[the invisib1e hand]

I wonder what Apple was valued at in terms of projected next year's earnings when it went public.

Tech IPO's are always "overpriced." It's almost tautoligical.

Does anyone know what this company is worth? It seems to be nearly entirely potential; and nobody knows what the upside is -- it's practically incalculable; but so are the contingencies.

How long does the average user sit in front of a Facebook page? How many man hours are spent viewing facebook pages each day globally? What is buying time in front of that captive audience worth? Somebody run the numbers. I'm sure it's huge.

The problem is that with a half billion shares out, it's no slam-dunk bargain.

[Old Teufel Hunden]

"Does anyone know what this company is worth? It seems to be nearly entirely potential; and nobody knows what the upside is -- it's practically incalculable; but so are the contingencies."

The same questions we had in the late 90's that lead to the dot com bubble burst and the mild recession that started around March 2000. All the investors were buying up these dot com stocks almost entirely on potential. Looks like some of the investors haven't learned.