Dockside Chat - facebook sinking

man the bilge pumps!!!!!

In fairness, you can't scrutinize stocks with every moment of movement.

With that said, I wouldn't buy it with your money.

In fairness, you can't scrutinize stocks with every moment of movement.

With that said, I wouldn't buy it with your money.


the wife wanted me to buy some...Even though she deactivated her account:rofl:

Down over 4% pre-market. Morgan-Stanley will start dumping in view of the JPM losses.

Down over 4% pre-market. Morgan-Stanley will start dumping in view of the JPM losses.

She going down at the open:o:o:o

The upside is that for every penny, Zucker's value moves 5 million bucks. That's fun to watch.

The upside is that for every penny, Zucker's value moves 5 million bucks. That's fun to watch.


looks like one of the big boys is going to support $35.

Wonder how long that could last??

ooops not long... new lod

Looks like -12% will be the number till after the big guys have lunch together.

Piss poor underwriting......... 70 times earning.... Give me a break....

Any one have a link to the prospectus or any audited financial statements/10-K? I am interested in reading this one.

Looks like -12% will be the number till after the big guys have lunch together.

yep

I do not use facebook, but my wife does. She was doing a little looking and peeked into the claim of 900,000,000 users. It is actually that many accounts, but some are inactive, and lots are multiple accounts registered to 1 person, many are inactive, so the real number is closer 320,000,000. While that is a lot no doubt, its far from the stuff I hear people talking about over say a coffee, how "Everyone is on facebook" As I am not, neither are my children, all of which are adults, nor their children, and I golf many times per week, and only 1 guy I golf with has an account, he says he logs in maybe once a week, looks, then closes it again, and wonders why he even has it. It came up at a BBQ yesterday, and maybe 20% of the people there used facebook. But the point iis aboit its monetary value, it really does not own anything, or make anything. It has a few buildings and some servers, and that's about all, so a realistic number of true value maybe say $30,000,000 not over a billion.

I do believe P T Barnum said it best!!!

I do believe P T Barnum said it best!!!



:rofl::rofl::rofl::rofl::rofl:

I do believe P T Barnum said it best!!!

They been setting people up for a long time on this one!

Its vol is coming up on 100 million shares with almost every share selling at a loss exceeding 4 bucks.. that is a ton of money to be lost in one day!

Ask yourself this, it was already a company that existed, so they didn't need set up money. So the only reason to turn it public and sell it off as stock really, would be to help raise money to keep it afloat because it was sinking. Otherwise he would have kept control and sole ownership of it if its so lucrative. I was self employed up to my recent retirement, my wife to, and both of my children now are. We didn't do well for years, then suddenly sell off a part of our business because it was doing so great.

I do believe P T Barnum said it best!!!

Ay yuh, there's one born every minute. I was hoping FB would hold on until options were available. Implodig too early to make money off it...

CMP

I think it's a bit early to give up on this one. Although I'm glad I didn't buy last week!

Just a fad that will go away.

Just a fad that will go away.

I don't think it is.....They're still adding new users every single day, and the facts are that social media is a great way to connect or re-connect with long lost friends. Many of the older crowd may have already signed up, but newer users will continue to look for FB as the premier site to stay connected.

Although with a divorce rate of about 50%, I find most people sign up and become active when they're single.....maybe the older crowd isn't already in on it.

The upside is that for every penny, Zucker's value moves 5 million bucks. That's fun to watch.

Man, string a few of those penny movements together and ol' Mark will be a pauper in no time.:grin:

I never really saw the value in the service before the IPO and I sure as hell can't see the value of the stock. But then again, I'm over fifty so what do I know. Does anyone know what their ad revenue actually is? That's the only real value as far as I can tell.


For what it's worth, I think it's a smart move on Zuckerbergs part. Cash out before the whole thing goes the way of Myspace.

For what it's worth, I think it's a smart move on Zuckerbergs part. Cash out before the whole thing goes the way of Myspace.

That's why I give him credit. I thought the same thing when the whole plan was announced. He knows its going to fail someday so why not cash out now on top.

I was hoping FB would hold on until options were available. Implodig too early to make money off it...

CMP


Affirmative. I have scrathed it from my list, completely. I'll just watch on this one.


Big Al

Yep, it has bad mojo now.

For what it's worth, I think it's a smart move on Zuckerbergs part. Cash out before the whole thing goes the way of Myspace.

I don't beleive that Zuckerberg's main focus is the money; which is the very reason why I believe his days as CEO are numbered. The shareholders and BOD are not going to trudge through a year or two of sagging share value (if indeed, that is what happens). Zuckerberg seems to lack true bottom line focus.

