It’s coming public at 100x earnings and 26x sales. That’s at $38! The stock will trade above $38, putting its valuation at untouchable levels. Now, don’t get me wrong, I am huge supporter of social media, and own a significant position in YELP. But I can’t buy this company at these prices.
I will wait for the weaker hands to get flushed and for the European shit-storm to hit Zuckerberg’s face. Then I will buy the shares below its ipo price.
Write it down and bank on it.
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I had several peeps ask me if I was buying. Heck no! Why buy today when I can wait a few months and get a better deal. If FB (like Google) is going much much higher, then there’s no rush. I think a lot of execs will be made so rich today. The general public will get the shaft.
Look back at some of the really big, much anticipated IPO action (GOOG etc) – all of them offer better entries. Today is cashout day for the Institutions at the expense of Johhny Retail and his 14 share market orders. I’ll be watching and giggling though.
GOOG opened at 100, dropped to ~95 on the first day. Two days later it got to 113. About two weeks after that it “crashed” to 99 and that’s the lowest it’s been ever since.
Buying GOOG at the IPO price would have been smart. Very smart.
The Fly is God.
I am taking a sadistic joy at the idiots who are buying or correction, TRYING to buy this stock. What a media hype/joke.
Clear and concise when it matters most, that’s why I will never quit reading your work.
Zuckerberg gives me the creeps. No telling what his band of digital spies are up to.
Mr. The Fly, what are your thoughts on GSVC now? Around $15 looks like a decent entry.
I haven’t liked GSVC since the CEO decided to use shareholders as beating pole through secondaries.
Got it. Thank you.
Best all time post in the history of mankind!
BREAKING NEWS: Facebook shares go below $40!!!
CNBC you are the worst.
You may get your chance today although right now, it looks like they will support $38 and not let it drop below.
Did they say 6 month it would be lower…Or 6 minutes?
I feel like punching a concrete wall painted as zuckerbergs face.
I will be adding to my positions in TNA and UCO later today if the current action keeps up.
I presume “Locked-accounts” in Facebook are a danger. Maybe various characters (including pedophiles, drug peddlers, and terrorists) could be using these accounts for their activities. Also, Facebook is full of porn and violence-depicting stuff, even though it allows children to login to Facebook. Out of all the social-networking sites, Facebook has the stupidest privacy policy. Facebook and Mark Suckerberg are just greedy for money… Therefore Facebook must be destroyed before it destroys the world.