Facebook IPO

[MattB]

Lol at MattB disputing the drunken part but not the cockjockey! Ha!

You got me there Doug!

[MattB]

Jim Cramer tells me everything I need to know.

I like to get loud about my stocks WHAT CAN I SAY

[Roscoe]

Jim Cramer tells me everything I need to know.

[quikag]

That was my nice way of saying "never".

Valuations are extreme, but if FB can start to monetize their base of users somehow, the valuation will normalize very quickly and the share price will start to climb.

From what I've read on your posts, I'm surprised someone of your perceived intellect would use the word "never" to describe almost anything in the equity markets.

Uh oh ... I know two words I never want to hear mentioned together - "selective" & "dissemination":

http://finance.yahoo.com/blogs/daily...133648905.html

Wow. Is that even legal?

[slow99]

Uh oh ... I know two words I never want to hear mentioned together - "selective" & "dissemination":

http://finance.yahoo.com/blogs/daily-ticker/facebook-bankers-secretly-cut-facebook-revenue-estimates-middle-133648905.html

[Broncojohnny]

Probably so, but they have time and it's a very insignificant part of their overall portfolio.

That was my nice way of saying "never".

[quikag]

They are going to be waiting a while I think.

Probably so, but they have time and it's a very insignificant part of their overall portfolio.

[Broncojohnny]

Haha y'all got fucked!!!!!! Buy oil or oil stocks now!!!!fuck facebook

No recommendation to buy WPRT? I am disappointed!

I may actually pick up some BTU if it gets under $20.

[Broncojohnny]

Only thing I have to say is Zuckerberg had better get busy growing the crap of his company and really start cranking out some profit. My two bosses are down $70k now on their FB IPO shares. They're going to hold for the long haul at this point.

They are going to be waiting a while I think.

[quikag]

Only thing I have to say is Zuckerberg had better get busy growing the crap of his company and really start cranking out some profit. My two bosses are down $70k now on their FB IPO shares. They're going to hold for the long haul at this point.

[Captain Crawfish]

Haha y'all got fucked!!!!!! Buy oil or oil stocks now!!!!fuck facebook

[slow99]

Just out of curiosity, do you have an opinion on the bottom? This has been interesting to watch for me, for some reason, and I think I'm going to start learning more about the market.

Not really, I work too much as it is covering my own group and a little side thing I'm working on. I will say it's too rich for me at current valuations.
This IPO had a lot more owners who were intending to liquidate than other prominent IPOs. Of course, there are a slew of reasons to go public. One of the many reason is the desire for liquidity - the liquidity intentions were high for this deal.

I don't know who threw out the mid-teens number, but funny enough that doesn't seem too far off for me. I know we have a $0.60 number for 2013 earnings, so 30 F P/E means an $18 price. I cover some high flying tech names and they trade at 20-ish multiples , 30-ish would mean a really high grower. This plus 60s shit is just crazy in my mind, but I will admit that I tend to be more of a value guy than growth.
Even at 30, I can think of tons of other places I'd rather put my $.

[slow99]

So they chose to Stride Rite on out of there...

More like they priced it too high and had to blow their whole wad on day 1 providing support.

[Doug Hatton]

Lol at MattB disputing the drunken part but not the cockjockey! Ha!