Time will tell, it always does.


Big Al

I don't beleive that Zuckerberg's main focus is the money; which is the very reason why I believe his days as CEO are numbered. The shareholders and BOD are not going to trudge through a year or two of sagging share value (if indeed, that is what happens). Zuckerberg seems to lack true bottom line focus.

Time will tell, it always does.


Big Al

I signed up on google + just in case it goes to hell so I don't have to call my family north, 1 line texts are great

I don't beleive that Zuckerberg's main focus is the money; which is the very reason why I believe his days as CEO are numbered. The shareholders and BOD are not going to trudge through a year or two of sagging share value (if indeed, that is what happens). Zuckerberg seems to lack true bottom line focus.

Time will tell, it always does.


Big Al

I may be wrong but I think the problem with that is he still owns 56% of FB if I read that correct and it that is so he is still in control I would assume

Facebook Inc (NASDAQ)‎
34.03 -4.20‎ (-10.99%‎)
May 21 4:00pm ET - Disclaimer
33.85‎ -0.18‎ (-0.53%‎) After Hours
Open: 36.53
High: 36.66
Low: 33.00
Volume: 167,682,700
Avg Vol: 580,587,000
Mkt Cap: 72.76B

WOW an Internet company that does not produce a product comes out with a bang for an IPO then falls down a cliff.

Haven't we all seen this before?

John

Any one have a link to the prospectus or any audited financial statements/10-K? I am interested in reading this one.

http://sec.gov/Archives/edgar/data/1326801/000119312512034517/d287954ds1.htm

Ask yourself this, it was already a company that existed, so they didn't need set up money. So the only reason to turn it public and sell it off as stock really, would be to help raise money to keep it afloat because it was sinking. Otherwise he would have kept control and sole ownership of it if its so lucrative. I was self employed up to my recent retirement, my wife to, and both of my children now are. We didn't do well for years, then suddenly sell off a part of our business because it was doing so great.

Naw...it was making money. It's right there in the S-1. This was all about rewarding employees. Zuck may not care about material things (not sure I believe that), but the people who have built FB into what it is sure do. He had to give them a reason to stick around.

Man, string a few of those penny movements together and ol' Mark will be a pauper in no time.:grin:

I never really saw the value in the service before the IPO and I sure as hell can't see the value of the stock. But then again, I'm over fifty so what do I know. Does anyone know what their ad revenue actually is? That's the only real value as far as I can tell.


For what it's worth, I think it's a smart move on Zuckerbergs part. Cash out before the whole thing goes the way of Myspace.

I believe their primary revenue comes from selling the info it gathers about it's users.

I believe their primary revenue comes from selling the info it gathers about it's users.

Nope. From the S-1.

Revenue

We generate substantially all of our revenue from advertising and from fees associated with our Payments infrastructure that enables users to purchase virtual and digital goods from our Platform developers.

Advertising. Our advertising revenue is generated by displaying ad products on our website. Advertisers pay for ad products displayed on Facebook, either directly or through their relationships with advertising agencies, based on the number of impressions delivered or the number of clicks made by our users. We recognize revenue from the display of impression-based ads on our website in the contracted period in which the impressions are delivered. Impressions are considered delivered when an ad appears in pages displayed to users. We recognize revenue from the delivery of click-based ads on our website in the period in which a user clicks on an ad.

Payments and other fees. We enable Payments from our users to our Platform developers. Our users can transact and make payments on the Facebook Platform by using credit cards, PayPal or other payment methods available on our website. We receive a negotiated fee from our Platform developers when users make purchases from our Platform developers using our Payments infrastructure. We recognize revenue net of amounts remitted to our Platform developers. We have mandated the use of our Payments infrastructure for game apps on Facebook, and fees related to Payments are generated almost exclusively from games. To date, games from Zynga have generated the majority of our payments and other fees revenue. In addition, we generate other fees revenue in connection with arrangements related to business development transactions and fees from various mobile providers; in recent periods, other fees revenue has been immaterial.

THT saved me from facebook... ha

I used to be on it all the time... Barely ever anymore.. It will fade if more adds are put on it.. People use it as a free site, without any thoughts of purchasing anything.

THT gets my free time now..

They been setting people up for a long time on this one!

Its vol is coming up on 100 million shares with almost every share selling at a loss exceeding 4 bucks.. that is a ton of money to be lost in one day!

I'm betting that most of those people selling aren't the ones who bought on Friday. They aren't selling at a loss. My money'd be on same day option sales by the suddenly rich. When you had less than $1000 to your name last Wed, then all of a sudden $1,500,000 on paper...seeing that turn to $1,350,000 makes a kid nervous, dontchathink?

