Facebook Shares Plummet...lol

[lennco]

This was a true example of greed.

Its down 20% from the IPO price, down 30% from Fridays high.
$104 billion market cap was a joke.
$20 billion in market cap has been lost since Friday.
Morgan Stanley screwed up.
Mark Zuckerberg believed his own press clippings.

Facebook's IPO should have been at $15 - $20, not $38

Next stop the high $20s

:lol:

 

[johname]

I wont start a new one, just go back to the one I already got lol

FB close= 21.09 +1.05 (5.24%)

 

[lennco]

I wont start a new one, just go back to the one I already got lol

I would start it but monitoring 2 now is enough for me.

 

[iowadawg]

Oh oh.....
EA is suing Zynga!
Seems that the new game by zynga, Ville, is a direct ripoff of Sim City.

Actually, all of zyngas games are ripoffs.

But no other game company had the money to sue until EA got ripped off.

 

[DU]

I would start it but monitoring 2 now is enough for me.

You monitor your thread? lol. That's funny... the pressure to stay on top of things must be unbearable! Having to thank the left, the right, the liberals, the conservatives, and the socialist Europeans...lol

I rather hoped that thread would be a black field for politics but it seems that we want to pollute all threads with little bits here and there...

As for Facebook? I hope that everyone and every institution holds their shares long term so that all the people trying to profit from their shorts get caught with their pants down... I'm not sure why trying to do nothing but profit from an IPO is worse than trying to do nothing but profit from a loss in share price but that seems the standard view.

Whatever happened to the talk of long term investing and fundamentals? lol

 

[lennco]

You monitor your thread? lol. That's funny... the pressure to stay on top of things must be unbearable! Having to thank the left, the right, the liberals, the conservatives, and the socialist Europeans...lol

I rather hoped that thread would be a black field for politics but it seems that we want to pollute all threads with little bits here and there...

As for Facebook? I hope that everyone and every institution holds their shares long term so that all the people trying to profit from their shorts get caught with their pants down... I'm not sure why trying to do nothing but profit from an IPO is worse than trying to do nothing but profit from a loss in share price but that seems the standard view.

Whatever happened to the talk of long term investing and fundamentals? lol

Well, I just got in and I have had one too many sots of tequila (Corralejo Blanco the greatest tequila in the world) tonight so forgive me if I go off a little bit, but I see your post was entertaining.
Monitoring is no pressure, you dont have to be a wise guy about it.
I try to participate in this forum and the threads I start by reading all the post just like you and at the same time try and make a living during the day.

First their was a complaint I wasn't doing my job thanking everyone with my thread then your thanks stopped at "Shoot the Sh.." thread so maybe their is some pressure, who knows.

If you want a blank field thread for politics (dont know what a black field is) then start one, their is always room for more.

And as far as long term investing and fundamentals go I made it clear early on that FB fundamentals suck for the market cap they had. Anyone who's investing long term from the IPO or the high is down by 40% to 50% now.
If they hold long term maybe they will break even someday but I doubt they will see any profit since I dont see FB having a market cap of $100 million or more anytime soon.

Try and tell those who bought two months ago that their are in it for the long term and how things will be ok someday.
FB is now a daytrdaer stock and will be for a while. Long term is a big risk at this point.
I say FB will see $15 a share before the next earnings date.
I have been right so far.

 

[DU]

I like to batch up thanks so that people get one big fat number but i am behind.

Black field is something that exists when your brain combines black hole and magnetic field by mistake..

Youre doing great imho...lol

The problem with the market is that everything is becoming day trade except the decent dividend options that are getting rarer (it seems)

 

[johname]

Facebook close 20.72

Beware of the Hindenburg Omen :ghost:

 

[lennco]

Facebook close 20.72

Beware of the Hindenburg Omen :ghost:

Closed unchanged from yesterday.
But the dead cat has come down more then half from its bounce so far

 

[johname]

Photos of Mark Zuckerberg topless have been leaked on the internet. Causing such a stir, would have thought he was a starlet instead of a guy lol

 

[DU]

Photos of Mark Zuckerberg topless have been leaked on the internet. Causing such a stir, would have thought he was a starlet instead of a guy lol

They weren't leaked.. they were uploaded by the Chief of Technology(?) onto Facebook because he didn't understand the privacy features.

---------- Post added at 01:42 PM ---------- Previous post was at 01:38 PM ----------

Yes then that new political thread got opened and ruin everything.

Actually I think it saved NP. There is now one place we can consolidate all the crap I don't care about.


Reed Hastings purchases $1 million in stock.

"I expect Facebook value to be maintained longer than Netflix" he was heard to say.

 

[lennco]

Reed Hastings purchases $1 million in stock.

"I expect Facebook value to be maintained longer than Netflix" he was heard to say.

That guy is an absolute idiot.
He screwed his customers and his shares holders worse then Zuckerberg did.
$300 to a low of $52 and now $59.

Tried to force streaming over home deliver way to soon, netflix streaming selections still sucks.
I dropped kicked them a year ago.

 

[Kenny]

They weren't leaked.. they were uploaded by the Chief of Technology(?) onto Facebook because he didn't understand the privacy features.

Yea, that was pretty funny. What does that tell you about the infrastructure.

Peace,
Cy

 

[lennco]

New all time low set today.....

$19.69

[ame="http://www.youtube.com/watch?v=VKcAYMb5uk4"]The Horror (Marlon Brando) - YouTube[/ame]​

_\|/_

 

[johname]

today 271 million shares were unlocked

Looks like there 2 bil of these shares being 8unlocked in stages

(later "poor" employees can finally buy a bay area house if they sell their shares)

 

[domainventure]

All those nerdy guys who got in on the IPO, chained to their cubicles working on code all night long, finally have a chance to get laid the silicon valley way. Cash in on the IPO, for whatever it's worth...:talk:

 

[Kenny]

All those nerdy guys who got in on the IPO, chained to their cubicles working on code all night long, finally have a chance to get laid the silicon valley way. Cash in on the IPO, for whatever it's worth...:talk:

And the geek shall inherit the earth. :gl:

Who woulda thunk it?

Peace,
Cy

 

[iowadawg]

Facebook falls to half of public offering price...

Yep, today in late afternoon trading, fell to $19.

Recommended to sell, not buy, not hold.

 

[lennco]

Facebook falls to half of public offering price...

Yep, today in late afternoon trading, fell to $19.

Recommended to sell, not buy, not hold.

Think of the poor sap who bought at $45 :o

 

[johname]

I was so close to posting here today if it hit 18"s but only fell to 19.01 so I skipped lol

 

[lennco]

I was so close to posting here today if it hit 18"s but only fell to 19.01 so I skipped lol

You will have another chance on Monday