« previous next »
Pages: [1] 2   Go Down

Author Topic: So....anyone buying Facebook?  (Read 2316 times)

0 Members and 1 Guest are viewing this topic.

Offline Predator Don

  • Conservative Superhero
  • *****
  • Posts: 4576
So....anyone buying Facebook?
« on: May 21, 2012, 08:47:22 AM »
Right now facebook(FB) is dropping to its pre iPo price of 34 bucks.
Logged
I'm not always engulfed in scandals, but when I am, I make sure I blame others.

Offline Libertas

  • Conservative Superhero
  • *****
  • Posts: 63974
  • Alea iacta est! Libertatem aut mori!
Re: So....anyone buying Facebook?
« Reply #1 on: May 21, 2012, 09:40:03 AM »
It's been floating in 33's today...ZeroHedge is posting lots of stuff about it...the sheering of the sheep has been impressive, P.T. Barnum would be so proud!

http://finance.yahoo.com/echarts?s=FB+Interactive#symbol=fb;range=1d;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

Pump & dump baby!
Logged
We are now where The Founders were when they faced despotism.

Offline BigAlSouth

  • Established Member
  • ***
  • Posts: 1581
  • Who won't 'co-exist?'
Re: So....anyone buying Facebook?
« Reply #2 on: May 21, 2012, 05:22:25 PM »
A fool and his money . . .
Logged
The problems we face today are there because the people who work for a living
are outnumbered by those who vote for a living.
--------------
The enemy of my enemy is my friend; the friend of my enemy is, well, he is just a dumbass.

Offline AlanS

  • Conservative Superhero
  • *****
  • Posts: 7908
  • Proud Infidel
Re: So....anyone buying Facebook?
« Reply #3 on: May 21, 2012, 05:24:25 PM »
I don't think I'll be buying any.
Logged
"Malo periculosam, libertatem quam quietam servitutem."

Thomas Jefferson

Offline robins111

  • Full Member
  • ***
  • Posts: 345
Re: So....anyone buying Facebook?
« Reply #4 on: May 21, 2012, 05:35:39 PM »
I'd just as soon dip my hand in liquid manure than invest in the stock market. ::cussing::
Logged

Offline Libertas

  • Conservative Superhero
  • *****
  • Posts: 63974
  • Alea iacta est! Libertatem aut mori!
Re: So....anyone buying Facebook?
« Reply #5 on: May 22, 2012, 08:03:04 AM »
It settled at 34.  A far cry from their hopium target...Mrs.Z must be so upset!
Logged
We are now where The Founders were when they faced despotism.

Offline Sectionhand

  • Conservative Hero
  • ****
  • Posts: 2520
Re: So....anyone buying Facebook?
« Reply #6 on: May 22, 2012, 02:17:37 PM »
Nooooooooooooooooooooooooooooooooooo !  ::oldman::
Logged

Offline trapeze

  • Administrator
  • Conservative Superhero
  • *****
  • Posts: 6367
  • Hippies smell bad. Go away, hippie.
Re: So....anyone buying Facebook?
« Reply #7 on: May 22, 2012, 04:04:15 PM »
Quote from: Libertas on May 22, 2012, 08:03:04 AM
It settled at 34.  A far cry from their hopium target...Mrs.Z must be so upset!
I just looked and it closed at 31. After hours trading has it at 30.87

I don't think it's done finding its real price yet. It may go up some in the next few days but I think that ultimately it will go down more. I am  thinking that it might bottom out just below 20.

Even at that price, though, it's still overvalued.
Logged
In a doomsday scenario, hippies will be among the first casualties. So not everything about doomsday will be bad.

Offline IronDioPriest

  • Administrator
  • Conservative Superhero
  • *****
  • Posts: 10829
  • I refuse to accept my civil servants as my rulers
Re: So....anyone buying Facebook?
« Reply #8 on: May 22, 2012, 04:09:00 PM »
Quote
So....anyone buying Facebook?
Butthead "uh... no"
Logged
"A strict observance of the written laws is doubtless one of the high duties of a good citizen, but it is not the highest. The laws of necessity, of self-preservation, of saving our country when in danger, are of higher obligation. To lose our country by a scrupulous adherence to written law, would be to lose the law itself, with life, liberty, property and all those who are enjoying them with us; thus absurdly sacrificing the end to the means."

- Thomas Jefferson

Offline Predator Don

  • Conservative Superhero
  • *****
  • Posts: 4576
Re: So....anyone buying Facebook?
« Reply #9 on: May 22, 2012, 04:43:09 PM »
Facebook sounds sexy to own, but the bottom line is most of their clients have no money as far as buying from advertisers. I also wonder the shelf life of Facebook. What will be the next hot social scene in a few years.
Logged
I'm not always engulfed in scandals, but when I am, I make sure I blame others.

