1. #1
    bettilimbroke999
    bettilimbroke999's Avatar Become A Pro!
    Join Date: 02-04-08
    Posts: 13,254
    Betpoints: 506

    Facebook stock down by 50% in 3 months since IPO

    Geez....slightly overvalued?

  2. #2
    Brock Landers
    Forever in Debt to your Priceless Advice
    Brock Landers's Avatar Become A Pro!
    Join Date: 06-30-08
    Posts: 45,360
    Betpoints: 8792

    Check out groupon....

  3. #3
    brooks85
    brooks85's Avatar Become A Pro!
    Join Date: 01-05-09
    Posts: 44,709
    Betpoints: 6881

    I loved the story by Bloomberg on the Fertitta brothers(UFC and station casinos). They had a chance to buy facebook stock early and turned it down.

  4. #4
    playersonly69
    playersonly69's Avatar SBR PRO
    Join Date: 01-04-08
    Posts: 12,827
    Betpoints: 142

    Not really that much of a suprise.



    I mean the stock was soo high when it opened that it had limits on high much higher that it could go. The only to go was down

  5. #5
    PickWinnerAllDay
    I'd never gamble again for Taylor Swift
    PickWinnerAllDay's Avatar Become A Pro!
    Join Date: 08-31-11
    Posts: 12,722
    Betpoints: 14

    what

  6. #6
    wantitall4moi
    wantitall4moi's Avatar Become A Pro!
    Join Date: 04-17-10
    Posts: 3,063
    Betpoints: 3834

    wait til next month when the guys who havent been able to sell yet dump that toilet paper. I thought it might go to 12 but all signs point to it at single digits at this point.

    It just shows how corrupt the whole market system is and why no one ever got 'rich' actually working, the only way you make mega amounts of money is conning a lot of people out of their money that they actually did work for.

  7. #7
    bettilimbroke999
    bettilimbroke999's Avatar Become A Pro!
    Join Date: 02-04-08
    Posts: 13,254
    Betpoints: 506

    Quote Originally Posted by playersonly69 View Post
    Not really that much of a suprise.



    I mean the stock was soo high when it opened that it had limits on high much higher that it could go. The only to go was down
    Dont tell that to Apple at fuckin 648 a share

  8. #8
    PickWinnerAllDay
    I'd never gamble again for Taylor Swift
    PickWinnerAllDay's Avatar Become A Pro!
    Join Date: 08-31-11
    Posts: 12,722
    Betpoints: 14

    Quote Originally Posted by bettilimbroke999 View Post
    Dont tell that to Apple at fuckin 648 a share
    Price of the stock is meaningless without considering how many shares.

  9. #9
    Shafted69
    Green Shoots 2021
    Shafted69's Avatar Become A Pro!
    Join Date: 07-04-08
    Posts: 6,412
    Betpoints: 1693

    PE is still waaaaay too high on FB

  10. #10
    bettilimbroke999
    bettilimbroke999's Avatar Become A Pro!
    Join Date: 02-04-08
    Posts: 13,254
    Betpoints: 506

    Quote Originally Posted by wantitall4moi View Post
    wait til next month when the guys who havent been able to sell yet dump that toilet paper. I thought it might go to 12 but all signs point to it at single digits at this point.

    It just shows how corrupt the whole market system is and why no one ever got 'rich' actually working, the only way you make mega amounts of money is conning a lot of people out of their money that they actually did work for.
    No one ever got rich working, they either get rich by ripping off their employees with horrendous wages and selling their work for a fortune, by buying something for a buck and selling it for 5 or by flat out stealing from others...work is just for the suckers.

    Online bookies are a prime example, they make a nickel on every dollar bet in the long run and ask you to pay a fortune in "withdrawal fees" if you ever luck out and overcome their huge advantage and win...of course the 1% that can beat them are quickly shown the door...now THATS how you get rich

  11. #11
    lump
    lump's Avatar Become A Pro!
    Join Date: 07-18-07
    Posts: 22
    Betpoints: 43

    got screwed on fb - bought day 1. yes, i know, i'm an idiot. really want to sell but hate to take the loss. any suggestions?

  12. #12
    bettilimbroke999
    bettilimbroke999's Avatar Become A Pro!
    Join Date: 02-04-08
    Posts: 13,254
    Betpoints: 506

    Quote Originally Posted by lump View Post
    got screwed on fb - bought day 1. yes, i know, i'm an idiot. really want to sell but hate to take the loss. any suggestions?
    That money is long gone...you bought about the most overvalued IPO in history cut your losses punch the wall and GTFO

  13. #13
    paranoyd androyd
    paranoyd androyd's Avatar SBR PRO
    Join Date: 10-01-11
    Posts: 6,459
    Betpoints: 134523

    Quote Originally Posted by lump View Post
    got screwed on fb - bought day 1. yes, i know, i'm an idiot. really want to sell but hate to take the loss. any suggestions?
    how deep are you in, as in % of your portfolio?

  14. #14
    UntilTheNDofTimE
    I thought i told you that we dont stop
    UntilTheNDofTimE's Avatar Become A Pro!
    Join Date: 05-29-08
    Posts: 9,283
    Betpoints: 151

    Not surprising. About $9 a share seems about right. Their profiting about $1 per user a quarter. That is nothing.

  15. #15
    ACoochy
    Am i serious? Are you serious?
    ACoochy's Avatar Become A Pro!
    Join Date: 08-19-09
    Posts: 13,949
    Betpoints: 5324

    In short, those stupid enough 2 buy into a company that had more ppl leaving than joining deserve to lose their fukkin shirts...