The bankers nailed the IPO price at 38. Book was filled and stock lifted to 42.

Of course, the smart guys sold all the way up.

Someone posted PT Barnum earlier. x2

If Zuckerberg does not care about material things then he needs to learn to FISH AND BOAT

THT WILL BREAK HIM IN A HURRY:grin::grin:

Just think of the boats he could buy, hell I would cash out and tell the world to KISS MY ASS but still hang out on THT all day while fishing :grin:

Some people need to get their priorities straight in life:grin:

"The drop was so steep that circuit breakers kicked in a few minutes after the open to restrict short sales of the stock, according to a notice from Nasdaq. "

http://www.csmonitor.com/Business/Latest-News-Wires/2012/0521/Facebook-stock-falls-11-percent-in-second-trading-day

Circuit breakers? Give me a break..

This would have happened on Friday except they kept buying shares back in order to raise the price.

I'm out of the financial markets, permanently.

I heard NASDAQ botched the IPO and will have to pay.

Zuk is doing just fine I'm sure!

It sure IS time for him to go fishing! :thumbsup:

I believe their primary revenue comes from selling the info it gathers about it's users.

Huh??? Even I couldn't have thought up something so off the wall!

Charmin and Scott's toilet paper is worth more than this stock and probably more useful.

Sucker born everyday as I said earlier.....

Bought 100 shares at 33.25 today and sold them an hour later at 34.05.........easy money......I plan on doing it again tomorrow........A stock with this much hype will move up and down a couple of bucks each day for a while....Makes it a very easy stock to day trade! The more people talk about it the more money I make!!!! Sure beats having to lay out 500 bucks a share for Scrapple!!!!

Bought 100 shares at 33.25 today and sold them an hour later at 34.05.........easy money......I plan on doing it again tomorrow........A stock with this much hype will move up and down a couple of bucks each day for a while....Makes it a very easy stock to day trade! The more people talk about it the more money I make!!!! Sure beats having to lay out 500 bucks a share for Scrapple!!!!



So you risked $3325 to make 80 bucks?
Go to Vegas and drop a quarter in a slot, at least you'll get a free drink...

So you risked $3325 to make 80 bucks?
Go to Vegas and drop a quarter in a slot, at least you'll get a free drink...
Take out commission and taxes for short term gains and hey, he can afford to super size his McDonalds meals tonight. :grin:

So you risked $3325 to make 80 bucks?
Go to Vegas and drop a quarter in a slot, at least you'll get a free drink...

Put this into day trader thinking. 80.00 for about 3 minutes of work. Do it on 25 stocks all making 80.00 to 100.00 a day and you are now making 2k a day.

Bankers Under Fire as FACEBOOK Slips 11%... (http://online.wsj.com/article/SB10001424052702303610504577417911775222058.html?m od=WSJ_hp_LEFTTopStories)

Earnings fell 12% in the first quarter? Only a putz would buy an IPO. To much back door crap going on that the everyday investor can't imagine. Don't get me going on day traders...

Put this into day trader thinking. 80.00 for about 3 minutes of work. Do it on 25 stocks all making 80.00 to 100.00 a day and you are now making 2k a day.



If it were that simple, everyone would be doing it... I know plenty of people that lost their shirts day trading.....

Huh??? Even I couldn't have thought up something so off the wall!

Don't underestimate yourself. :grin:

I shouldn't have said primary. It was being discussed on a show I saw over the weekend. Not really tinfoil hat stuff.

If it were that simple, everyone would be doing it... I know plenty of people that lost their shirts day trading.....

I never implied you can do it blind. If you know what you're doing and have good info and very good instincts you can make a living at it. I wouldn't do it but I know people who make pretty good money at it.

Take out commission and taxes for short term gains and hey, he can afford to super size his McDonalds meals tonight. :grin:


4 bucks to buy, 4 bucks to sell and no short term capital gains in your IRA....I made 72 bucks in an hour and a half. I can't complain. I have been day trading now for about 8 years......My overall gains average 22% a year after expenses. Anybody getting that much in the bank? The trick is before you buy a stock you have to have a "get out price" topside and bottom and then sell it when it gets there.....no exceptions......Never fall in love and never look back and say I could have made more...... I never buy stocks that are priced over a hundred bucks or under 5 bucks and basically if I am up 50 to 75 bucks in a day it is gone...I have about a dozen stocks that I have bought sold then bought and sold again over and over and over. Maybe a hundred times or more.........I try like hell not to hold anything over night and never over a weekend or holiday. It has worked for me what can I say.....I have lost several days in a row several times. My best years I made a little over 30 grand and never had a loosing year....All while getting paid at my "real" job....

