Analyst on CNBC said FB not worth more than $10 a share. That is one third of it's current valuation. Yet the investment banks were allowed to price it at $38 and cash in when it IPO'd on Friday during the brief run up. Today the free fall continues.
HowHow wrote:
Analyst on CNBC said FB not worth more than $10 a share. That is one third of it's current valuation.
Let me get this straight - an analyst on CNBC determines the value of stock? Got it!
Wall Street has been getting away with it for years. Billions in bailouts, golden parachutes, privatized profits and socialized losses, yadda yadda yadda.
The conversation has been changed. Ask around. The problem isn't greedy Wall Street types with their bailouts and bad IPOs -- the problem is public employees! Teachers, cops, firefighters and their damn unions, that's the REAL problem with America. Hadn't you heard?
HowHow wrote:
Analyst on CNBC said FB not worth more than $10 a share. That is one third of it's current valuation. Yet the investment banks were allowed to price it at $38 and cash in when it IPO'd on Friday during the brief run up. Today the free fall continues.
People have the right to contract (for the most part). You should be allowed to put anything you own up for sale at any price you want. If I think your price is too high, I won't buy what you're selling.
If it come out that they were holding people at gunpoint and forcing them to pay their ask price, then they should be in trouble. Otherwise, everyone who bought the stock did so of their own volition.
Bear of Bad News wrote:
everyone who bought the stock did so of their own volition.
OK, so Mark Zuckerberg’s net worth was calculated at anywhere from $17.5 to $19.4 billion dollars. His wealth comes from his 28.1% equity stake in Facebook, calculated by multiplying his 28.1% stake which was around 503.6 million shares, times price per share which was $38 to $42 as day of IPO.
So what is it now, what will it be next week, when does he cash out since he is losing money daily?
The value of the IPO price comes from the offering institution's personal wealth. They make up whatever price they want and prop it up until it no longer suits their needs, i.e. when everyday zuckers start putting their life savings into it because it's a FAD stock and they think they're going to get rich. Once the offerer and all their buddies that were offered the IPO price exclusively have been able to pawn it off and make their money they pull their financial backing from the inflated price. Thus leaving all the general investors holding all the deflated valueless stock. The Occupation morons don't even realize that this is what they are protesting, but it goes on every day. I don't understand how it's legal. Oh right, a lot of the ill-gotten gains go right into pockets of politicians that make it legal who were allowed legal insider trader status, a rule they conveniently made for themselves.
If you think this sounds ridiculous try operating a business in this manner and see how long it is until you end up in prison. When we do it it's called a pyramid scam and conspiracy to commit fraud. Hell, you'd even get kicked off Ebay if you get caught trying to artificially inflate your bid prices.
HowHow wrote:
Analyst on CNBC said FB not worth more than $10 a share. That is one third of it's current valuation. Yet the investment banks were allowed to price it at $38 and cash in when it IPO'd on Friday during the brief run up. Today the free fall continues.
The main problem is that liberals, by imposing so many rules and regulations on business, have made it so expensive for companies to go public that they can only afford to do so once they've become gigantic. Because of the magnitude of the liberals' stupidity, only the founders of companies and the venture capitalists are able to get in early, and IPOs have become opportunities for those people to cash out. Liberals don't protect average investors; instead, liberals price average investors out of the market completely.
HowHow wrote:
Analyst on CNBC said FB not worth more than $10 a share. That is one third of it's current valuation. Yet the investment banks were allowed to price it at $38 and cash in when it IPO'd on Friday during the brief run up. Today the free fall continues.
Are there really people out there as stupid as this ^ ??
An analyst is entitled to his opinion on the "correct" value of a FB share. That plus $0.99 will buy you a snickers bar.
People buy and sell FB stock (just like any other stock) of their own free will. The price at which they make that exchange is the real price of the stock. Everything else is just a bunch of childish nonsense.
2/10
Nobody made these genius investors buy it at 38. They chose to buy it at 38.
Would you buy a gallon of milk in the store than was only filled 1/3 of the way? I hope not.
Because anyone who protests against it is labelled a nut by the Media, and since most Americans are sheep and believe everything the TV says, the beat goes on...
Scary Times These Are wrote:
Are there really people out there as stupid as this ^ ??
An analyst is entitled to his opinion on the "correct" value of a FB share. That plus $0.99 will buy you a snickers bar.
People buy and sell FB stock (just like any other stock) of their own free will. The price at which they make that exchange is the real price of the stock. Everything else is just a bunch of childish nonsense.
Of course the price paid is the price of the stock.
However, there is much to the saying "price is what you pay, value is what you get".
Companies can be grossly overvalued and undervalued in the stock market, relative to the underlying value of the business. If you have swallowed the efficient market theory for all individual stocks at all times, then I think you may be the stupid one.
Specifically what I was referring to is the fact that the stock is being artificially supported and propped up by the IBs. If the market is truly free then why is this being done, why not let supply and demand govern the price of the stock from day 1?
liberals are stupid wrote:
HowHow wrote:Analyst on CNBC said FB not worth more than $10 a share. That is one third of it's current valuation. Yet the investment banks were allowed to price it at $38 and cash in when it IPO'd on Friday during the brief run up. Today the free fall continues.
The main problem is that liberals, by imposing so many rules and regulations on business, have made it so expensive for companies to go public that they can only afford to do so once they've become gigantic. Because of the magnitude of the liberals' stupidity, only the founders of companies and the venture capitalists are able to get in early, and IPOs have become opportunities for those people to cash out. Liberals don't protect average investors; instead, liberals price average investors out of the market completely.
GOOD LORD how right you are!!! It's become so difficult and expensive these days to pull off a good fraud!!! Not like in the old days when my daddy and grandaddy used to be able to just pull a couple strings and raid the pockets of the middle class with ease. Now we got all these rules and regulations we gotta get around. But by god somehow we manage!
sameoldsong wrote:
Because anyone who protests against it is labelled a nut by the Media, and since most Americans are sheep and believe everything the TV says, the beat goes on...
The saddest part of this is just how many people that will never realize how true this is. How many people look at you like you're crazy when you simply tell them you "don't have a Facebook"?
My girlfriend actually asked me if she could borrow money to buy FB stock. When I told her flat out NO and explained why she got pissed, and told me FINE, EVERYBODY BUT US CAN GET RICH THEN.
sounds like you need a new girlfriend. The thing is still expensive even now at 31-32, at 100x revenue.
What can I say, she's got a slammin body and she swallows. I guess I'm a victim of what the media has conditioned me to think is beauty. And I like blowj0bs.
holy f*ck.
this is the stupidest thread ever. and that is no small feat.
well it is now f@ggot
this may hurt a little wrote:
Of course the price paid is the price of the stock.
However, there is much to the saying "price is what you pay, value is what you get".
Companies can be grossly overvalued and undervalued in the stock market, relative to the underlying value of the business. If you have swallowed the efficient market theory for all individual stocks at all times, then I think you may be the stupid one.
Let's see if I am understanding the gist of your post. You are saying that the prices of stocks constantly rise and fall and that some people make money while others lose money as a result of this?
Wow, now that IS news!