FaceBook Stock

Alkrotraz · 05-18-2012, 11:22 AM

Did anyone get in on the IPO? Did anyone put in a buy order at market open? NASDAQ was supposed to open stock at 11am and still not trading, plus ATT is having telecommunications issue in NYC at same time.

I would be scared if I had a buy order at open, could be a crazy open with system issues and telecom issues.

Bonhomme Richard · 05-18-2012, 11:37 AM

I don't understand how this is legal and I can't legally bet on a football game.

shakin318 · 05-18-2012, 11:37 AM

[QUOTE=Alkrotraz;4471946]Did anyone get in on the IPO? Did anyone put in a buy order at market open? NASDAQ was supposed to open stock at 11am and still not trading, plus ATT is having telecommunications issue in NYC at same time.

I would be scared if I had a buy order at open, could be a crazy open with system issues and telecom issues.[/QUOTE]

Average Joe traders will be able to get in just in time for the initial surge to start tanking.

dmitexxi · 05-18-2012, 11:47 AM

[QUOTE=shakin318;4471961]Average Joe traders will be able to get in just in time for the initial surge to start tanking.[/QUOTE]

This guy gets it

Joe W. Namath · 05-18-2012, 12:01 PM

Stock was to bein trading @ 11am, but Nasdaq had so many orders it didnt open till around 11:30

82,000,000 shares traded in the 1st 30 seconds. Stock opened up 12% but has dropped down to 5%

Alkrotraz · 05-18-2012, 12:12 PM

[QUOTE=Joe W. Namath;4471979]Stock was to bein trading @ 11am, but Nasdaq had so many orders it didnt open till around 11:30

82,000,000 shares traded in the 1st 30 seconds. Stock opened up 12% but has dropped down to 5%[/QUOTE]

Back to 40 but hit a Day Low $38.00

Fishooked · 05-18-2012, 12:50 PM

[QUOTE=Bonhomme Richard;4471960]I don't understand how this is legal and I can't legally bet on a football game.[/QUOTE]

+10000

I don't even know what the hell their business model is - getting more people over to Google+? Providing the world with more duckface girls?
New Zynga games?

At least Google is [I]useful[/I].

:shakes_cane_virulently:

thebigragu · 05-18-2012, 12:53 PM

Facebook sucks I never got it.

DDNYjets · 05-18-2012, 12:59 PM

Like every other bubble, the Social Media bubble will burst.

JetPotato · 05-18-2012, 01:01 PM

Let's see...

Supermega-overhyped IPO offering... check

No real product to sell... check

First real competition posing a threat... check

Decreasing ad reveneue... check

Literally 1,000 employees just instantly turned into millionaires who now no longer have a vested interest/motivation for success of the company... check

Sounds like a winner.

Carlton · 05-18-2012, 01:09 PM

[QUOTE=JetPotato;4472060]Let's see...

Supermega-overhyped IPO offering... check

No real product to sell... check

First real competition posing a threat... check

Decreasing ad reveneue... check

Literally 1,000 employees just instantly turned into millionaires who now no longer have a vested interest/motivation for success of the company... check

Sounds like a winner.[/QUOTE]

lol, couldn't agree more.

movethechains · 05-19-2012, 12:51 AM

Open thy mouth and insert foot Jerry Brown, caught the video on Kimmel live. It's gold Jerry I tell ya, gold! I think it aired this AM.

[URL="http://www.huffingtonpost.com/2012/05/18/jerry-browns-facebook-gaffe_n_1528189.html"]http://www.huffingtonpost.com/2012/05/18/jerry-browns-facebook-gaffe_n_1528189.html[/URL]

Fishooked · 05-19-2012, 08:34 AM

[QUOTE=JetPotato;4472060]Let's see...

Supermega-overhyped IPO offering... check

No real product to sell... check

First real competition posing a threat... check

Decreasing ad reveneue... check

Literally 1,000 employees just instantly turned into millionaires who now no longer have a vested interest/motivation for success of the company... check

Sounds like a winner.[/QUOTE]

Not to mention a giant, looming class action lawsuit

[url]http://www.zdnet.com/blog/facebook/facebook-hit-with-15-billion-class-action-user-tracking-lawsuit/13358[/url]

Fishooked · 05-19-2012, 08:36 AM

[IMG]http://verydemotivational.files.wordpress.com/2011/09/demotivational-posters-facebook-you.jpg[/IMG]

brady's a catcher · 05-19-2012, 09:39 AM

[QUOTE=shakin318;4471961]Average Joe traders will be able to get in just in time for the initial surge to start tanking.[/QUOTE]

This.

movethechains · 05-19-2012, 10:01 AM

Didn't it trade for the better part of the day below the IPO? **** it closed up only twenty cents.

jetstream23 · 05-19-2012, 03:56 PM

[QUOTE=DDNYjets;4472058]Like every other bubble, the Social Media bubble will burst.[/QUOTE]

