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]

perhaps go down 1 point for every 500 mil more shares released

So ~$17 share bottom ?

 

[Kenny]

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

:bingo:

Quoted from Readers Digest, Sept 2012 pg.115:

Definition

Following Facebook's IPO fiasco, a new verb has appeared that describes losing one's shirt on Wall Street.
The new word, which has its etymological roots in the name of the company's founder, is Zucked.

See, now thats funny.

Peace,
Cy

 

[lennco]

perhaps go down 1 point for every 500 mil more shares released

So ~$17 share bottom ?

Honestly I would say $16- $17 should be the bottom for now.
I can see a lot of resistance around there and then coming back to $20 but if the next quarter doesn't look better then it could go below $15...imho

 

[DU]

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

Does a post stating that you were going to post but didn't post not count as a post?

I predict that Zuckerburg will still be rich.

I also believe that soon we'll become obsessed with what Apple is or isn't doing...

 

[johname]

Does a post stating that you were going to post but didn't post not count as a post?

I thought it was obvious that it means posting during the regular trading hours, which i would have done if it hit 18's

 

[DU]

I thought it was obvious that it means posting during the regular trading hours, which i would have done if it hit 18's

It was obvious I was just being a smart ass.

I look forward to that post on Monday.

 

[johname]

I

I look forward to that post on Monday.

Its monday morning FB in 18's

 

[lennco]

Its monday morning FB in 18's

Dont you feel better now that you got that out of your system?

 

[DU]

Its monday morning FB in 18's

Quick flip for 20.09 (1.04)

That's how you do it boys...

 

[johname]

Or cover @ 18.75



:p

 

[lennco]

Quick flip for 20.09 (1.04)

That's how you do it boys...

It would, but unless you post the buy when you buy in at $19.05 it doesn't count.

 

[johname]

It would, but unless you post the buy when you buy in it doesn't count.

It also dosent count if you paper trade

:p

 

[johname]

"Peter Thiel, Facebook's first big investor, has sold off most of his stake, turning his initial $500,000 investment into more than $1 billion in cash."

If you bought FB in the last few trading days you probally payed for Peters new yacht

 

[lennco]

"Peter Thiel, Facebook's first big investor, has sold off most of his stake, turning his initial $500,000 investment into more than $1 billion in cash."

If you bought FB in the last few trading days you probally payed for Peters new yacht

Well said

 

[iowadawg]

This is interesting. I wonder if he bought the stock to give to his new wife as a dowry?
http://in.news.yahoo.com/george-soros-invests-10m-facebook-q2-072929356--finance.html

London, Aug 16 (ANI): Business magnate George Soros has revealed that he spent around 10.6 million dollars buying over 341,000 shares of Facebook in the second quarter.

The new investment by the Hungarian-American investor and philanthropist, which was revealed in a regulatory filing by Soros Fund Management for his holdings at the end of June, is contrary to moves of other investors who have been rapidly “defriending” Facebook ever since its IPO in May.

 

[Kenny]

This is interesting. I wonder if he bought the stock to give to his new wife as a dowry?
http://in.news.yahoo.com/george-soros-invests-10m-facebook-q2-072929356--finance.html

London, Aug 16 (ANI): Business magnate George Soros has revealed that he spent around 10.6 million dollars buying over 341,000 shares of Facebook in the second quarter.

The new investment by the Hungarian-American investor and philanthropist, which was revealed in a regulatory filing by Soros Fund Management for his holdings at the end of June, is contrary to moves of other investors who have been rapidly “defriending” Facebook ever since its IPO in May.

He's Zucked!

Peace,
Cy

 

[sanfran]

Zuck will spend the rest of his life in the courtroom defending indefensible: GREED

 

[DU]

Zuck will spend the rest of his life in the courtroom defending indefensible: GREED

GREED is the American way. It's like the opposite of sharing so it's good.

 

[RTM]

He's Zucked!

Peace,
Cy

Hehe... Like that one.

Sent from my GT-I9000M using Tapatalk 2

 

[.X.]

GREED is the American way. It's like the opposite of sharing so it's good.

True dat, That has got to change, for our economy here in the states to ever get stable again.