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Re: NASDAQ:FB

#131

Post by larrys »

joering2 wrote: post #72
mmaunder wrote: post #47

Earlier quoted context omitted.

I'm guilty of wishing FB a bit of schaden myself, but if they actually have a business on their hands and the market reflects that in the coming months and years, the effect is that access to capital for all of us will not be a problem for the next decade. Think of the effect that the Google IPO has had on access to angel and other investment capital. Two of my angels are former Googlers and my previous business was…

I think if most wishes it to tank, its not because of envy, but rather because we all see how people lose control over their private data in the name of chilling out with friends on the cool website. This is extremely sweet candy that feels so good right now, but eventually you will throw up and have cavities. To me a wake-up call was a huge investment that FB accepted from DST.

I made a comment below about how I actually profit from things like this (stock going up and the high value assigned) in what I do. I gave it some more thought and think the reason most people (including myself) would secretly wish for the stock to tank is because we feel that there is something unjust going on with how much money they are making relative to what they are doing and whether it is even sustainable. Sure we wish people success (especially when we profit) but this success seems out of proportion (didn't feel the same about google fwiw). If we believe that is the case (overvalued by the metrics and media hype and attention especially) then by the stock dropping our thoughts are validated. That's a guess at the phenomena going on here.

(As an example very few swimmers are probably jealous with Michael Phelps success because he totally earned it. )

Re: NASDAQ:FB

#132

Post by mertd »

alecco wrote: post #115
alexchamberlain wrote: post #109

Earlier quoted context omitted.

It sounds like NASDAQ were having traffic issues. Be interesting to hear the excuse .

The market's full of morons today. http://blogs.wsj.com/marketbeat/2012/05/18/crazy-but-true-a-...

That looks like a fat finger typo: $4000 instead of $40.00

Re: NASDAQ:FB

#133

Post by jonknee »

emiranda wrote: post #128
jcfrei wrote: post #122

Earlier quoted context omitted.

if google finance' trading volume is accurate, it's pretty crazy right now: Vol / Avg. of 119.31M shares after 20 minutes (out of 421,233,615 shares)!

What exactly does that mean if you don't mind me asking?

That 25% of the company has changed hands in 20 minutes.

Re: NASDAQ:FB

#134

Post by pilom »

corford wrote: post #66

Although I'm generally a market bear and have been saying we're in a bubble for months, even I'm having a hard time seeing how there isn't going to be an almighty pop today given the sheer amount of irrational exuberance over this. My bet is FB closes somewhere between $55 and $65. Anyone else fancy making a prediction? [ edit: stuck an upper limit on my prediction to make it more interesting :) ]

My bet is it closes somewhere between $35 and $45. The owners pushed back against the bankers at every turn to push for a higher price. If they don't price at the start of the day effectively, the original shareholders lose money to the bankers who set up the IPO like what happened to LinkedIn.

Re: NASDAQ:FB

#135

Post by Aqua_Geek »

alecco wrote: post #116
mmaunder wrote: post #113

Trading in Zynga halted due to 13% drop and a circuit breaker tripped.

This is a very serious warning sign, FB IPO didn't take off as some people expected. This is going to be a very important day to the valley. http://www.businessinsider.com/zynga-shares-crushed-and-halt...

Is it a bad sign? Doesn't it mean that shares were priced appropriately and FB didn't leave much on the table?

Re: NASDAQ:FB

#136

Post by joezydeco »

fear91 wrote: post #88
joering2 wrote: post #72

Earlier quoted context omitted.

I think if most wishes it to tank, its not because of envy, but rather because we all see how people lose control over their private data in the name of chilling out with friends on the cool website. This is extremely sweet candy that feels so good right now, but eventually you will throw up and have cavities. To me a wake-up call was a huge investment that FB accepted from DST.

So are we rooting for the fall of Google, too?

I respect Google. The search engine they built was made out of the hard work of their own employees. They didn't build an empty bucket and wait for everyone else to do the hard work and fill it up.

Sure, Facebook is full of clever hacks and nice features but the gas in that engine is the data happily supplied by their users, for the low low cost of free.

Re: NASDAQ:FB

#137

Post by clueless »

emiranda wrote: post #126

So... that percentage next to the stock price represents the change in value since it opened? Mine currently says +0.99 (2.61%) but the stock opened at $42 and the current price is $39. I would think the number should be a negative value/percentage.

It's based on the $38 pricing, not the opening.

Re: NASDAQ:FB

#138

Post by marshray »

phillmv wrote: post #110
marshray wrote: post #92

Earlier quoted context omitted.

And if the FB IPO ends up being perceived as primarily a massive transfer of wealth from enthusiastic well-meaning small investors to the brokers and investment bankers?

Well, that is called playing the stock market. No, I'm much more concerned with the bets the fund in which my dad's union's retirement pension plan is coming from.

I'm no investment pro but FB's valuation seems unjustified to me, so I'm searching around for explanations. Where is this additional demand for these shares coming from?

The best explanation I can come up with is that FB benefits from its massive base of engaged users. I imagine there are a great many individual investors who are torn between wanting to participate in "internet tech" and wanting to not invest in what they don't understand. FB comes along and I imagine many of them to reason "I use it all the time, therefore I understand it". I believe Microsoft has also benefited from this effect.

These people believe they are value investing, not playing the market.

Re: NASDAQ:FB

#139

Post by [deleted] »

alecco wrote: post #116
mmaunder wrote: post #113

Trading in Zynga halted due to 13% drop and a circuit breaker tripped.

This is a very serious warning sign, FB IPO didn't take off as some people expected. This is going to be a very important day to the valley. http://www.businessinsider.com/zynga-shares-crushed-and-halt...

[deleted]

Re: NASDAQ:FB

#140

Post by twakefield »

Seems like Morgan Stanley and friends priced/played it perfectly for their client. Isn't that their role...to get the highest IPO price for the company they represent? It seems like the companies get screwed when there is big post IPO pop. It's a way for the banks to reward their customers at the expense of the company.
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