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Thread: FaceBook Stock

  1. #1
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    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.

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

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    [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.

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    [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

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    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%

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    [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

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    [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:

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    Facebook sucks I never got it.

  9. #9
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    Like every other bubble, the Social Media bubble will burst.

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    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.

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    [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.

  12. #12
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    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]

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    [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]

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

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

    This.

  16. #16
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    Didn't it trade for the better part of the day below the IPO? **** it closed up only twenty cents.

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    [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.

  18. #18
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    [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.

  19. #19
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    [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.

    -

  20. #20
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    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?"

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