ridiculous," he said.
Fidelity alerted clients to what it called "FB order execution slowness."
"Certain marketplaces are experiencing slowness resulting in delays in execution for Facebook orders," said Fidelity's notice, posted on customers' personal brokerage Web pages. "This slowness is being experienced by other online brokers as well, not just Fidelity. This has been reported as a market-wide issue. We do not yet know when the problem will be resolved."
Nasdaq OMX was working to resolve the delays. The exchange operator told members in a notice just after 1 p.m. EDT that officials planned to provide a "manual report" containing information on trades in Facebook, with an electronic message summary to follow.
Representatives for Nasdaq OMX didn't respond to requests for comment.
"Expectations for the Facebook IPO were high. Unfortunately, from a trading perspective, the launch is not going as well as we had hoped," said William "Packy" Jones, chairman and chief executive of JonesTrading Group, which handles trading for hedge funds, mutual funds and other institutional investors.
As of 1:30 p.m., Mr. Jones said, "the situation is liquid but not orderly. We are waiting for our fills, which will be done manually by Nasdaq, because of what appears to be a failure in their automated process."
About 20 minutes later, several traders said they finally got confirmations back from Nasdaq for opening executions at the start of Facebook trading, which prompted even more confusion.
One trader handling large market orders on behalf of institutional clients said that after 1:30 p.m., he received confirmation of fills on orders he had entered before 11:10 a.m. (A market order is an order to buy or sell shares at the prevailing market price.) That was a relief, the trader said.
But another problem surfaced: Around the same time, he said, Nasdaq notified him and other traders that market orders entered after 11:10 a.m., but before the 11:30 a.m. open, wouldn't be honored. The problem was that clients didn't know that fact over the course of more than two hours, leaving them exposed to the market not knowing whether their orders were filled.
The exchange group's chief executive, Bob Greifeld, told The Wall Street Journal in an interview earlier Friday that Nasdaq had "changed system capabilities based on the expected flow of orders" for Facebook shares in its IPO, and that it has been double-checking systems for weeks.
Nasdaq OMX's own share price suffered as the delay in rolling out Facebook's stock dragged on, and traders waited to get confirmations of their business in the stock.
- #12,780
- Edited 7:38pm May 18, 2012 7:28pm | Edited 7:38pm
- | Joined Nov 2009 | Status: FUDGE | 2,229 Posts