Facebook stock recovering from IPO disaster
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ElectricBlanketFire
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I'm upgrading it to a don't buy!
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BronsonLee
Member
I'm upgrading it to a don't buy!
I like the cut of your jib, Kramer
Good on them for making a go of it instead of just collapsing entirely... Isn't that right Zynga
god that mustve sucked....until today that is! wooo gravy train!
good luck, 40 grand sounds like an awful lot, i own 50 shares i think...
HerbertFish
Member
It hit 37.96. Huge huge resistance there for obvious reasons.
If it can beat the 38.00 mark, it will run for awhile. May open at that price tomorrow.
If it can beat the 38.00 mark, it will run for awhile. May open at that price tomorrow.
still got my fiddy shares brehs! no stopping this zuckerberg train!
probably gonna sell half soon, to fund my next-gen purchases
Sanky Panky
Banned
DAT Fed money.
NeoGeoOwner
Banned
Time to buy.
Yours,
Franck
Yours,
Franck
diffusionx
Gold Member
Bought it at the bottom - $18 a share or so.
damn you!
friskykillface
Banned
hmmmmm i should have bought it when the prices were tanked. bummer
Epsilon-delta
Banned
You should have bought when it crashed. This is what amateur traders do, they always try to get on the big move when it's too late. The smart money sells into these new highs due to new money pushing the price up and then the stock goes down again, forcing amateurs to sell.
If you're going to buy FB, buy on the next pullback, not now.
Epsilon-delta
Banned
Boom, just like me. This is how you make money in the stock market.
They actually have a good long-term product, unlike those two.
i kinda dissagree, i think people are gonna sell because it's a nice round number (50), but then it will continue to rise, it has a lot of momentum right now, valid or not, it is what it is, i wouldnt wanna be caught in a short sell on this one, no sir
Epsilon-delta
Banned
My post wasn't clear enough I guess. I wasn't talking about short selling, I was talking about investors taking profits, selling some of their position with these new highs. Then load up again on the next pullback.
diffusionx
Gold Member
I look at it this way.
Google has basically bet the company on social and G+ is more or less an afterthought in the Google ecosystem. Facebook has neutralized every threat they have faced and capitalized on every opportunity. Some opportunities work about better than others but they are game for all of it. There's no reason not to think they won't be around for a while.
Google has basically bet the company on social and G+ is more or less an afterthought in the Google ecosystem. Facebook has neutralized every threat they have faced and capitalized on every opportunity. Some opportunities work about better than others but they are game for all of it. There's no reason not to think they won't be around for a while.
So you think it'll dip to under 50 in the near future? Temporarily, at least?
I kind of feel like that's too optimistic of a view - I think Facebook is a strong company, but I don't know if they are diverse enough that a single upset couldn't fuck them royally.
I'm going in for a 1,000 shares of Twitter as well. I'm less bullish on Twitter in the long term as I am with FaceBook (which I now own 5,000 shares of) but I'm in for 1,000 shares.
I worked at Apple from 2005 until 2008. I had my 401k match in Apple stock and I participated in their employee stock purchase plan. Lets just say my IRA is stacked.
Selling their data to ad companies I think makes sense, if they don't already do this.
I'm an expert
Formerly worldrevolution. The only reason I am nice to anyone else is to avoid being banned.
I went ahead and grabbed a few thousand more worth of shares.. people are definitely right that it's gonna go down now from shorts but I feel like FB has potential to eventually get near 100.
i notice twitter started "promoted by" tweets, which appear at the top of one's twitter feed
in my case it was a local education company in my geographic area, so obviously twitter has tons of data to make marketing more effective
i like twitter and so does just about everyone in the media, moreso than FB, which has a net negative media opinion.
im in. not at IPO, my new rule post-Faceflop, is odds are, if you can get in on an IPO, youre gonna get burned. if you cant get it in, odds are the stock will be successful, after all, why let the little guy share in the market's successes amiright
Epsilon-delta
Banned
Yes sir.
Epsilon-delta
Banned
5000 shares in Facebook is ~$250k as of right now. We have some big ballers here on GAF.
well, i see, but i guess my point is, what's your definition of a pullback? if we do see one it would more likely be martket-wide imo,
Sanky Panky
Banned
I hope you are well diversified...
My IRA is $850,000. I have $300,000 of it in a brokerage account that I play with and $500,000 with a finacial advisor. I'm 30 years old. I can afford play with some.
I did.
How?
just looked at 2005 apple stocks. mother of god. you are now very rich
I posted it above. I worked for Apple for a few years when I graduated from college and when I started there the stock was around $50. I started putting my full 401k + match (which was in Apple stock) and particpating in the Employee Stock Purchase plan at 10% of my salary.
I'm an expert
Formerly worldrevolution. The only reason I am nice to anyone else is to avoid being banned.
Anyone who put in at least 20k in Apple even as late as 2007 came out very well assuming they had the strength to hold on till 2011ish.
Escape Goat
Member
I want to be you.
Did you get in sub 50?
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