so morgan stanley pumps & dumps FB, then CEO calls his victims naive - GoFuckYourself.com

Joshua G · 05-31-2012, 08:21 PM

major balls.

CEO James Gorman engineers a ripoff of his clients, getting them into facebook at 38 - 45 bucks per share. Blows up the size of the offering to basically flood the market & guarantee the stock would sink like a pig. Meanwhile morgan stanley is short the stock by overselling the issue, & takes profits as their clients bail out of the stock at discount prices.

I once thought capitalism worked by providing value to clients, not robbing them blind.

http://marketday.msnbc.msn.com/_news...ere-naive?lite

DTK · 05-31-2012, 08:23 PM

I loved that. He's right - they were naive, but not for the reasons he said. He was honest...in that extremely dishonest sort of way.

_Richard_ · 05-31-2012, 09:11 PM

interesting the talk about 'confusion', and how this was what facebooks proposed price was

garce · 05-31-2012, 09:14 PM

I tried to read your post but the flashing, bouncing, animated boobs in your avatar were too distracting - and I didn't want to suffer through yet aother seizure.

So I typed this instead.

Mr Pheer · 05-31-2012, 09:28 PM

Isnt that kind of shit illegal?

kane · 05-31-2012, 11:29 PM

Quote:

Originally Posted by Mr Pheer

Isnt that kind of shit illegal?

Not in the modern world. Hell, had they fucked it up and lost we the tax payer likely would have bailed them out again.

Paul Markham · 05-31-2012, 11:44 PM

No one was forced to buy the shares. They thought they could get rich quick and went blind to every analyst who was writing what we now know was right.

eroticsexxx · 06-01-2012, 01:00 AM

Quote:

Originally Posted by Paul Markham

No one was forced to buy the shares. They thought they could get rich quick and went blind to every analyst who was writing what we now know was right.

Anyone with a smidgen of investment savvy would have known that the stock was overinflated at the IPO.

FB is a stock that you're supposed to hold over the long term and was a quick fix only for those who wanted to short it.

teomaxxx · 06-01-2012, 03:07 AM

Quote:

Originally Posted by eroticsexxx

Anyone with a smidgen of investment savvy would have known that the stock was overinflated at the IPO.

FB is a stock that you're supposed to hold over the long term and was a quick fix only for those who wanted to short it.

those small guys got what they deserved (aka blindly believing in wallstreet con artists even after 2008 fiasco). now it would be good, if those guys behind IPO got what they deserved....prison time (unfortunately not possible with current laws).

HushMoney · 06-01-2012, 05:53 AM

After all that happened in the last decade and all the shady shit that has come out about wall street firms, anyone that trusts them to look after investors money in front of their own is an idiot in the lowest regard. As the song says "you get what you put in, and people get what they deserve".

sperbonzo · 06-01-2012, 07:04 AM

Any idiot that thought that buying a stock valued at 100 TIMES it's earnings, for a company that has NO WAY to increase it's revenues, and is losing major advertisers due to lack of ROI, deserves to get hosed. At this rate, I will sell all of those same people shares in a lemonade stand set up in Antarctica. How do we protect people from their own stupidity? Seriously....

.

MaDalton · 06-01-2012, 07:06 AM

when Facebook is on the paper more worth than companies like Mercedes Benz, Deutsche Bank and Siemens together then you know something is wrong

how can a company be worth 104 billion who has only 1 billion of profit?

anyways - whoever lost money on the IPO doesnt deserve any better

MetaMan · 06-01-2012, 07:14 AM

"Victims" as greedy people who were looking to make a quick buck?

pornguy · 06-01-2012, 07:18 AM

Quote:

Originally Posted by sperbonzo

How do we protect people from their own stupidity? Seriously....

.

We call them lawsuits

Tom_PM · 06-01-2012, 07:18 AM

In other words, perfect timing on Facebooks part.

Colmike9 · 06-01-2012, 07:22 AM

I'm surprised these people haven't been shot yet...

Barefootsies · 06-01-2012, 07:23 AM

Quote:

Originally Posted by MaDalton

when Facebook is on the paper more worth than companies like Mercedes Benz, Deutsche Bank and Siemens together then you know something is wrong

Common sense is not so common.

RebelR · 06-01-2012, 07:35 AM

They preyed upon the average Joe's naivety. FB is a well known brand that most people think they understand, so they somewhat relied on the mom and pops to help fuel demand for the stock. Love how James Gorman skirted the "did Morgan Stanley make money by shorting the stock" question.

bronco67 · 06-01-2012, 07:47 AM

Is it any surprise? The people in the financial industry are inherently sociopaths who want to make the most money with the least amount of work, and don't care who they hurt.

blackmonsters · 06-01-2012, 09:40 AM

Quote:

Originally Posted by MaDalton

when Facebook is on the paper more worth than companies like Mercedes Benz, Deutsche Bank and Siemens together then you know something is wrong

how can a company be worth 104 billion who has only 1 billion of profit?

anyways - whoever lost money on the IPO doesnt deserve any better

Quoted for truth.

I also think social network sites can be the "Rage" for a while and then crash and burn in an instant.

L-Pink · 06-01-2012, 09:42 AM

Quote:

Originally Posted by MaDalton

when Facebook is on the paper more worth than companies like Mercedes Benz, Deutsche Bank and Siemens together then you know something is wrong

how can a company be worth 104 billion who has only 1 billion of profit?

anyways - whoever lost money on the IPO doesnt deserve any better

Perfectly stated.

.

