Facebook IPO

[Captain Crawfish]

If u lose at a casino you don't sue. Stocks are the same way but people always want to sue

[slow99]

Selective dissemination is the problem - the scenario I outlined few posts ago.

Of course, the ridiculous amount of regulations we have - Chinese wall for instance - helps to cause shit like what might have happened here.

[CJ]

Boohooohooo. I gambled and invested my money and lost. Now I'm going to sue.. Boohooohooo. Bitches, that's the chance you take.

It's based on the fact there was believe to be insider trading. Some of the european brokers and even some US brokers were told beforehand that the stock was overvalued, and had a negative outlook. However since it's overseas I don't believe there is anything you can sue over here in the US.

[line-em-up]

...

Apparently some shareholders are planning a lawsuit. I just skimmed an article in the Pittsburgh news.

Boohooohooo. I gambled and invested my money and lost. Now I'm going to sue.. Boohooohooo. Bitches, that's the chance you take.

[jefehbk]

So did it go up to $50? Where did it top out?

Facebook has a range of $31-$45 since it started trading.

I was thinking of getting in and then getting out trying to make a few quick bucks. But even my uneducated ass on stocks felt that FB was way overpriced when it came out at $38/share. If it had come out around $20-$25 I might have been more enticed. but overall I was not feeling it. I predict within a year it will be in the low $20's

[exlude]

So did it go up to $50? Where did it top out?

The highest it went was $45 and that was on the first day of trading.

[mstng86]

Depends on if you bought high or sold high.

So did it go up to $50? Where did it top out?

[CJ]

Not sure if it's been gone over yet, but there is an investigation with the Europe markets that apparently european investment markets were warned that the IPO had a negative outlook before markets opened.

[slow99]

I take it this is not going well.

I'm waiting to see what Dick Cheese has to say about it.

[Nash B.]

I take it this is not going well.

Depends on if you bought high or sold high.

[mstng86]

I take it this is not going well.

[Broncojohnny]

But the reaction seems a bit premature. Is the sense that the company will falter and die or is there a long term shelf life?

It depends on who you ask. Most people who do any sort of analysis are going to conclude it is overpriced at $38. Of course, we are talking about the stock market here, people buy based on emotion rather than any solid idea about value vs. share price. It fascinates me.

If I tell you that you can buy a Whataburger franchise for $100K the first thing you will ask me is how much you are going to net every year from that operation. Then you'll figure out what your return is. People throw all that shit out the window when they buy a share of stock. If the Whataburger was for sale, I wouldn't pay more for it just because my neighbor said he was interested, I'd let the math tell me if it was a good deal. Yet it happens all the time in the stock market.

[Sean88gt]

I like how everyone wants to sue because they bought some junk at a high price. If the stock had gone up, for whatever reason, would they still be trying to cry foul? Funny how that works.

But the reaction seems a bit premature. Is the sense that the company will falter and die or is there a long term shelf life?

[Captain Crawfish]

WhO bought wprt at 25? congrats if u did

It really doesn't surprise me. People already love to hate that site, so them fumbling this is a perfect time to attack(not that it isn't justified, I don't know enough about all this to comment on that aspect).

What was the tagline from The Social Network? "You don't make 500 million friends without making a few enemies?"