If it were that simple, everyone would be doing it... I know plenty of people that lost their shirts day trading.....


And I know a few that have homes on the ocean in Mantoloking and Harvey Cedars!!!!

So you risked $3325 to make 80 bucks?
Go to Vegas and drop a quarter in a slot, at least you'll get a free drink...

I had a gross proffit of 2 1/2 percent in a few hours on 3325.00......That will take you 3 years in the bank!!! And in 3 years your money will actually have less spending power than when you started!!!!

I don't think it is.....They're still adding new users every single day, and the facts are that social media is a great way to connect or re-connect with long lost friends. Many of the older crowd may have already signed up, but newer users will continue to look for FB as the premier site to stay connected.

Although with a divorce rate of about 50%, I find most people sign up and become active when they're single.....maybe the older crowd isn't already in on it.

The trouble for Faceplant is that all those "users" who are being added every single day generally don't have any money -AND- more importantly, don't come FB to buy stuff. Those are big problems. Just because a lot of people "use" FB, doesn't mean it can be turned into profit.

It's all hype.

Triplenet nailed it: SEVENTY TIMES EARNINGS???? Wait until the first earnings miss in about 3 months and FB will be a teenager, if not trading in single digits.

WOW an Internet company that does not produce a product comes out with a bang for an IPO then falls down a cliff.

Haven't we all seen this before?

John

x2

However, is Google a $200,000,000,000.00 company? I thought $99 was too much -- I'm an idiot.

I had a gross proffit of 2 1/2 percent in a few hours on 3325.00......That will take you 3 years in the bank!!! And in 3 years your money will actually have less spending power than when you started!!!!



My point was the risk. Even though it was not a lot of money invested, to me it just ain't worth the risk. But, to each his own...
BTW, I did do some day trading years ago and when all was said and done, I would of been just as well off investing in a conservative mutual fund with far less work involved..
It really is just another form of gambling....

Put this into day trader thinking. 80.00 for about 3 minutes of work. Do it on 25 stocks all making 80.00 to 100.00 a day and you are now making 2k a day.

Yes that is the theory but are you doing it in real life?

People thought the internet was a fad.

I had a gross proffit of 2 1/2 percent in a few hours on 3325.00......That will take you 3 years in the bank!!! And in 3 years your money will actually have less spending power than when you started!!!!

Yep..that's called bending over to pick up pennies in front of a steamroller. It works until it dont. Best of luck.

If it were that simple, everyone would be doing it... I know plenty of people that lost their shirts day trading.....

My brother in law used to do that, only cost them their house, truck, boat, and eventually his wife filing for divorce. Its my wifes youngest sister who left him, and she now lives with us. It went so well for them, just losing a bit here and there, as she worked her arse off. He was positive that he was going to make them wealthy.

A little perspective on FB's share price...........

Pause for a moment and do the math on what Apples per share price would be if it sold for 70 x earnings.

just sayin.......

About Facebook stock, I hate to say "I told ya so" but I told ya so earlier last week.:grin:

About "day trading" ya gotta be constantly lucky to make out in that game. Scary stuff.:(

http://i65.photobucket.com/albums/h211/rayteagarden/RayCharicture.jpg

Interesting read here. It's worse than a casino. The underwriters and banks stock the odds in their favor better than Steve Wynn.

http://www.cnbc.com/id/47517446

http://finance.yahoo.com/blogs/daily-ticker/facebook-bankers-secretly-cut-facebook-revenue-estimates-middle-133648905.html

Facebook Bankers Secretly Cut Facebook’s Revenue Estimates In Middle Of IPO Roadshow

It's going down a lot more...

Someone should go to jail over this mess.... A lot of people got totally screwed.....

Someone should go to jail over this mess.... A lot of people got totally screwed.....

You mean there is risk in investing?

Someone should go to jail over this mess.... A lot of people got totally screwed.....

Those weren't just your average garden variety type of people. Those were suckers and as P.T. Barnum said.................

:rofl:

You mean there is risk in investing?



First, it appears Facebook's underwriters grossly overvalued the stock.

Second, Morgan Stanley stepped in to keep the price from dipping below the initial $38.

Third, Morgan Stanley then unexpectedly delivers negative news to major clients, that the revenue forecasts for the company were reduced..
The lower revenue projection came shortly before the IPO was priced at $38 a share, the high end of an already upwardly revised projected range of $34-$38, and before Facebook increased the number of shares being sold by 25 percent.

The entire debacle stinks......

First, it appears Facebook's underwriters grossly overvalued the stock.

Second, Morgan Stanley stepped in to keep the price from dipping below the initial $38.

