Facebook Stocks

[Chef]

Down OH OH, that's not a good thing. I'm curious to see the price coming out of a long weekend,.

 

[Jesus Quintana]

$33.50

 

[blackram]

$33.50

And thar she blows, down she goes.

 

[Jesus Quintana]

And thar she blows, down she goes.

It seems to have momentarily stabilized around the $34 mark.
Now some are calling this a sell.
Some are calling for it to drop to around 20 a share.

 

[blackram]

It seems to have momentarily stabilized around the $34 mark.
Now some are calling this a sell.
Some are calling for it to drop to around 20 a share.

Stocks like this need a large supply of brain-less masses (i.e. retail investors, i.e. us) to buy into it. We're not falling for it this time, if only because Wall Street has already stolen all of money already; nothing much left to squeeze out of these rocks anymore. :bomb:

 

[Jesus Quintana]

Stocks like this need a large supply of brain-less masses (i.e. retail investors, i.e. us) to buy into it. We're not falling for it this time, if only because Wall Street has already stolen all of money already; nothing much left to squeeze out of these rocks anymore.

You're absolutely correct. This time maybe those clever fuckers on Wall Street and Bay Street are going to take it in the ass. Manipulate THIS!

 

[tboy]

jesus....hate to break it to you but those walstreet guys never lose.....even if they do the government will hand them billions....and like the movie trading places said: whether our clients make money or lose money, we always get our commission.......

 

[Transient]

How many mutual fund investors are gambling with other's retirement dollars investing in Facebook?

 

[LickingGravity]

As of 9:30 this morning..... down to $35.

So you could have lost $3 million, which you will have to cough up, without ever having to pay for the original investment.

I'm with Jesus on this one, eventually it will get valued on the fundementals. 100 X EPS is not a good fundemental in most people's opinion. So it havs to improve earnings by 4 or 5 times before it's only slightly overvalued. I don't really have to own it this at this price.

 

[LickingGravity]

jesus....hate to break it to you but those walstreet guys never lose.....even if they do the government will hand them billions....and like the movie trading places said: whether our clients make money or lose money, we always get our commission.......

2 words for you tboy - Merrill Lynch

 

[Jesus Quintana]

Opened at $32.59.

 

[God]

Opened at $32.59.

And keeps going down to $31.12.

 

[a 1 player]

Fuck it, I'll just keep buying BreX

 

[tboy]

2 words for you tboy - Merrill Lynch

do you think the big cheeses actually lost or suffered at all? give your head a shake lol

I watched the news or something or other and one of the big cheeses at one of the investment houses was walking down the hall in the US congress...the commentator said "this is so and so, he lost everything in the....blah blah" the camera followed him out the door and showed him getting into his maybach lol lost everything eh? bull fucking shit if he can afford a maybach, even if it was rented.....

 

[tboy]

Fuck it, I'll just keep buying BreX

lol just don't go on any helicopter rides lol

what a fiasco that was....funny though, i know someone who shorted it after the shit hit the fan and still made 20 grand.......

 

[Jesus Quintana]

lol just don't go on any helicopter rides lol
what a fiasco that was....funny though, i know someone who shorted it after the shit hit the fan and still made 20 grand.......

I know a "wealth manager" who advised his clients to buy Nortel at $56.
He then laughed about doing arbitrage when it was a buck on the TSE and was still a $1.15 on the NYSE.

 

[a 1 player]

lol just don't go on any helicopter rides lol

what a fiasco that was....funny though, i know someone who shorted it after the shit hit the fan and still made 20 grand.......

Believe it or not, I actually made money on it. I sold though when it hit $50; I almost cried when it tripled that. But I have always been conservative in my investments. I got a good return and it paid off.

 

[HOF]

Did you spend much time on "Friendster"?
Facecrack can't seem to figure out how to monetize it's mobile apps.
As posted above, it's P&E ratio was 100.
It's just a bad idea. Somewhere there is a lonely 16 year old working on it's replacement.
Give me hard assets and performance.

HAHAHA, you wrote 'hard ass'! and it's a a 12 year old this time that will revolutionalize social media.

 

[HOF]

Anyone ever see the movie 'boiler room'? Could this be a similar Madoff scenario in the making?

Just like the hobby, if it looks TGTBT then it probably is tgtbt.

 

[Goodfella]

The suit also took direct aim at allegations underwriters downgraded their revenue forecasts for Facebook, but only told a select group of clients.

“If investors think the system is rigged to serve insiders or favoured clients, they lose confidence in investing,” said Pascutto.

The true facts at the time of the IPO were that Facebook was then experiencing a severe and pronounced reduction in revenue growth,” the plaintiffs said in their lawsuit.

https://www.thestar.com/business/article/1182879--facebook-ipo-another-day-another-lawsuit