FaceBook IPO

**GreyWing** · 18-05-12, 04:01 PM

Few days to pull in the suckers then this stock will drop like an overweight pig. 100% sure as night follows day this will die on its backside.

**aZooZa** · 18-05-12, 04:03 PM

Absolutely. Just tweeted same. Preposterous really.

**GreyWing** · 18-05-12, 04:10 PM

Thing is mate, once the momentum (share price) is on the downward spiral the whole thing becomes uncool. Then users stop using it also, if I knew how short selling worked I'd be off short selling these to high heaven.

**aZooZa** · 18-05-12, 04:17 PM

Originally Posted by GreyWing

Thing is mate, once the momentum (share price) is on the downward spiral the whole thing becomes uncool. Then users stop using it also, if I knew how short selling worked I'd be off short selling these to high heaven.

The 'put' market will be open real soon. Tomorrow's trading I'm guessing.

**atlas** · 18-05-12, 05:07 PM

Good article about it here:

http://danariely.com/2012/05/16/the-...needs-enemies/

**accelerator** · 18-05-12, 06:54 PM

I didn't want to buy any Facebook stock in the IPO as I'd rather watch it for a while and see how it does with revenue generation from Advertising. I much prefer Google's search model for ad revenue generation.

Did anyone here buy any stock?

Rgds

**FagEnd** · 18-05-12, 11:38 PM

I wish I had the cash to buy a load of IPO shares and then dump them after a few hours trading. I had a feeling the price would soar for a while then drop back. No idea why the valuation is so high, I've never used facebook so I don't really understand the hype. Sure, it's worth a few bob but nowhere near $100bn +
Give it another few months and the share price will level out at around 10% of current value and lots of people will have lost a fortune.

**aZooZa** · 19-05-12, 01:27 AM

Originally Posted by FagEnd

I wish I had the cash to buy a load of IPO shares and then dump them after a few hours trading. I had a feeling the price would soar for a while then drop back. No idea why the valuation is so high, I've never used facebook so I don't really understand the hype. Sure, it's worth a few bob but nowhere near $100bn +
Give it another few months and the share price will level out at around 10% of current value and lots of people will have lost a fortune.

One comment on the blog that Jeff posted sums it up for me:

The real losers are the personal investors thinking about long term holdings who will end up paying the price for the exits of the smart VCs and institutional investors who dump the stock within 48 hrs.

I'm all for acquisitions; exits, mergers, flotations and IPOs etc - but the sums involved here are obscene. I'll be a lot happier once I see which charities Zuckerberg decides to support; and support VERY generously. A fraction of the sort of money he'll be holding would be life-changing for abused and needy animals (add your favourite charitable cause here).

**FagEnd** · 19-05-12, 02:11 AM

You can't really demand that someone should be a philanthropist just because they have shitloads of money. It's good if they decide to do good things with their obscene amount of wealth, but at the end of the day, it's their money and they can do what they please with it. I still wouldn't mind a small slice for myself