Third, Morgan Stanley then unexpectedly delivers negative news to major clients, that the revenue forecasts for the company were reduced..
The lower revenue projection came shortly before the IPO was priced at $38 a share, the high end of an already upwardly revised projected range of $34-$38, and before Facebook increased the number of shares being sold by 25 percent.

The entire debacle stinks......

Yeah, but you were still a major sucker if you bought this stock...

FB extended hour trades at new lows.

Every holder is losing money.


FB is setting up for the dreaded death spiral.

THE $40 BILLION VANISH... (http://www.reuters.com/article/2012/05/22/us-facebook-valuation-idUSBRE84L19B20120522)
MORGAN STANLEY Under Review... (http://www.cnbc.com/id/47523622)
Massachusetts subpoenas... (http://www.reuters.com/article/2012/05/22/us-facebook-galvin-idUSBRE84L1BS20120522)
Selloff Nearly Turned Into Bigger Run... (http://www.cnbc.com/id/47520037)
Stock Loses 18% of value... (http://www.ft.com/cms/s/0/8c6c8890-a434-11e1-a701-00144feabdc0.html)
Investor Sues... (http://www.bloomberg.com/news/2012-05-22/facebook-investor-sues-nasdaq-over-delays-in-offering.html)
'The insiders got greedy'... (http://www.reuters.com/article/2012/05/22/us-usa-markets-facebook-idUSBRE84L0PE20120522)

:o

For all those who bought FB shares, please consider buying some of my PRIME OCEAN FRONT real estate I have for sale in Saskatchewan and North Dakota. For you good people its on at a reduced price of just $500,000 per acre.

just traded 30.72..

Every time I look its down:o

Even the liars are losing money.

THE $40 BILLION VANISH... (http://www.reuters.com/article/2012/05/22/us-facebook-valuation-idUSBRE84L19B20120522)
MORGAN STANLEY Under Review... (http://www.cnbc.com/id/47523622)
Massachusetts subpoenas... (http://www.reuters.com/article/2012/05/22/us-facebook-galvin-idUSBRE84L1BS20120522)
Selloff Nearly Turned Into Bigger Run... (http://www.cnbc.com/id/47520037)
Stock Loses 18% of value... (http://www.ft.com/cms/s/0/8c6c8890-a434-11e1-a701-00144feabdc0.html)
Investor Sues... (http://www.bloomberg.com/news/2012-05-22/facebook-investor-sues-nasdaq-over-delays-in-offering.html)
'The insiders got greedy'... (http://www.reuters.com/article/2012/05/22/us-usa-markets-facebook-idUSBRE84L0PE20120522)

:o



Like I said, the whole thing smells of gross incompetence or worse... I suspect much, much more is going to come out in the days and weeks ahead and it ain't going to be pretty...

Because people really thought a site that reminds you that your "friends" have to have their coffee in the morning and can't stand Mondays.

Boring, silly site. Fun to look at all the "popular" people's lives today. LOL -- that's about it.

Actually, the preponderance of evidence suggests that Barnum never uttered the phrase, "There's a sucker born every minute".

Actually, the preponderance of evidence suggests that Barnum never uttered the phrase, "There's a sucker born every minute".



But brokers on Wall Street do.....

Because people really thought a site that reminds you that your "friends" have to have their coffee in the morning and can't stand Mondays.

Boring, silly site. Fun to look at all the "popular" people's lives today. LOL -- that's about it.

Darn right. That's why I spend time on THT. Doing productive things like posting about FB.




Hmmmm, need to rethink that.




:rofl::rofl::rofl:

This week
DOOM: FACEBOOK could destroy economy? (http://www.marketwatch.com/story/how-facebook-could-destroy-the-us-economy-2012-05-22)


Last week
CAN FACEBOOK SAVE MARKETS? (http://www.bloomberg.com/news/2012-05-17/facebook-raises-16-billion-in-biggest-technology-ipo-on-record.html)


:rofl:

Welcome to the world of publicly held companies Mark:

http://finance.yahoo.com/news/robbins-geller-rudman-dowd-llp-133000039.html

Facebook Bankers Secretly Cut Facebook’s Revenue Estimates In Middle Of IPO Roadshow


http://finance.yahoo.com/blogs/daily-ticker/facebook-bankers-secretly-cut-facebook-revenue-estimates-middle-133648905.html



The banksters like to pick the publics pockets

Welcome to the world of publicly held companies Mark:

http://finance.yahoo.com/news/robbins-geller-rudman-dowd-llp-133000039.html


On or about May 16, 2012, Facebook filed with the SEC a Form S-1/A Registration Statement (the “Registration Statement”) for the IPO. On or about May 18, 2012, the Prospectus (the “Prospectus”), which forms part of the Registration Statement, became effective and defendants sold 421 million shares of Facebook common stock to the public at $38 per share, for total proceeds of more than $16 billion.



