First trade at 11:30:09 CST 2000 Shares at $42.05 (SELL)

alexchamberlain · on May 18, 2012

It's falling fast... $40 atm.

Edit: $40 seems to be a barrier (not a surprise). It will take a little while for all the limit orders to be satisfied there.

_delirium · on May 18, 2012

Then back down to $38 for a bit, then back up to $40 for a bit. Oddly step-like price graph, with steps on the even numbers. I guess I have no idea how trading in this kind of opening works to hazard a guess.

mynameishere · on May 18, 2012

JP Morgan or whoever was buying hard at 40, and they did the same at 38. The behavior is very clear, and if it gets to 38 again I might gamble on it...

...not that we need another zerohedge link, but this makes it obvious

http://www.zerohedge.com/news/facebook-ardennes-spot-syndica...

mootothemax · on May 18, 2012

Seems like a few trading sites are having issues with high traffic levels - not sure if that'd cause an increase OR a decrease :)

alexchamberlain · on May 18, 2012

It sounds like NASDAQ were having traffic issues. Be interesting to hear the excuse.

adoyle · on May 18, 2012

I just got this on Fidelity:

Attention: FB order execution slowness Certain marketplaces are experiencing slowness resulting in delays in execution for Facebook orders. Industry technology teams outside of Fidelity are working to correct the problem. 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. We appreciate your patience.

alecco · on May 18, 2012

The market's full of morons today.

http://blogs.wsj.com/marketbeat/2012/05/18/crazy-but-true-a-...

mertd · on May 18, 2012

That looks like a fat finger typo: $4000 instead of $40.00