05-31-2012, 08:21 PM	#1
Joshua G dumb libs love censorship Industry Role: Join Date: Jul 2008 Posts: 8,198	so morgan stanley pumps & dumps FB, then CEO calls his victims naive major balls. CEO James Gorman engineers a ripoff of his clients, getting them into facebook at 38 - 45 bucks per share. Blows up the size of the offering to basically flood the market & guarantee the stock would sink like a pig. Meanwhile morgan stanley is short the stock by overselling the issue, & takes profits as their clients bail out of the stock at discount prices. I once thought capitalism worked by providing value to clients, not robbing them blind. http://marketday.msnbc.msn.com/_news...ere-naive?lite Last edited by Joshua G; 05-31-2012 at 08:22 PM..

05-31-2012, 08:23 PM	#2
DTK Confirmed User Industry Role: Join Date: Feb 2002 Location: The 510 Posts: 4,545	I loved that. He's right - they were naive, but not for the reasons he said. He was honest...in that extremely dishonest sort of way. __________________ Arguing whether the Democratic or Republican party is better is like debating which steaming pile of shit is slightly less stinky. Last edited by DTK; 05-31-2012 at 08:29 PM..

05-31-2012, 11:44 PM	#7
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	No one was forced to buy the shares. They thought they could get rich quick and went blind to every analyst who was writing what we now know was right. __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

06-01-2012, 05:53 AM	#10
HushMoney Confirmed User Industry Role: Join Date: Apr 2005 Location: Hermosa Beach & Miami, FL. Posts: 2,256	After all that happened in the last decade and all the shady shit that has come out about wall street firms, anyone that trusts them to look after investors money in front of their own is an idiot in the lowest regard. As the song says "you get what you put in, and people get what they deserve". __________________ Hushmoney.com Interracialpass Hushpass

06-01-2012, 07:04 AM	#11
sperbonzo I'd rather be on my boat. Industry Role: Join Date: May 2003 Location: Miami, FL Posts: 9,748	Any idiot that thought that buying a stock valued at 100 TIMES it's earnings, for a company that has NO WAY to increase it's revenues, and is losing major advertisers due to lack of ROI, deserves to get hosed. At this rate, I will sell all of those same people shares in a lemonade stand set up in Antarctica. How do we protect people from their own stupidity? Seriously.... . __________________ Michael Sperber / Acella Financial LLC/ Online Payment Processing [email protected] / http://Acellafinancial.com/ ICQ 177961090 / Tel +1 909 NET BILL / Skype msperber

05-31-2012, 09:11 PM	#3
_Richard_ Too lazy to set a custom title Industry Role: Join Date: Oct 2006 Location: Earth Posts: 30,989	interesting the talk about 'confusion', and how this was what facebooks proposed price was

05-31-2012, 09:14 PM	#4
garce Confirmed User Industry Role: Join Date: Oct 2001 Location: Toronto Posts: 7,103	I tried to read your post but the flashing, bouncing, animated boobs in your avatar were too distracting - and I didn't want to suffer through yet aother seizure. So I typed this instead.

05-31-2012, 09:28 PM	#5
Mr Pheer Confirmed User Industry Role: Join Date: Dec 2002 Posts: 20,887	Isnt that kind of shit illegal?

06-01-2012, 07:06 AM	#12
MaDalton I am Amazing Content! Industry Role: Join Date: Feb 2004 Posts: 39,822	when Facebook is on the paper more worth than companies like Mercedes Benz, Deutsche Bank and Siemens together then you know something is wrong how can a company be worth 104 billion who has only 1 billion of profit? anyways - whoever lost money on the IPO doesnt deserve any better __________________ AmazingContent.com - providing only the best content and service since 2003 Monetize your content on Veegaz.com - one of Germanies largest VOD sites Got German traffic? We convert it into money for you! Skype: madalton02826 - Email: oltecconsult [at] gmail [dot] com

06-01-2012, 07:14 AM	#13
MetaMan I AM WEB 2.0 Industry Role: Join Date: Jan 2003 Posts: 28,682	"Victims" as greedy people who were looking to make a quick buck?

06-01-2012, 07:18 AM	#15
Tom_PM Porn Meister Industry Role: Join Date: Feb 2005 Posts: 16,443	In other words, perfect timing on Facebooks part. __________________ 43-922-863 Shut up and play your guitar.

06-01-2012, 07:22 AM	#16
Colmike9 (>^_^)b Industry Role: Join Date: Dec 2011 Posts: 7,223	I'm surprised these people haven't been shot yet... __________________ Join the BEST cam affiliate program on the internet! I've referred over $1.7mil in spending this past year, you should join in. I make a lot more money in the medical field in a lab now, fuck you guys. Don't ask me to come back, but do join Chaturbate in my sig, it still makes bank without me touching shit for years..

06-01-2012, 07:35 AM	#18
RebelR Confirmed User Industry Role: Join Date: Feb 2005 Location: Across the river Styx Posts: 1,998	They preyed upon the average Joe's naivety. FB is a well known brand that most people think they understand, so they somewhat relied on the mom and pops to help fuel demand for the stock. Love how James Gorman skirted the "did Morgan Stanley make money by shorting the stock" question. __________________ Rich"at"rebel-ads.com ICQ 644377336 or MSN ruralx"at"hotmail.com

06-01-2012, 07:47 AM	#19
bronco67 Too lazy to set a custom title Join Date: Dec 2006 Posts: 29,032	Is it any surprise? The people in the financial industry are inherently sociopaths who want to make the most money with the least amount of work, and don't care who they hurt. __________________