  16. #16
    muldoon
    muldoon's Avatar Become A Pro!
    Join Date: 01-04-10
    Posts: 4,397

    http://finance.yahoo.com/blogs/daily...135927224.html

    It's been quite a week for Facebook (FB) CEO Mark Zuckerberg. First a better than expected earnings report which led Zuckerberg's personal fortune to jump almost $4 billion in one day. Today, Facebook shares traded above $38 for the first time since the stock began trading in May 2012.

  17. #17
    NYSportsGuy210
    NYSportsGuy210's Avatar Become A Pro!
    Join Date: 11-07-09
    Posts: 11,347
    Betpoints: 131

    Facebook will hit $50 in about 7-8 months.

  18. #18
    FreeFall
    FreeFall's Avatar Become A Pro!
    Join Date: 02-20-08
    Posts: 3,365
    Betpoints: 2391

    by adding annoying advertisements in the form of overriding videos for their users?

  19. #19
    UntilTheNDofTimE
    I thought i told you that we dont stop
    UntilTheNDofTimE's Avatar Become A Pro!
    Join Date: 05-29-08
    Posts: 9,283
    Betpoints: 151

    And the give a gift advertisements for birthdays....haha

  20. #20
    NYSportsGuy210
    NYSportsGuy210's Avatar Become A Pro!
    Join Date: 11-07-09
    Posts: 11,347
    Betpoints: 131

    Quote Originally Posted by FreeFall View Post
    by adding annoying advertisements in the form of overriding videos for their users?
    Pretty much. They have to increase revenues somehow. Otherwise they were on the path to like $12 a share.

  21. #21
    muldoon
    muldoon's Avatar Become A Pro!
    Join Date: 01-04-10
    Posts: 4,397

    Quote Originally Posted by NYSportsGuy210 View Post
    Facebook will hit $50 in about 7-8 months.
    Nice call

    Facebook, Inc. (FB)

    -NasdaqGS Follow

    55.12 0.07(0.13%) 4:00PM EST|After Hours : 55.08 0.04 (0.07%) 7:59PM EST

  22. #22
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    Twitter booming too

  23. #23
    Ron_Paul_2012
    Ron_Paul_2012's Avatar Become A Pro!
    Join Date: 01-31-13
    Posts: 3,953
    Betpoints: 3985

    Quote Originally Posted by bettilimbroke999 View Post
    Geez....slightly overvalued?
    It was a pump & dump scheme. Max Keiser warned all of his audience about it well before the IPO was even offered. Frankly I do not see how anyone could not see this coming. But, then again I don't see how so many people lost 50% of their life savings during the 2007-2008 economic collapse. I guess there are far more uneducated suckers in the world then I can imagine.

  24. #24
    d2bets
    d2bets's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 39,773
    Betpoints: 21413

    Quote Originally Posted by Ron_Paul_2012 View Post
    It was a pump & dump scheme. Max Keiser warned all of his audience about it well before the IPO was even offered. Frankly I do not see how anyone could not see this coming. But, then again I don't see how so many people lost 50% of their life savings during the 2007-2008 economic collapse. I guess there are far more uneducated suckers in the world then I can imagine.
    Say what!? Facebook is almost 50% up since it's IPO. Max Keiser was wrong. Those who bought and held have been rewarded. I bought under $20 on the early dip. I'm happy.

    And people who "lost" 50% of their savings (I think you mean investments) in 2007-2008 have gained it all back and then some if they just did nothing. You're probably the same guy that's been yelling for the last 4-5 years that the market was going to keep doing down and collapse. If you're always calling for collapse you'll be right once in awhile.

  25. #25
    Inkwell77
    Inkwell77's Avatar Become A Pro!
    Join Date: 02-03-11
    Posts: 3,227
    Betpoints: 2413

    It seems to me the demographic of 20-somethings is going further and further away from Facebook and mainly using Twitter/Instagram
    Facebook just isn't as "cool" from my understanding

  26. #26
    d2bets
    d2bets's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 39,773
    Betpoints: 21413

    Quote Originally Posted by Inkwell77 View Post
    It seems to me the demographic of 20-somethings is going further and further away from Facebook and mainly using Twitter/Instagram
    Facebook just isn't as "cool" from my understanding
    I think you're wrong. Facebook has the best platform and business model among those, easily. It's cool to say it's not cool, but still use it.

  27. #27
    brooks85
    brooks85's Avatar Become A Pro!
    Join Date: 01-05-09
    Posts: 44,709
    Betpoints: 6881

    FB will be at 60 before long

  28. #28
    Thor4140
    Thor4140's Avatar Become A Pro!
    Join Date: 02-09-08
    Posts: 22,285
    Betpoints: 22119

    Quote Originally Posted by lump View Post
    got screwed on fb - bought day 1. yes, i know, i'm an idiot. really want to sell but hate to take the loss. any suggestions?
    Nah man u just got played. It is just like professional sports. They pump up a team and everyone plays it and they have crooked players or crooked refs help the bookmakers. Facebook was very popular. The wheeled people in and then stole their money. You see a popular stock like this offered run the other way or short it.

  29. #29
    muldoon
    muldoon's Avatar Become A Pro!
    Join Date: 01-04-10
    Posts: 4,397

    Quote Originally Posted by lump View Post
    got screwed on fb - bought day 1. yes, i know, i'm an idiot. really want to sell but hate to take the loss. any suggestions?
    FB at $77 now. What price did you get "screwed" on?

  30. #30
    Inkwell77
    Inkwell77's Avatar Become A Pro!
    Join Date: 02-03-11
    Posts: 3,227
    Betpoints: 2413

    Up almost 300% since this thread was made.

    Absolutely amazing to me as it seems the site is being used less and less.

Top