Offline Libertas

  • Conservative Superhero
  • *****
  • Posts: 63974
  • Alea iacta est! Libertatem aut mori!
Re: So....anyone buying Facebook?
« Reply #10 on: May 22, 2012, 07:21:39 PM »
I've seen this dance before...

http://www.cnbc.com/id/47523622

...don't worry about that man behind the curtain!

(As long as contributions keep flowing into Obama all is well)
Logged
We are now where The Founders were when they faced despotism.

Offline warpmine

  • Conservative Hero
  • ****
  • Posts: 3248
Re: So....anyone buying Facebook?
« Reply #11 on: May 22, 2012, 10:42:22 PM »
Quote from: Libertas on May 22, 2012, 07:21:39 PM
I've seen this dance before...

http://www.cnbc.com/id/47523622

...don't worry about that man behind the curtain!

(As long as contributions keep flowing into Obama all is well)
Sour grapes! Apparently some are just falling under the spell of yet another dot com offering after so many washed out over the years.
Logged
Remember, four boxes keep us free:
The soap box, the ballot box, the jury box, and the cartridge box.

Offline Libertas

  • Conservative Superhero
  • *****
  • Posts: 63974
  • Alea iacta est! Libertatem aut mori!
Re: So....anyone buying Facebook?
« Reply #12 on: May 23, 2012, 07:49:26 AM »
Logged
We are now where The Founders were when they faced despotism.

Offline trapeze

  • Administrator
  • Conservative Superhero
  • *****
  • Posts: 6367
  • Hippies smell bad. Go away, hippie.
Re: So....anyone buying Facebook?
« Reply #13 on: May 23, 2012, 08:47:59 AM »
Now it's up to 32. This doesn't surprise me, though. I see it going one step up and two steps back for a few weeks. I seriously think it shouldn't be above 22.

Wait until it qualifies for short sales. Plus the time limit will expire soon keeping owners from selling.

Then the fun may really begin.
Logged
In a doomsday scenario, hippies will be among the first casualties. So not everything about doomsday will be bad.

Offline Libertas

  • Conservative Superhero
  • *****
  • Posts: 63974
  • Alea iacta est! Libertatem aut mori!
Re: So....anyone buying Facebook?
« Reply #14 on: May 23, 2012, 10:17:57 AM »
Agreed.  And even 22 might be pushing it.

What do they produce again?  Ad revenue?  Yeah, that's real quantifiable in cyberspace...   ::)
Logged
We are now where The Founders were when they faced despotism.

charlesoakwood

  • Guest
Re: So....anyone buying Facebook?
« Reply #15 on: May 26, 2012, 11:47:45 PM »

http://www.zerohedge.com/news/skynet-wars-presenting-rogue-algo-responsible-facebooks-downfall
...
When that crossed quote from nasdaq appears, bid prices from other exchanges suddenly evaporate and that causes the NBBO spread to explode from 1 cent to 70+cents in 1/10th of a second! Nasdaq's quote started doing this when the stock approached 42.99 -- that effectively prevented the stock from going higher (a few spurious trades right at the open came from BATS for 44 ~ 45 etc, before Nq's quote was in play). So these stupid Algos effectively short circuited the stock for Facebooks IPO! Unreal." ...

Logged

Offline Libertas

  • Conservative Superhero
  • *****
  • Posts: 63974
  • Alea iacta est! Libertatem aut mori!
Re: So....anyone buying Facebook?
« Reply #16 on: May 28, 2012, 10:05:46 PM »
SkyNet lives.
Logged
We are now where The Founders were when they faced despotism.

Offline trapeze

  • Administrator
  • Conservative Superhero
  • *****
  • Posts: 6367
  • Hippies smell bad. Go away, hippie.
Re: So....anyone buying Facebook?
« Reply #17 on: May 29, 2012, 12:41:20 PM »
And the slide continues. It is now (as I write this) barely over $29/share.

I think options trading on FB was allowed to begin today and that is probably what is triggering this latest devaluation of the stock.
Logged
In a doomsday scenario, hippies will be among the first casualties. So not everything about doomsday will be bad.

Offline Libertas

  • Conservative Superhero
  • *****
  • Posts: 63974
  • Alea iacta est! Libertatem aut mori!
Re: So....anyone buying Facebook?
« Reply #18 on: May 29, 2012, 01:07:21 PM »
Below $29 now...
Logged
We are now where The Founders were when they faced despotism.

Offline Libertas

  • Conservative Superhero
  • *****
  • Posts: 63974
  • Alea iacta est! Libertatem aut mori!
Re: So....anyone buying Facebook?
« Reply #19 on: May 29, 2012, 01:26:26 PM »
Quote from: trapeze on May 29, 2012, 12:41:20 PM
And the slide continues. It is now (as I write this) barely over $29/share.

I think options trading on FB was allowed to begin today and that is probably what is triggering this latest devaluation of the stock.

Here you go -

http://www.zerohedge.com/news/faceberg

$10 in June bwuuuhaahaaa!  Still, to me this thing has penny-stock written all over it...
Logged
We are now where The Founders were when they faced despotism.
Pages: [1] 2   Go Up
« previous next »