Facebook IPO

[blantonl]

Who's getting in on the Facebook IPO?

[trsundstrom]

Not me. I wouldn't chase that thing in the aftermarket on a bet. The little guy is locked out from the IPO. The hype is insane. Pump and dump. VZ and CSCO paid some nice dividends in the last few days. On another note, didj'a see how Faber cleaned up on Jeopardy? Nice money for his charity.

[Wyandotte]

I predict this stock will not hold.

What you need to ask yourself is how many people you personally know are starting to get a "been there, done that" attitude about Facebook. The founders can see this coming, they can monitor the ratio of new users to those losing interest.

Time to offer a IPO and cash out while the gettings good.

[kayn1n32008]

Wirelessly posted (Mozilla/5.0 (BlackBerry; U; BlackBerry 9780; en-US) AppleWebKit/534.8+ (KHTML, like Gecko) Version/6.0.0.600 Mobile Safari/534.8+)

At less than $90B today... Something smells about the whole IPO...

[gewecke]

I want nothing to do with fakebook...

73,
n9zas

[trsundstrom]

The nonsense is being investigated, but there is already discussion to move FB to the NYSE. With the HFT making messes, NASDAQ's inability to match orders -- some are still waiting for Friday's transactions -- and the market pricing this thing around $6 below the IPO, I am still staying away. Some pundits are targeting FB to reach $45 in a year... heh. GM pulls a $10M ad campaign, and mobile devices are among the missing.

[gmclam]

People are far better off buying penny stocks. It makes NO sense to purchase stock with an IPO at the highest level they can muster. Plus if you haven't noticed, some advertisers like General Motors started pulling back when the IPO got close. NOT a good deal unless you are an insider.

[OldDeadOne]

This isn't like microsoft when they went public another lifetime ago,I predict it will keep on dropping as it is grossly overvalued.

[trsundstrom]

FB monthly options trading opens today, weekly options on Thursday. Volatility is through the roof. Not for me. I'm staying away from this crapshoot.

[trsundstrom]

Bump. Just looking back through notes. Aren't you glad you didn't buy FB on the IPO launch?

[burner50]

Originally Posted by trsundstrom

Bump. Just looking back through notes. Aren't you glad you didn't buy FB on the IPO launch?

I would have bought it and held on to it for a couple days until I made a little money, then dumped it off... I had figured that this was going to happen. Most of the other .com stocks did the same thing for awhile and only a few of the very VERY strong survived.

[trsundstrom]

Jason, if you held FB for a few days, you would have had a loss. I think upon the $38 launch it quickly peaked around $42 later that morning and it's been sliding ever since.

Lately the price is bouncing around in the $19's. Today on the WSJ site I saw an opinion piece suggesting that Mark Z should hand off operations to a more experienced person. But then someone could say that about RIMM too

[burner50]

Originally Posted by trsundstrom

Jason, if you held FB for a few days, you would have had a loss. I think upon the $38 launch it quickly peaked around $42 later that morning and it's been sliding ever since.

Lately the price is bouncing around in the $19's. Today on the WSJ site I saw an opinion piece suggesting that Mark Z should hand off operations to a more experienced person. But then someone could say that about RIMM too

Yep... I would have...


I figured it was going to tank, but it tanked way faster than I thought with uld.

[trsundstrom]

The market is still open today (8/31) as I write this. Lead story on WSJ Digital: FB is down $0.95 to an all-time low of $18.14 and locked-up shares are yet to come. Reminds me of the oldie "Limbo Rock"... "how low can you go?" Gotta do some research on book value; might be worth getting some shares when the share price gets to about 50% of book. Why someone isn't in jail is beyond me...

[ff-medic]

Facebook Inc.: Stock Price Rises Despite These 852 Million Reasons To Fall (NASDAQ:FB) | Market Daily News

--------------------------------------------

22.17 -0.19 (-0.85%)
Nov 15 4:00pm ET - Disclaimer
22.24 +0.07 (0.32%) After Hours
Open: 22.34
High: 22.50
Low: 21.65
Volume: 78,857,405
Avg Vol: 55,516,000
Mkt Cap: 48.03B

---------------------------------------------

Facebook Stock Price Up 10.3 Percent On The Day As Biggest Lockup Expires, Irrational Changes Are Over | TechCrunch


Oooops


FF - Medic !!!

