Then again, Linkedin (which I think is a piece of crap investment) was a $45 IPO a year ago and is at $104 and the company said they weren't even going to make any money in 2011 (I don't know about 2012).
At least Facebook makes money.
Then again, Linkedin (which I think is a piece of crap investment) was a $45 IPO a year ago and is at $104 and the company said they weren't even going to make any money in 2011 (I don't know about 2012).
At least Facebook makes money.
All this talk about facebook reminds me of all the talk about Renren (the Chinese facebook) that went public nearly one year ago on May 13, 2011. It had an IPO offer price of $14 and on the first day of trading jumped to a high of $16.80 (a 20% gain on the offer). But that first day was also the last day that RENN saw $16.80. It closed yesterday at $6.24 (a 62.86% decline from $16.80) after pretty much a year in a solid downtrend.
I have a hunch something exciting is going to happen in the pork belly market this morning.
facebook is a fad
Where are you trading pork bellies?
I haven't traded a good pork belly in 10 months-sure miss it.
Garcia Diego Lopez Valderama wrote:
Amazon has a P/E of 100 and a market cap of 100 Billion.
Thanks for sharing. That may be reason enough to dump AMZN.
Do you remember when AOL had a market cap of $200B? Probably you've forgotten that. Even after the merger/separation from Time Warner and the purchase of HuffPo, AOL is worth now only $2B. Granted, $2B is a lot of money, but it's only 1/100th of $200B.
http://www.newswireless.net/index.cfm/article/9642Also, did you notice that underwriters stepped in today to support the share price?
"Underwriters bought Facebook's stock to keep it from falling below $38 after its debut, people with knowledge of the matter said today. The bankers supported the stock after Nasdaq OMX Group Inc. faced difficulties delivering trade execution messages following the IPO, said one of the people, who asked not to be identified because the transactions are private."
Read more:
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/05/18/bloomberg_articlesM44NGO6K50YQ01-M48BJ.DTL#ixzz1vFQFRBxgFacebook is the biggest con-job in history. It is a gossip site that turned into a brief international phenomenon. Even GM has pulled out of facebook realizing it is all hype. It will go the way of Napster.
HYPE MAN it a con wrote:
Facebook is the biggest con-job in history. It is a gossip site that turned into a brief international phenomenon. Even GM has pulled out of facebook realizing it is all hype. It will go the way of Napster.
Before the government bailed them out, it was pretty obvious that GM had practically ZERO business sense. GM making this business decision is not necessarily a screaming endorsement. I do, however, agree with what you said.
coach d wrote:
Consider this: investors who bought Google and held it for the last 5 years have a whopping 30% return over that time. That's not annual return; That's Total Return. Many investors in IPOs like these see their results cut in half over the next 6 months or so.
If there was stock available to borrow (there won't be), I'd seriously consider selling the thing short.
1) Google is up 27% the last 5 years. The Dow is down 7% over that time period and the S&P500 is up 8% so buying google is much better than buying the market.
2) Google is up 454% since its IPO.
3) I can see why people would short the stock. I have a question however, I always hear about the high cost of shorting shares and how shares may not be available. Do individuals on TDAmeritrade or Etrade pay fees to borrow shares to short stocks?
4) Someone must have been shorting it today right as it ended up flat? That was with the underwriters backing it.
5) Shouldn't FB be happy the stock didn't pop? That means it was priced accurately? How is a pop on day 1 good? It just means money that could have gone the company goes to the people who got in early on the IPO.
I put in for 3000 shares of the IPO and got 100. Big deal.
Twitter is the new big thing anyways. I find it much more useful than facebook.
Tweeter wrote:
Twitter is the new big thing anyways. I find it much more useful than facebook.
New huh?
Anyone shorting some $FB today?
It opened down 4 bucks from Friday close. Expect to see it under 30 this week.
The figure "my boy in the back room" tells me 16.50 is the right price but because of all the knownothing betters in the game on this stock 26-27 will be the settle number.
How many of those "know-nothing [bettors]" wear suits and work at Goldman Sachs? Remember, $FB is only selling about 15% of its shares through the IPO. The private investors still should make a lot of money, but I wonder what they really thought the price would be at. Seems better to IPO at $24 and see a surge of support to $28-$30 than IPO at a false $38, require same-day support from your underwriters, and see the price shrink to $24-$26.
Good read on the "Greenshoe" support
http://dealbreaker.com/2012/05/facebook-ipo-goes-nowhere-in-exciting-fashion/
who needs an ipo for facebook when you can buy it at a discount today! Down 12% right now!
Louis Winthorpe III wrote:
I have a hunch something exciting is going to happen in the pork belly market this morning.
A gut feeling?
Hanover Sterling was my idea wrote:
The figure "my boy in the back room" tells me 16.50 is the right price but because of all the knownothing betters in the game on this stock 26-27 will be the settle number.
Are people really this ^ stupid or is just a good gag?
"the right price"? Good lord do you know nothing at all about the stock market?
And then there are other commodities, like frozen orange juice... and GOLD. Though, of course, gold doesn't grow on trees like oranges. I think some big things are going to happen in the frozen concentrated orange juice market. I am just waiting on that crop report.
Louis Winthorpe III wrote:
I have a hunch something exciting is going to happen in the pork belly market this morning.