Not sure I agree with this one. It's like saying in 1995 or 1998 that the "Search bubble" will burst. It didn't and it won't. Better companies may come along (Google supplanting Yahoo in search) but people will still have the need for a service to help them locate information in cyberspace. Similarly, people won't stop wanting to connect and share socially with friends and family on the internet. Will FB be the place to do that in 5 years? I don't know, but it certainly is the place to do it today, but someone could certainly come along and eat their lunch as well. Google+ is obviously and attempt.

jetstream23 · 05-19-2012, 03:58 PM

[QUOTE=movethechains;4472677]Didn't it trade for the better part of the day below the IPO? **** it closed up only twenty cents.[/QUOTE]

I think the underwriters were stepping in to buy shares whenever it got down to the 38 IPO price. They had spent months putting the offering together, soliciting clients and allocating IPO shares to their clients at 38. There was no way they were going to let it close under 38 on Day 1. Going forward though....I think they'll step aside and the true market will move this stock.

32green · 05-19-2012, 04:13 PM

[QUOTE=jetstream23;4472889] Similarly, people won't stop wanting to connect and share socially with friends and family on the internet.[/QUOTE]

Thats why I picked up a thou of Ashley Madison at 74 a share. Thank God I review my junk folder for gems that slip through.

-

FF2® · 05-19-2012, 05:50 PM

I had a chance to buy Xerox real low when copiers first came out. I said: "Who the eff is going to buy a machine when we already have carbon paper?"

05-18-2012, 11:22 AM	#1
Alkrotraz Practice Squad Join Date: Feb 2011 Posts: 384	FaceBook Stock Did anyone get in on the IPO? Did anyone put in a buy order at market open? NASDAQ was supposed to open stock at 11am and still not trading, plus ATT is having telecommunications issue in NYC at same time. I would be scared if I had a buy order at open, could be a crazy open with system issues and telecom issues.

05-18-2012, 11:37 AM	#2
Bonhomme Richard Board Moderator Jets Insider VIP Charter JI Member Join Date: May 1999 Posts: 4,102	I don't understand how this is legal and I can't legally bet on a football game.

05-18-2012, 11:37 AM	#3
shakin318 Beslubbering beef-witted lout Board Moderator Jets Insider VIP Charter JI Member Join Date: May 1999 Location: Funkytown Posts: 7,181	[QUOTE=Alkrotraz;4471946]Did anyone get in on the IPO? Did anyone put in a buy order at market open? NASDAQ was supposed to open stock at 11am and still not trading, plus ATT is having telecommunications issue in NYC at same time. I would be scared if I had a buy order at open, could be a crazy open with system issues and telecom issues.[/QUOTE] Average Joe traders will be able to get in just in time for the initial surge to start tanking.

05-18-2012, 11:47 AM	#4
dmitexxi RIP JF XXI Forever! Veteran Join Date: Dec 2008 Location: Long Island Posts: 2,029	[QUOTE=shakin318;4471961]Average Joe traders will be able to get in just in time for the initial surge to start tanking.[/QUOTE] This guy gets it

05-18-2012, 12:01 PM	#5
Joe W. Namath Darrell Bevell for HC in 2014. All Pro Join Date: Apr 2007 Location: Boynton Beach, FL Posts: 7,827	Stock was to bein trading @ 11am, but Nasdaq had so many orders it didnt open till around 11:30 82,000,000 shares traded in the 1st 30 seconds. Stock opened up 12% but has dropped down to 5%

05-18-2012, 12:12 PM	#6
Alkrotraz Practice Squad Join Date: Feb 2011 Posts: 384	[QUOTE=Joe W. Namath;4471979]Stock was to bein trading @ 11am, but Nasdaq had so many orders it didnt open till around 11:30 82,000,000 shares traded in the 1st 30 seconds. Stock opened up 12% but has dropped down to 5%[/QUOTE] Back to 40 but hit a Day Low $38.00

05-18-2012, 12:50 PM	#7
Fishooked dealin' out shithands Hall Of Fame Join Date: Sep 2006 Location: teh interwebz Posts: 24,721	[QUOTE=Bonhomme Richard;4471960]I don't understand how this is legal and I can't legally bet on a football game.[/QUOTE] +10000 I don't even know what the hell their business model is - getting more people over to Google+? Providing the world with more duckface girls? New Zynga games? At least Google is [I]useful[/I]. :shakes_cane_virulently:

05-18-2012, 12:53 PM	#8
thebigragu Downright Brilliant All Pro Join Date: Oct 2007 Location: Staten Island Posts: 7,828	Facebook sucks I never got it.

05-18-2012, 12:59 PM	#9
DDNYjets Bye week buh bye Rex Hall Of Fame Join Date: Oct 2011 Location: New York Posts: 12,300	Like every other bubble, the Social Media bubble will burst.

05-18-2012, 01:01 PM	#10
JetPotato fermenting Hall Of Fame Join Date: Sep 2005 Location: New York, NY Posts: 12,142	Let's see... Supermega-overhyped IPO offering... check No real product to sell... check First real competition posing a threat... check Decreasing ad reveneue... check Literally 1,000 employees just instantly turned into millionaires who now no longer have a vested interest/motivation for success of the company... check Sounds like a winner.