The complaint alleges that the Registration Statement and Prospectus issued in connection with the IPO were false and misleading in violation of the Securities Act. The complaint asserts that defendants failed to disclose that because Facebook was experiencing a pronounced reduction in revenue growth due to an increase of users of its Facebook app or website through mobile devices rather than traditional PCs, at the time of the IPO the Company had told the lead underwriters to reduce their 2012 performance estimates for Facebook. These revisions were material information which was not shared with all investors, but rather, was selectively disclosed by defendants to certain preferred investors and omitted from the Registration Statement and/or Prospectus.
has been trading in the the $32- 34 range for a while now
visions of $50 -60+ sugarplums on a $38 buy are fading pretty quick


however, will anyone be surprised when it comes out that some big institutionals shorted it at the IPO price, made a shitpile of money, and then bought low before it goes back up?

But brokers on Wall Street do.....


They be a lot smarter than the suckers, who are generally just as greedy as the wall street guys. Survival of the fittest, darwin and all that stuff at work.

Read something yesterday. An old school hedge fund manager said that whenever you have founders, banks, underwriters and institutional buyers all with the same level of greed with an IPO, this is what you get. A disaster.

2 groups of investors suing FB, Zucker and underwriters, filed suit today and that's just the beginning.

plenty of shares selling at $32 today

I heard NASDAQ botched the IPO and will have to pay.

Correct. A class action lawsuit has already been filed I think.

40B is market cap lost in one week?!

That's a Facebook face plant.

Darn right. That's why I spend time on THT. Doing productive things like posting about FB.




Hmmmm, need to rethink that.




:rofl::rofl::rofl:


No way. If I have a question or a problem I post here and I get real help. If I post something on Facebook I get buried in a bunch of "I need cofee" - "I hate Mondays" - Yay my team won" --- or some other crap. THT is x100000000000000 more valuable to me than Facewaste is.

IMHO

They be a lot smarter than the suckers, who are generally just as greedy as the wall street guys. Survival of the fittest, darwin and all that stuff at work.



What happened to honesty????

What happened to honesty????
:rofl::rofl::rofl:

when is it time to buy? 25-28?

:rofl::rofl::rofl:



You laugh, but moral and social decay along with a complete lack of business ethics is dragging this country down..
It was nowhere this bad years ago....

You laugh, but moral and social decay along with a complete lack of business ethics is dragging this country down..
It was nowhere this bad years ago....


You got that right. I thought the punk asses with the jockey shorts were F'ed.:bashhh:
SOB was I wrong. :banghead::banghead::banghead::banghead:

You laugh, but moral and social decay along with a complete lack of business ethics is dragging this country down..
It was nowhere this bad years ago....

x100 %

when is it time to buy? 25-28?

$2.50 to $2.80 is probably a more realistic figure to buy at.

You laugh, but moral and social decay along with a complete lack of business ethics is dragging this country down..
It was nowhere this bad years ago....

x 1,000

What happened to honesty????

When two greedy parties get together to do a deal, honesty goes out the window. Both parties understand this but believe they are the smarter of the two and will end up on the plus side.

When two greedy parties get together to do a deal, honesty goes out the window. Both parties understand this but believe they are the smarter of the two and will end up on the plus side.



How does that relate to a broker-client relationship????;?

I don't know where you do business, but in my experience the best deals are win-win situations where both parties are completely honest...

You laugh, but moral and social decay along with a complete lack of business ethics is dragging this country down..
It was nowhere this bad years ago....

Your kiddin me right?

Of coarse its the biggest ever. But inflation adjusted.... Who really knows? Who knew people would fall for such a currently fluffed fad.. At least Global Crossing was meat and taters sort of rip off.

$2.50 to $2.80 is probably a more realistic figure to buy at.

Honestly, I think it will settle in the high teens later this year... At that price it will still be a big gamble. Can they make it profitable? Can they avoid erosion of membership as time passes, as they become "less cool"' etc.

We'll see.

One thing is for sure, this IPO was a total joke for an individual investor and illustrates how rigged Wall Street is right now. ;? At least in Vegas, you know the truth and you get free drinks.

Your kiddin me right?

Of coarse its the biggest ever. But inflation adjusted.... Who really knows? Who knew people would fall for such a currently fluffed fad.. At least Global Crossing was meat and taters sort of rip off.



Not kidding at all....In fact, your post proves my point....

Not kidding at all....In fact, your post proves my point....


