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Thread: Anyone buying Facebook Shares?

  1. #1
    Administrator CatInASuit's avatar
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    Default Anyone buying Facebook Shares?

    Its going to be the biggest IPO going, making a lot of people millionaires. It's been heavily oversubscribed, so I would imagine a lot of companies and people are trying to buy the initial shares befoer they hit the stock market.

    I was wondering if anyone here was taking a punt on it, or if you think it is going to shoot up in price on Day 1 followed by a crash in a few months time?

    If you had the opportunity, would you buy shares in it?
    In the land of the blind, the one-arm man is king.

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    Oliphaunt The Original An Gadaí's avatar
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    I don't think I would even if I had a few bob. Frankly my mind boggles at how much these companies are nominally valued at.

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    Oliphaunt Rube E. Tewesday's avatar
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    I just don't see it. I suspect it's over-valued the way AOL was at the time of the Time-Warner merger. Everybody uses it, sure, but where's the cash?

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  5. #5
    Oliphaunt
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    I wouldn't buy Facebook shares because I can't see how it's any different from all the other Big Internet Things that have already fallen by the wayside. If it's still around and profitable in 5 years, then maybe.

    Interesting article, AG.

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    Elen síla lumenn' omentielvo What Exit?'s avatar
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    I'm not touching it but then I hate to gamble. To me the company is already overvalued and only those that get the initial price and turn it over quickly are likely to make out on the deal.

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    Member Elendil's Heir's avatar
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    Ditto. Plus I think Mark Z. is a jerk and I don't wanna put any more money in his pocket. I'm not even on Facebook.

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    Administrator CatInASuit's avatar
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    Hmm, looks like the only reason that the shares didn't wind up below their initial price, was because several of the underwriting banks stepped in and bought up shares.

    Otherwise it could have finished its opening day with a lower price than it started with.
    In the land of the blind, the one-arm man is king.

  9. #9
    Elen síla lumenn' omentielvo What Exit?'s avatar
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    Quote Originally posted by CatInASuit View post
    Hmm, looks like the only reason that the shares didn't wind up below their initial price, was because several of the underwriting banks stepped in and bought up shares.

    Otherwise it could have finished its opening day with a lower price than it started with.
    Yep, it did worse then I even expected. But it really is overvalued at this point and like EH, I don't even use it so I would never invest in something I didn't use.

  10. #10
    Administrator CatInASuit's avatar
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    Looks like the shares are beginning to tumble. Already down 10% on their IPO price.

    Zuckerberg is going to have to prove some value from all those people on Facebook.
    In the land of the blind, the one-arm man is king.

  11. #11
    Administrator CatInASuit's avatar
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    Uh-oh. It looks as though there has been some financial chicanery around the launch with certain investors getting a sneak preview of a report saying Facebook was not going to do as well as it was first stated.

    Looks like there is already a lawsuit on the way from shareholders left with devalued shares.
    In the land of the blind, the one-arm man is king.

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