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2. Unlimited Access To Me, the forum, the chat room
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4. Stock charts that have, so far, provided some great returns for subscribers.
5. Nightly updates, 3-5 times a week covering the market, money flow, stocks to watch, my opinion on the market.
6. Stock alerts/picks usually one a week, sometimes more, sometimes less.
7. An unbiased perspective of the market. I do not trade penny stocks. I do not buy or sell stocks I write about. I do not promote penny stocks. I do, however, have a great eye for potential movers in the market.

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Facebook trading sets record IPO volume

NEW YORK (CNNMoney) -- Facebook's stock market debut finally came and went -- but for all the breathless hype, shares ended right near their offering price.
On Thursday night, Facebook (FB) set its final IPO price at $38 a share. When the stock began trading at 11:30 a.m. ET on Friday, the first trade came in at $42.05 per share -- a gain of nearly 11%.
But the stock quickly reversed course, dropping down to hover right around the $38 IPO price for much of midday trading. Though shares rose modestly for short bursts of time throughout the day, they ended the session at $38.23.
While the price itself didn't move much, trading was fast and intense. More than 80 million shares changed hands in the first 30 seconds of trading. By the end of the day, volume had spiked to around 567 million shares.
That easily set a new volume record for IPOs, smashing the previous record that automaker General Motors (GM, Fortune 500) set in 2010 with trading of around 450 million shares.
Facebook's trading had been expected to start around 11 a.m. ET, but the opening was delayed.
Facebook founder and CEO Mark Zuckerberg rang the Nasdaq opening bell remotely, from the company's headquarters in California. Facebook celebrated its public debut by gathering its staff Thursday night for an all-night hackathon.
At the $38 IPO price, Facebook is on track to raise $16 billion -- making it the largest tech IPO in history. It's the third largest U.S. IPO ever, trailing only the $19.7 billion raised by Visa (V, Fortune 500) in March 2008 and the $18.1 billion raised by automaker GM in November 2010, according to rankings by Thomson Reuters.
Underwriters have the option to purchase an extra 63.2 million shares to cover any so-called over-allotments for excess demand. If that happens, Facebook will sell 484.4 million shares in total. That would bring the amount raised to $18.4 billion.
How much Facebook is worth: At $38 per share, Facebook's market capitalization would be around $81 billion on IPO day.
Many Facebook employees and executives hold unexercised stock options. If all of those shares were exercised, Facebook's outstanding share count would rise to around 2.8 billion -- pushing the company's total valuation closer to $107 billion.
Among all global companies, Facebook has the third-highest IPO-day valuation in history, according to data from DealLogic.
SecondMarket, an exchange on which people can buy and sell stock in private companies, posted data on Friday about Facebook's private-trading history.
It wasn't until 2010 that SecondMarket's Facebook trades racked up significant volume, so Facebook's trades before that tended to be one-off deals at a low per-share price. In April 2010, Facebook fetched an average price of $9.82 per share on a monthly average basis. One year later, the rate jumped to $31.46.
As of April 5, Facebook shares were trading for an average of $42.72 each -- nearly $4 higher than the IPO price.
Who's selling shares: Zuckerberg plans to sell 30.2 million shares in the IPO offering. That will net Zuckerberg about $1.1 billion.
But Zuckerberg won't be hanging on to his cash. Facebook said he will use the "substantial majority" of the windfall to cover the massive tax bill he'll be hit with, thanks to his plan to exercise a large stock-options grant that will increase his ownership stake in the company he founded.
After the offering, Zuckerberg will still hold 503.6 million shares, or about 31% of the company. That stake is worth $19.1 billion at the IPO price.
Venture capital firm Accel Partners, which is the largest shareholder outside of Zuckerberg, is selling 49 million shares in the offering. That's about a quarter of its Facebook holdings.