My posts prove your point... very intresting.

I see.............





"When plunder becomes a way of life for a group of men living together in a society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it."
-Frederick Bastiat

My posts prove your point... very intresting.



Not really....

Facebook advertises?

When I want to buy something, I click onto Amazon.

Or THT vendors.

Not really....

I guess the light doesn't really dawn on marblehead

I guess the light doesn't really dawn on marblehead


What light would that be???

Honestly I don't feel bad for anyone who played at the table on this IPO. They were all gambling and either knew that or were incredibly stupid and did no due diligence. You can't really call them investors, they're traders looking for a quick buck and got burned. they were gambling on a moon shot and lost. Too bad.

I don't gamble at Foxwoods or any place else. But if I did.... I'd be all over this FB set up like flies on a pile of dog shit on a summer afternoon.

I can hear these people talking at the check caskin store with....
"Them Wall Street fellas beat me out of my EBT card money". Sadly it sounds too close to "how am I going to buy diapers, cigarettes, beer, and lobsters AND pay for my 24's for the Caddy"?

ZUCKER BORN EVER MINUTE:
FIDELITY facing 'thousands' hit by FACEBOOK woes... (http://www.reuters.com/article/2012/05/24/us-facebook-fidelity-idUSBRE84N1J020120524)
MORGAN STANLEY STILL HAS ISSUES... (http://ca.news.yahoo.com/morgan-stanley-still-facebook-issues-source-183544145--sector.html)
CITADEL Latest Firm to Report 'Significant' Losses... (http://www.cnbc.com/id/47554054)

How do I lower the value of my stock ?

What happens when I dissolve the "corporation"

Honestly I don't feel bad for anyone who played at the table on this IPO. They were all gambling and either knew that or were incredibly stupid and did no due diligence. You can't really call them investors, they're traders looking for a quick buck and got burned. they were gambling on a moon shot and lost. Too bad.

Actually I think many traders got their allocation and sold at least some (if not all) on the opening at 42. Why would you play "stock market " when you had a quick profit right out of the gate? I think that a lot of the other buyers were people who thought "gee, EVERYBODY uses FB" . and just assumed they make , or will make a ton of money. As you said, THEY are probably the ones that did no due diligence and are now bagged

Peter Schiff has a great video on breakout explaining the current state of IPOs
http://finance.yahoo.com/blogs/breakout/facebook-under-fire-valuation-stupid-says-peter-schiff-154227522.html

Macke does his usual DB act cutting him off towards the end.

Zuckerburg down 5 billion...:rofl: Are they trying to make it sound like we should feel sorry for him?? He still has 9 billion more now in created wealth than had a couple weeks ago.

New shareholders are the ones who got screwed..

A fool with his money is soon parted

A fool with his money is soon parted

All those shareholders didn't do their due diligence:rofl:

Good one LJ!

Maybe a list of sayings for why Facebook shareholders didn't make money:thumbsup:

I'm waiting for the bailout.

"They have 800 million users..they're too big to fail!"

It heading into the teens...

I'm waiting for the bailout.

"They have 800 million users..they're too big to fail!"

Actually 900mil

There is talk about a smart phone launch next year so who knows. It is obvious the man has a mind to make $ so anything could happen in the coming months or years :thumbsup:;?

Actually 900mil

There is talk about a smart phone launch next year so who knows. It is obvious the man has a mind to make $ so anything could happen in the coming months or years :thumbsup:;?


Doubt it, FB is at the top of its game now. People are starting to get bored with it already. It will go the way of myspace in 2 years. He cashed out at the best time, and I am willing to be he doesn't really care what happens now. I don't think he is the Jobs or Gates type.

I think he can be the Jobs type but only time will tell. They can keep growth by expanding into other markets.

Doubt it, FB is at the top of its game now. People are starting to get bored with it already. It will go the way of myspace in 2 years. He cashed out at the best time, and I am willing to be he doesn't really care what happens now. I don't think he is the Jobs or Gates type.

No comparison with Gates or even Jobs. Zuckerburg now can be a judge on shark tank:grin:

The whole Jobs/Gates comparison was a joke... This punk stole an idea (that had already been done) and was good at building up interest from investors. He created nothing - the users create everything. Once they leave (and they will- they always do) all he's got is a bunch of empty hard drives.

Lot of people here who wouldn't touch Facebook with a ten foot pole, yet invest a lot of time and emotion in putting down both FB and Zuckerman. Makes no sense to me.

Actually 900mil

There is talk about a smart phone launch next year so who knows. It is obvious the man has a mind to make $ so anything could happen in the coming months or years :thumbsup:;?