[Blackink]

How's that FB price doing now folks?
It seems that when everyone was down and frustrated with it from the date of the last post here, things have turned positive, eh?!?

[trsundstrom]

FWIW I still wouldn't play in FB. Some 70% of FB users are outside the USA and Canada. Who are the advertisers chasing? If you like FB, you might be interested in the ongoing RIMM and YHOO turnaround attempts. Not for me though; my nerves aren't up up to the task.There are other reliable investments paying decent dividends and trading at reasonable P/E ratios.

[UPMan]

Never more than 3% of my portfolio, and I (probably too frequently) rebalance periodically to prevent any one stock from becoming too critical. That said, I bought after the initial drop, then added some on subsequent drops, and pared back more recently. With the rise, I'm now up 12% on an annualized basis (including transaction fees).

[902]

I wouldn't discount Facebook just yet. Even though social media comes and goes (for example, amateur radio was one of the original social media facilitated by technology), its core strengths do not lie within the social media aspect of its existence, but rather the data-mining side. Nowhere else does there exist a comprehensive catalog of facial recognition that is actively edited by the user community (it's almost like the user community providing feedback on how frequencies are used), as well as beacons on webpage usage, locations, and user habits. This is an untapped repository of self-provided data. Therein lies the strength of FB, in providing a shell construct which can be applied to other relational databases to best define the user through both inferential and self-volunteered means. Both marketing and "security" sectors would be interested in all of that. I believe this will experience explosive growth if: 1) privacy initiatives fail; and 2) facial recognition/biometrics heuristics become more refined.

Really, where else would we have a self-volunteered catalog of people of all ages from a number of nations, including their activities and philosophical perspectives?

All that said, I don't own stock in it for two reasons - 1) I'm not sure people need to be cataloged like that, and 2) I'm too broke to gamble at the Wall Street casino.

[Blackink]

From what I see in these two weekly charts, strictly from a technical viewpoint, is that Facebook(FB) is in an obvious uptrend. (Top Chart)The thick black line at a 45 degree angle shows that. The other thinner black line I put on the chart shows resistance. The last 4 weeks the price has been hitting the resistance, around $32, created back in June when sellers stepped in and drove the price down-dramatically, the wide red bars on increasing volume show that.

The bottom chart with the pretty green and pink colored vertical bars I put on, is to show why the price was in an uptrend.
Looking at the 2 green areas, you can see the price was moving up. Looking at the 2 pink areas shows the price going down.

What's important here is to look in the section directly below the green and pink vertical bars. Those are the volume bars, each black vertical bar represents one weeks total volume in the stock. I should have colored the volume bars but I didn't but you'll get my point.
When you look at the volume bars below the green area, you can see the volume increased as the stock moved up which equals strength in the price / more buyers.
And when you look below the pink area, you'll see the volume declining which equals weakness in the sellers as you move along to the right. This is all positive for a stocks price to move up, more buyers buying than there are sellers selling.

Another thing to look at is the higher highs and higher lows on the candles, the blue & red bars, starting around mid August-another positive sign.

The yellow area on the right side of the chart is where the price has been hitting the resistance but the lows on those candles are higher and the volume is declining (although the far right bar only has 2 days volume accumulated so far this week).

The price has moved up about 100% from the lows in August so I would expect some profit taking happening soon but.....and that's a BIG BUT, the overall market has been moving up and there's no bad news that I can think of that's upcoming = positive.
The market is nearing it's all time high set back in 2007, that could coax buyers into the market = positive.
And I don't see any signs in the price or the volume that shows sellers are coming in to drive the stocks price down.

Now with all that being said, there is still the resistance the stock is hitting, the market has been in a pretty good uptrend, and don't forget that FB has doubled in price. All of this could mean a correction may be right around the corner, so for now we'll have to wait and see.

I can't tell you where the price of this stock is going in the future but for now it's in an uptrend but nearing some danger zones.
Let's see how it plays out in the coming days/weeks ahead.
I don't own this stock but if I did and I was a long term holder, I'd have a stop placed around $27 which is just below the last higher low(pivot) made in mid January.
If the price can break through the resistance it's hitting now, I would expect it to retrace back down to the $32 area which could be support now that the price has broken up through that area.

Happy Trading