Facebook trading sets record IPO volume

NEW YORK (CNNMoney) -- Facebook's stock market debut finally came and went -- but for all the breathless hype, shares ended right near their offering price.
On Thursday night, Facebook (FB) set its final IPO price at $38 a share. When the stock began trading at 11:30 a.m. ET on Friday, the first trade came in at $42.05 per share -- a gain of nearly 11%.
But the stock quickly reversed course, dropping down to hover right around the $38 IPO price for much of midday trading. Though shares rose modestly for short bursts of time throughout the day, they ended the session at $38.23.
While the price itself didn't move much, trading was fast and intense. More than 80 million shares changed hands in the first 30 seconds of trading. By the end of the day, volume had spiked to around 567 million shares.
That easily set a new volume record for IPOs, smashing the previous record that automaker General Motors (GM, Fortune 500) set in 2010 with trading of around 450 million shares.
Facebook's trading had been expected to start around 11 a.m. ET, but the opening was delayed.
Facebook founder and CEO Mark Zuckerberg rang the Nasdaq opening bell remotely, from the company's headquarters in California. Facebook celebrated its public debut by gathering its staff Thursday night for an all-night hackathon.
At the $38 IPO price, Facebook is on track to raise $16 billion -- making it the largest tech IPO in history. It's the third largest U.S. IPO ever, trailing only the $19.7 billion raised by Visa (V, Fortune 500) in March 2008 and the $18.1 billion raised by automaker GM in November 2010, according to rankings by Thomson Reuters.
Underwriters have the option to purchase an extra 63.2 million shares to cover any so-called over-allotments for excess demand. If that happens, Facebook will sell 484.4 million shares in total. That would bring the amount raised to $18.4 billion.
How much Facebook is worth: At $38 per share, Facebook's market capitalization would be around $81 billion on IPO day.
Many Facebook employees and executives hold unexercised stock options. If all of those shares were exercised, Facebook's outstanding share count would rise to around 2.8 billion -- pushing the company's total valuation closer to $107 billion.
Among all global companies, Facebook has the third-highest IPO-day valuation in history, according to data from DealLogic.
SecondMarket, an exchange on which people can buy and sell stock in private companies, posted data on Friday about Facebook's private-trading history.
It wasn't until 2010 that SecondMarket's Facebook trades racked up significant volume, so Facebook's trades before that tended to be one-off deals at a low per-share price. In April 2010, Facebook fetched an average price of $9.82 per share on a monthly average basis. One year later, the rate jumped to $31.46.
As of April 5, Facebook shares were trading for an average of $42.72 each -- nearly $4 higher than the IPO price.
Who's selling shares: Zuckerberg plans to sell 30.2 million shares in the IPO offering. That will net Zuckerberg about $1.1 billion.
But Zuckerberg won't be hanging on to his cash. Facebook said he will use the "substantial majority" of the windfall to cover the massive tax bill he'll be hit with, thanks to his plan to exercise a large stock-options grant that will increase his ownership stake in the company he founded.
After the offering, Zuckerberg will still hold 503.6 million shares, or about 31% of the company. That stake is worth $19.1 billion at the IPO price.
Venture capital firm Accel Partners, which is the largest shareholder outside of Zuckerberg, is selling 49 million shares in the offering. That's about a quarter of its Facebook holdings.

Facebook underwriters prop up stock as it nears break-even mark

By Andrew Tangel

May 18, 2012, 11:58 a.m.

NEW YORK – The big pop in Facebook Inc. shares never came.
Buyers did not rush into the market to snap up shares of the social networker. And the big Wall Street banks that brought Facebook public scrambled to prevent the stock from collapsing into declines.
The underwriters averted a potential debacle by scooping up shares of the company during the Nasdaq debut. This propped up the stock, keeping it above the $38 offering price through most of the day.
“When a deal gets priced and breaks price on the first day, that’s definitely a major embarrassment," said trader Andrew Frankel, co-president of Stuart Frankel & Co. "But it didn’t do that here – at least for the time being.”
The practice is pretty standard during IPOs, especially high-profile ones like Facebook. The big banks buy into a wave of selling as a way to prevent their customers from suffering big losses.
The syndicate of underwriters led by Morgan Stanley helped prop up shares after the Nasdaq Stock Market experienced technical problems processing trades. A number of brokerages reportedly said they were having problems trying to trade the stock.
“There are currently industrywide delays in reporting trade executions,” Michael Cianfrocca, a spokesman for brokerage Charles Scwhab, told Bloomberg News.  “These issues do not appear to be unique to Schwab.”
The problems could threaten the Nasdaq’s reputation as the premier platform to list big blue-chip technology companies. The exchange won a hard-fought battle against the New York Stock Exchange for a chance to list Facebook.
Spokesmen for the Nasdaq did not return several telephone calls and emails seeking comment.
Many traders, Frankel said, "backed away from trading Facebook because Nasdaq had such system issues.”
The stock bolted at the open to $42.05, but then quickly withered in the first hour of trading. It touched $38 several times, but eked out a small rebound and leveled off at about $40.
Barry Ritholtz, head of Fusion IQ, an investment research firm, added: "It pretty much started straight down to $38, where as normally happens, the underwriters defended it."

You can discuss the Facebook IPO in the forum.

