The Residential Real Estate Post-Crash Index-MODERATED

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To: Jim McMannis who wrote (67472)	5/18/2012 9:11:38 PM
From: posthumousone	11 Recommendations of 90847

Meanwhile Theophilus Hodges, a 36-year-old property manager, stopped into an E*Trade branch in downtown Chicago on Friday morning specifically to open an account to buy Facebook shares, he said. "If it wasn't for Facebook I wouldn't be here," he said as he left the branch to go to his bank and transfer money into his new account. "I missed out on Groupon when it went public, so I'm not going to miss the boat this time." Mr. Hodges said he plans to invest $10,000 in Facebook shares—including $4,500 of his own money and $5,500 from his mother. Mr. Hodges expressed confidence in Mark Zuckerberg as Facebook's CEO and said he isn't worried about Mr. Zuckerberg being young. "To me, he's a genius. You know, he created something for the whole world... Everything is social now. The world is a different place with Facebook," he said. From the WSJ dear god.....sigh.....yeah the world is different place mr hodges.....now there is some chance in the world that i may actually run across an idiot like you surfing the net.....where before you were safely hidden away

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To: posthumousone who wrote (67473)	5/18/2012 9:20:14 PM
From: posthumousone	5 Recommendations of 90847

from WS: Morgan Stanley, which led the platoon of 11 Wall Street banks that arranged the listing, had to dip into an emergency reserve of around 63 million Facebook shares—worth more than $2.3 billion at the offer price—to boost the price and create a floor around $38 a share, according to people close to the situation. In successful IPOs, the reserve, known as the "overallotment" or "green shoe," is used by underwriters to meet soaring demand but in this case, it was used to prop up Facebook's ailing share price.The process is common in IPOs and works like this: The underwriters have the extra shares available to either sell or buy for a period after the IPO. If demand is strong, they sell them like all the other shares. But if the stock price falls, they can buy them back, effectively creating a floor for the price.

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To: LLCF who wrote (67477)	5/18/2012 9:45:45 PM
From: TH	of 90847

DAK, His target is 1.5 or even lower on the Ten, so there is room. An idea that some have tossed out is the Fed will actually let the market contain yields for a while. Just letting the natural course of the market do it's thing might bring that 1.5 or lower print. As I said a couple of weeks ago, the time to buy TBT is not now. My goal is sub 15, and we might even go a bit lower. But someday, shorting the long end is going to be the trade of decade. I just don't know when. But, I do know that if you can limit time premium (i.e. short a long Treasury fund vs. longing a short Treasury fund), taking that action sub 1.5 is going to pay in time. That's my plan, subject to revision, subject to modification for error, and nothing more than a guess. Good Trading TH

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