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Saturday, 26 May 2012

Zucked up?................from Rico

OK, I know already...Face Blewie has been 'covered' to the point of obsessive-compulsive.

BUT, here are a few things getting little attention beyond the number of people sueing FB & friends approaching the number os users of FaceBook.

Face Book Shnooks:

Citigroup's 'Automated Trading Desk' (ATD) has announced trading losses of ~$20 million.

Knight Capital Group has announced trading losses of ~$30 million.

Citadel Securities has announced trading losses of ~$35 million.

UBS so far hasn't commented.

We're not close to being finished with the roll call of losers yet. (Don't forget Margin Stanley).

It appears the pro's were lnly half-honest, with the other half being incompetent, so now it's not just the NASDAQ but possibly even Wall Street is 'toast' as a result.
- Mom & Pop (the 'muppets' according to the wise guys) have abandoned the playing field to the HFT algo's, and the hedgies will be playing "toss the hot grenade" with themselves.

Oh, yeah...almost forgot. FB closed down another 5.2% yesterday...

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