05-18-2012, 01:09 PM	#11
Carlton Teh jobless idle spawn of wealth guy. All Pro Join Date: Mar 2006 Posts: 7,381	[QUOTE=JetPotato;4472060]Let's see... Supermega-overhyped IPO offering... check No real product to sell... check First real competition posing a threat... check Decreasing ad reveneue... check Literally 1,000 employees just instantly turned into millionaires who now no longer have a vested interest/motivation for success of the company... check Sounds like a winner.[/QUOTE] lol, couldn't agree more.

05-19-2012, 12:51 AM	#12
movethechains Rookie Join Date: Apr 2003 Posts: 873	Open thy mouth and insert foot Jerry Brown, caught the video on Kimmel live. It's gold Jerry I tell ya, gold! I think it aired this AM. [URL="http://www.huffingtonpost.com/2012/05/18/jerry-browns-facebook-gaffe_n_1528189.html"]http://www.huffingtonpost.com/2012/05/18/jerry-browns-facebook-gaffe_n_1528189.html[/URL]

05-19-2012, 08:34 AM	#13
Fishooked dealin' out shithands Hall Of Fame Join Date: Sep 2006 Location: teh interwebz Posts: 24,721	[QUOTE=JetPotato;4472060]Let's see... Supermega-overhyped IPO offering... check No real product to sell... check First real competition posing a threat... check Decreasing ad reveneue... check Literally 1,000 employees just instantly turned into millionaires who now no longer have a vested interest/motivation for success of the company... check Sounds like a winner.[/QUOTE] Not to mention a giant, looming class action lawsuit [url]http://www.zdnet.com/blog/facebook/facebook-hit-with-15-billion-class-action-user-tracking-lawsuit/13358[/url]

05-19-2012, 08:36 AM	#14
Fishooked dealin' out shithands Hall Of Fame Join Date: Sep 2006 Location: teh interwebz Posts: 24,721	[IMG]http://verydemotivational.files.wordpress.com/2011/09/demotivational-posters-facebook-you.jpg[/IMG]

05-19-2012, 09:39 AM	#15
brady's a catcher R.I.P Goofy Maloof All Pro Join Date: Sep 2007 Location: Alexandria, VA Posts: 6,696	[QUOTE=shakin318;4471961]Average Joe traders will be able to get in just in time for the initial surge to start tanking.[/QUOTE] This.

05-19-2012, 10:01 AM	#16
movethechains Rookie Join Date: Apr 2003 Posts: 873	Didn't it trade for the better part of the day below the IPO? **** it closed up only twenty cents.

05-19-2012, 03:56 PM	#17
jetstream23 recovering from turf toe Jets Insider VIP Join Date: Dec 2005 Location: Phoenix, AZ (New Jets Stadium Section 246) Posts: 31,607	[QUOTE=DDNYjets;4472058]Like every other bubble, the Social Media bubble will burst.[/QUOTE] Not sure I agree with this one. It's like saying in 1995 or 1998 that the "Search bubble" will burst. It didn't and it won't. Better companies may come along (Google supplanting Yahoo in search) but people will still have the need for a service to help them locate information in cyberspace. Similarly, people won't stop wanting to connect and share socially with friends and family on the internet. Will FB be the place to do that in 5 years? I don't know, but it certainly is the place to do it today, but someone could certainly come along and eat their lunch as well. Google+ is obviously and attempt.

05-19-2012, 03:58 PM	#18
jetstream23 recovering from turf toe Jets Insider VIP Join Date: Dec 2005 Location: Phoenix, AZ (New Jets Stadium Section 246) Posts: 31,607	[QUOTE=movethechains;4472677]Didn't it trade for the better part of the day below the IPO? **** it closed up only twenty cents.[/QUOTE] I think the underwriters were stepping in to buy shares whenever it got down to the 38 IPO price. They had spent months putting the offering together, soliciting clients and allocating IPO shares to their clients at 38. There was no way they were going to let it close under 38 on Day 1. Going forward though....I think they'll step aside and the true market will move this stock.

05-19-2012, 04:13 PM	#19
32green The original road-kill pus slurper. MMMmmm pus. Board Moderator Jets Insider VIP JetsInsider.com Legend Join Date: Sep 2005 Location: The depths of Despair. Posts: 37,672	[QUOTE=jetstream23;4472889] Similarly, people won't stop wanting to connect and share socially with friends and family on the internet.[/QUOTE] Thats why I picked up a thou of Ashley Madison at 74 a share. Thank God I review my junk folder for gems that slip through. -

05-19-2012, 05:50 PM	#20
FF2® Believes Sloppy Guy was involved JetsInsider.com Legend Join Date: Mar 2005 Posts: 46,212	I had a chance to buy Xerox real low when copiers first came out. I said: "Who the eff is going to buy a machine when we already have carbon paper?"