And how many of those "900 million users" we always hear about are duplicate or fake name accounts? I bet the real number of actual legitimate users is less than a 1/4 of that.

Lot of people here who wouldn't touch Facebook with a ten foot pole, yet invest a lot of time and emotion in putting down both FB and Zuckerman. Makes no sense to me.

I've always found that the truth is a worthy time investment...

If you have an insight about something - anything - why not share it with others? Isn't that the spirit of our country?

Fact is, you can look back in this thread and see a number of us stating - before the IPO - that it was a poor investment and over-priced. And giving good reasons for why. One member cancelled his order after reading some our critiques. Perhaps we saved him a lot of money he would have otherwise lost.

If you were an investor who's lost 40% of your initial investment in a couple weeks, wouldn't you have valued this perspective? Clearly the Wall Street banks were only self-servingly hyping this stock along with FB - and there's evidence the individual investor was left in the dark on some key issues.

Bottom line: it's healthy for individiduals to express their insights, even if they're critical.

Lot of people here who wouldn't touch Facebook with a ten foot pole, yet invest a lot of time and emotion in putting down both FB and Zuckerman. Makes no sense to me.


Slap some lipstick on a different pig and everyone thinks a great invention arose..

OK It was a new twist that caught hold of demand.. Anyone rememeber napster:thumbsup: You could share song downloads with whoever. So facebook bumped it up and you can share pics, gossip, family events etc .. well you know. Sean Parker has already been through the wall street ringer . I would say it was Sean Parker is the one who is at the top of the heap on this one. What ever happened to that IPO anyway? was it NAPS

It heading into the teens...

It was always a big hit with the "Teens". What did you expect.


:rofl:

I wasn't referring to legitimate critique of the stock, but to personal attacks on Zuckerburg and those who built the company. People seem to get a kick out of keeping track of how much money he is losing on every point. But when it does bottom out, he will still have more than everyone on THT, combined.

I wasn't referring to legitimate critique of the stock, but to personal attacks on Zuckerburg and those who built the company. People seem to get a kick out of keeping track of how much money he is losing on every point. But when it does bottom out, he will still have more than everyone on THT, combined.

Oh okay...that aspect of it is best described by the German word: "schadenfreude" - enjoyment derived from the trouble of others.

A 26 year old billionaire is an easy target.

People are envious, sure... But, I think there's an aspect of this that makes people more resentful, though. Not just his age and success.. There was an arrogance with the IPO - it was a real cash-grab, and lots of small investors were duped. Zuckerberg is the face of all of this...

I wasn't referring to legitimate critique of the stock, but to personal attacks on Zuckerburg and those who built the company. People seem to get a kick out of keeping track of how much money he is losing on every point. But when it does bottom out, he will still have more than everyone on THT, combined.


I don't think people care how much he is losing. Its new found wealth. It is how much money the investors are losing.. The money the investors are losing is something they had and lost. Not Zuckerman still has alot of the wealth created that 1/2 day...

CNBC is doing a story today about what we were saying weeks ago.

People aren't using facebook as much and closing their accounts.

To bad we didn't capitalize on the speculation weeks ago;?

My wife always says.. We shoulda been rich:rofl::rofl::rofl:

UBS May Have FACEBOOK Trading Loss of $350 Million... (http://www.cnbc.com/id/47739332)

Facebook sucks. THT rules!

I don't think people care how much he is losing. Its new found wealth. It is how much money the investors are losing.. The money the investors are losing is something they had and lost. Not Zuckerman still has alot of the wealth created that 1/2 day...

Zuckerberg?

Zimmerman, Zuckerman, Zuckerberg - So many Zs, what's a lobster to do?
:grin:

It heading into the teens...

Facebook Inc
NASDAQ: FB - Oct 18 6:29pm ET
18.98-0.90 (-4.55%)


;cool;

Most people on FB wouldn't give me the right time of day if I *really* needed it. I've lost count how many THT'ers have helped me.

THT gets my time, FB is a waste of time.

Most people on FB wouldn't give me the right time of day if I *really* needed it. I've lost count how many THT'ers have helped me.

THT gets my time, FB is a waste of time.


X's 2, however I was able to locate some old friends via FB, once that was accomplished I was all but done.

Ask yourself this, it was already a company that existed, so they didn't need set up money. So the only reason to turn it public and sell it off as stock really, would be to help raise money to keep it afloat because it was sinking. Otherwise he would have kept control and sole ownership of it if its so lucrative. I was self employed up to my recent retirement, my wife to, and both of my children now are. We didn't do well for years, then suddenly sell off a part of our business because it was doing so great.

Or they just wanted to be billionaires before they turned 30 which they did. ;?