The Facebook IPO opened later than expected today at 11.30 a.m. due to overwhelming trading volumes. This change affects the Facebook first trade horoscope somewhat and so I thought I would make some additional comments to my original post.
To be sure, much of what I wrote yesterday still holds true, especially in terms of the symbolic associations of Facebook. Venus is still moving very slowly just a few days after turning retrograde and it is still in a tight alignment with Saturn and Jupiter. The overall notion of friendship/social networking (Venus) that is adapted for practical purposes (Saturn) on a large scale (Jupiter) is still very much at the core of the symbolism reflected in this horoscope. Saturn is still attempting to harness or "sell" Venus through Facebook’s attempt to build a corporate business model that focuses on the human desire for social interaction and establishing relationships. However, the delayed first trade changes the ascendant and the orientation of the houses in a significant way.
The 11.30 chart is much more favourable than the 9.30 chart and suggests that the stock price may well have some significant upside in the short term. The first improvement in this chart is that Saturn no longer aspects the ascendant. Instead of Gemini rising, Cancer now rises and Saturn shifts to the 3rd house. Saturn does much better in the 3rd house which is considered an upachaya or growing house where malefic planets do less damage. Another big plus for this 11.30 chart is that all those Taurus planets are now in the 11th house of gains. This is much better arrangement than when Taurus was in the 12th house. Moreover, we can see that a strong wealth-producing Dhana yoga is formed as the lords of the 2nd (Sun), 9th (Jupiter) and 11th (Venus) houses are conjunct in the 11th. This perhaps reflects the huge retail interest in the stock offering and reinforces the more general theme of transparent money-making that I noted in yesterday’s post. Uranus is no longer near the unequal 10th house (MC) however, so this may serve to reduce the variability somewhat in the stock price. The Moon is very close to the 10th house cusp in this chart — the highest point in the sky, or zenith — and that is a clear reflection of the intense public popularity of the Facebook IPO. The Moon represents the people or the masses, and so it is entirely in keeping with the huge interest in this IPO that the Moon should be angular in this way.
Facebook IPO First Trade — May 18, 2012 11.30 a.m. New York
In terms of its possible stock price, the overall chart looks fairly good so increases the likelihood that Facebook should be a fairly successful company in the long term. More immediately, I would think that there will be some positive follow through early next week as the Moon transits Taurus in the 11th house. As before, the approach of Jupiter to the position of the natal Sun at 4 Taurus should be positive for the next week or two. Venus is gradually backing away from its trine aspect with Saturn so that also supports the notion that more upside is possible.
Jupiter’s transit through Taurus during the summer months should also be a positive influence on the share price. Jupiter will station and turn retrograde in September and October so that may correspond with a significant high water mark for Facebook. In October, this chart will come under more pressure as Jupiter retreats through Taurus and Saturn opposes the Moon while Ketu conjoins the Sun. Saturn will remain in the general proximity of unequal 4th house (IC) for the remainder of 2012 and into 2013 so that would tend to dampen enthusiasm.
The dashas generally support this view of a mostly positive first few months followed by a move lower. The chart is currently running the Ketu-Jupiter dasha. Ketu usually isn’t a great influence although it is much better placed here in the 11th house with the Sun, Jupiter and Venus. Minor period lord Jupiter is a big plus, however, so this should help maintain price support until it ends in early September. In early September, however, Ketu-Saturn begins according to the Krishnamurti ayanamsha. (The Lahiri ayanamsha has Ketu-Saturn beginning in late September.) In any event, this Saturn minor period should be significantly more difficult for Facebook. I would therefore expect the stock price to slump well into 2013. The Ketu-Saturn period ends in November 2013 so Facebook may see better days after that.
