[EEGator]

Is it wrong that I want it to plummet on Monday?

[skr]

Shades of the dot-com bubble!

[E. Pluribus Unum]

0.6% per day x 250 trading days per year = 150% per year.

[New Jersey Realist]

How the hell does Facebook make that kind of money?????

[boomop1]

Traders in a down economy are not hopping on this band wagon as would have years past, then what do I know.

[henkster]

The Facebook IPO was way over-hyped. It was even over-hyped by several shows onFox Business Channel that focused on how over-hyped it was.

[Larry Lucido]

Not so much hype as obsession. I say BFD. If it goes up, it goes up. If it goes down, it goes down.

It is what it is. Anyone who invests more than they can afford to lose is a fool or very lucky.

[onyx]

BUT FOR, the underwriters, FB would have tanked today.

Too many shares and way overpriced.

[discostu]

Actually I think that means it was right on target. People had expectations it would go psycho up, but that’s .com thinking, that’s two booms ago. In normal times when an IPO stays at about the price they opened at that means that the folks who set the open price got it right, you don’t normally expect them to triple in price in 2 hours like in the 90s, that was crazy time.

[eyedigress]

Facebook is going to have a problem as it really doesn’t sell anything. People comparing it to Ebay, Microsoft or Cracker Barrel fail to see one very important ingredient.

[redgolum]

Yes.
Next question.

[ctdonath2]

So it was valued correctly. What’s the problem?

[taxcontrol]

A contrarian view:

A stock that trades sideways is priced right.
A stock that is trading up, is under priced till it trades sideways.
A stock that is trading down, is over priced till it trades sideways.

[Mister Da]

Grossly over-hyped, IMO.

[glorgau]

Sounds to me like they priced it exactly right. The company reaped all the money from the offering - that’s the idea.

[norwaypinesavage]

Actually, the .06% gain is erroneous. 400 million shares traded in the first four minutes at what appear to be $42 per share. The remaining 200 million sold for less than that. Therefore, most traders lost money.

[sergeantdave]

You can buy 10,000 likes on your facebook page for $200. See the scam, you bloody morons.

[Intolerant in NJ]

However, with anecdotal reports that some institutional investors got more shares than they were expecting...I watched the rollout this morning on CNBC - delayed for one-half hour - supposed to start trading at 11:00AM, then 11:05, then 11:15, and finally hit the road at !!:30 with some sort of behind the scenes plays going on - rumor was that big players usually ask for 50% more shares than they really want on an IPO because they usally can't get all the ask for - but FB was providing all everyone was requesting, so at the last minute many traders were trying to return shares which they knew they couldn't sell - LOL as they say......