OFFICIAL Facebook IPO Thread

Will you be purchasing Facebook stock?

  • Total voters
    124
  • Poll closed .


pocketrockets said:
True, but if one does not follow at least the basic valuation models you'll likely get burned.
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I agree that the market will sort out an efficient price, I just get spooked when I see people make objective value statements.

It might be overvalued to dchuk, but clearly it is not overvalued to the buyers because they are laying their cold hard cash down for it.
 
Dresden14 said:
If anything it might be a fun pump and dump. buying it now and flipping it in a week or month due to all the hype. I dont keep tabs on fb tho, when is it going public?
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So I took my own advice, and bought in at $10,000 even on scottrade at $38.85. I feel the need to quote myself, like I said - pump and dump. If you bought in this morning I'd hold it for like a week then sell. Once all the hype goes away, as will the price. There might be some long-term potential, but I doubt it. I'd personally probably hold for about a week or so which is what I plan on doing.
 
mGrunin said:
On a somewhat relative note, I'm sitting on 13,000 shares of Zynga with an avg pps of $8.40. I'm hoping that with FB's IPO, and all the hype to get FB shares, people might start grabbing shares of Zynga, considering that 15% of FB's revenue comes from Zynga. It's currently at $8.34 aftermarket, and will probably be $8.50 pre-market, but for the last 2 days, shorters have been pushing the stock down every time it starts gaining. I would be decently happy if the stock would just push to $10, and sell it all for a $20k gain. Wouldn't be too shabby for getting into the stock last Friday.
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Ouch.

26%+ of the float was short 2-weeks ago (probably 30%+ now). Hopefully some good news will come out and make it pop for you.
 
It just broke down below $40, this next hour of trading is going to be very interesting.
 
Was $38.10 for a moment there :/
I bet I would start shitting my pants just about now if I was trading..
 
Just sold everything I had in Zynga. It literally got murdered today. Checking out the sales log right now, almost every transaction is a short.

Took a $16,000 loss on it. Meh.
 
Facebook is just pennies above $38. I think it's going to bounce again. But if it sits at exactly $38 for too long...watch out.
 
It just sitting at 38 and 38.01. That's not good, there is still 9 minutes left.

I'd be bailing right now if I owned it.
 
mGrunin said:
Just sold everything I had in Zynga. It literally got murdered today. Checking out the sales log right now, almost every transaction is a short.

Took a $16,000 loss on it. Meh.
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Ouch...

I saw that Zynga was going down pretty hard. They said they stopped it twice, last time I saw the stock it was down 11% now its down 14%.


Also im not a big stock guy and I was reading an article saying that facebook was keeping the stock at 38$ with underwriters? Does this mean it can't drop below $38?
 
Bono did well.

The short version:

Bono launched a private equity firm in 2009 with partners. They bought 2.3% of FB for $90 million back then. Today, the stake is worth $1.9 billion.

No one knows the split among the partners, but there's speculation Bono doubled his wealth (i.e. made $150 million).

It's good work if you can get it. (Translation: with IPOs, it helps to get in early).
 
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