(Photo: NYT- Jim Young/Reuters)
Posted on 05/22/2012 7:15:25 AM PDT by C19fan
Facebook immediately fell below $32 a share at the opening bell.
http://www.google.com/finance?q=fb
Right price is $8-$9 for year and it may drop further.
Fakebook.
IMO, the GM hype of pulling it’s advertising from Facebook, contributed to the price drop.
There was so much hype about Facebook. Now their stock price is sinking.
Well, the market sets the price for stocks, based on the collective opinions of buyers and sellers. Maybe Facebook wasn’t such a great investment at the initial public offering price?
Suckers everywhere...
It’s only a great investment if you decided to short the stock! LOL!
Short it, short it, short it!
I read an analysis of the company yesterday - had lots of numbers and charts and stuff that I sort of gloss over (not htat I would understand really) - and it said between $6 and $7 is just about right.
Owie.
(Photo: NYT- Jim Young/Reuters)
Another poster had it right when he coined “Zucker’s Suckers”
Can’t wait to see the movie they make about this drama.
IMO, those who scrambled to get onto the FB train thought they were buying the equal of Apple at $12. A projected 100B market cap for what, a social media underpinned by a hope for retail sales? Wow.
Anyway, the investment houses now are the market, they control the price of the stock...until the revenue numbers begin to increase, they are stuck trying to maintain the price. They also cannot sell: they have a huge loss if they do assuming they find someone to buy their stock. Classic case of where the sellers make the market.
Next month’s “Myspace”
Maybe Facebook wasn’t such a great investment at the initial public offering price?”
I think you’re pretty safe on that point!
damm... I said it yesterday- It was a great short opportunity- if I had sold a millions shares short I would have 6 millions bucks in my pocket
If it gets down there, Fakebook should purchase all the outstanding shares.
snicker, snicker
They should change their name to Facebubble.
I think that may be so.
What makes me laugh is that California was “counting” on the money facebook would make, to help with the debt... oops.
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