Facebook's IPO one of world's largest

NEW YORK — In one of the largest initial public offerings of stock ever, Facebook said Thursday that it is raising at least $16 billion for itself and its early investors in a transaction that values the world's definitive online social network at $104 billion.
It's a big windfall for a company that began eight years ago with no way to make money.
Facebook priced its IPO at $38 per share on Thursday, at the top of expectations. The company is selling just a portion of its shares as part of the offering. The $38 price means all of its shares will be worth about $104 billion, giving the company a market value higher than Amazon.com and other well-known companies such as Kraft, Disney and McDonald's.
Facebook's stock is expected to begin trading on the Nasdaq Stock Market sometime Friday morning under the ticker symbol "FB." That's when so-called retail investors can try to buy the stock.
Facebook's offering is the culmination of a year's worth of Internet IPOs that began last May with LinkedIn Corp. Since then, a steady stream of startups focused on the social side of the Web has gone public, with varying degrees of success. It all led up to Facebook, the company that's come to define social networking by getting 900 million people around the world to share everything from photos of their pets to their deepest thoughts.
It has done so while managing to become one of the few profitable Internet companies to go public recently. It had net income of $205 million in the first three months of 2012, on revenue of $1.06 billion. In all of 2011, it earned $1 billion, up from $606 million a year earlier. That's a far cry from 2007, when it posted a net loss of $138 million and revenue of $153 million.
"They could have gone public in 2009 at a much lower price," said Nick Einhorn, research analyst at IPO investment advisory firm Renaissance Capital. "They waited as long as they could to go public, so it makes sense that it's a very large offering."
Facebook Inc. is the third-highest valued company to go public, according to data from Dealogic, a financial data provider. Only two Chinese banks, Agricultural Bank of China in 2010 and Industrial and Commercial Bank of China in 2006, have been worth more. At $16 billion, the size of the IPO is the third-largest for a U.S. company. The largest U.S. IPO was Visa, which raised $17.9 billion in 2008. No. 2 was Enel, a power company and No. 4 was General Motors, according to Renaissance Capital.
For the company that was born in a Harvard dormitory and went on to reimagine online communication, the stock sale means more money to build on the features and services it offers users. It means an infusion of funds to hire the best engineers to work at its sprawling Menlo Park, Calif., headquarters, or in New York City, where it opened an engineering office last year.
And it means early investors, who took a chance seeding the young social network with start-up funds six, seven and eight years ago, can reap big rewards. Peter Thiel, the venture capitalist who sits on Facebook's board of directors, invested $500,000 in the company back in 2004. He's selling nearly 17 million of his shares in the IPO, which means he'll get some $640 million.
The offering values Facebook, whose 2011 revenue was $3.7 billion, at as much as $104 billion. The sky-high valuation has its skeptics, who worry about signs of a slowdown and Facebook's ability to grow in the mobile space when it was created with desktop computers in mind. Rival Google Inc., whose revenue stood at $38 billion last year, has a market capitalization of $207 billion.
"There seems to be somewhat of a hype around the stock offering," says Gartner analyst Brian Blau.
That, of course, is an understatement.
Facebook's IPO dominated media coverage in the weeks and days leading up to the event. Zuckerberg's hoodie made headlines as did General Motors' decision to stop advertising on the site —and rival Ford's affirmation that its Facebook ads have been effective.
There are a few reasons for the exuberance. First, there's Facebook's sheer size and high profile. The company grew from a college-only social network to an Internet phenomenon embraced by legions of people, from teenagers to grandmothers to pro-democracy activists in the Middle East.
Secondly, it's personal.
"It's probably one of the first times there has been an IPO where everyone sort of has a stake in the outcome," Blau says. While most Facebook users won't see a penny from the offering, they are all intimately familiar with the company, so it resonates as something they understand.
And then there's CEO Mark Zuckerberg, who turned 28 on Monday. He has emerged as the latest in a lineage of Silicon Valley prodigies who are alternately hailed for pushing the world in new directions and reviled for overstepping their bounds. He counted the late Apple CEO Steve Jobs among his mentors and he became one of the world's youngest billionaires — at least on paper — well before Facebook went public. A dramatized version of Facebook's founding was the subject of a Hollywood movie that won three Academy Awards last year, propelling Zuckerberg even further into the public spotlight.
Though Zuckerberg is selling about 30 million shares, he will remain Facebook's largest shareholder. Even after the IPO, he will own 503.6 million shares, or 32 percent of Facebook's total shares. At the $38 share price, his stake in the company is worth $19.1 billion. Zuckerberg will control the company with 56 percent of its voting stock as a result of agreements he has with other shareholders who promise to vote his way.
The set-up helps to ensure that he and other executives keep control as the sometimes conflicting demands of Wall Street exert new pressures on the company.
True to form, Zuckerberg and Facebook's engineers are ringing in the IPO on their own terms. The company is holding an overnight "hackathon" Thursday, where engineers stay up writing programming code to come up with new features for the site. On Friday morning, Zuckerberg will ring the Nasdaq opening bell from Facebook's headquarters.
The $38 share price is the price at which the investment banks arranging the offering will sell the stock to their clients. If extra shares reserved to cover additional demand are sold as part of the transaction, Facebook Inc. and its early investors stand to reap as much as $18.4 billion from the offering.