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It comes out Friday around $38.00 per share... wanted to see what people's thoughts were on the stock.
Is it a Buy or not? Personally I think it will skyrocket for a while and then come back to earth around $180 or so.
If you are just looking to capture the short-term gain it's fine. For a long-term investment I don't have much faith in Zuckerberg from a business standpoint.
Agree 100%. It's a fad and will be irrelevant in 5 years or less. IMHO of course.
I'd watch this one from the sideline. Both Groupon and Linkedin dumped after the initial offering. Groupon's slide has continued, While it took Linkedin about 8 months to pick up momentum. If you want to make a quick buck, wait for a strong base in the weeks to come, then buy it up for short term gains. Just my two cents.
I think facebook is a lot different than those entities. I think it is a little overvalued to start with but Zuckerburg has apparently matured a lot in the past couple of years since hiring his number 2.
Funny you should ask. I was just reading this article from my company's news dept. Lots and lots of info on here if you have the time to read it.
I think they're a year or two late. I'm not going to touch it.
If you think it's overvalued now, just wait for the madness to start after the opening bell. It'll shoot straight up just like
Linkedin and Groupon. What happened after was pretty ugly for those who timed it poorly. Nothing wrong with waiting and seeing how things shake out. As far as them being different entities, does it really matter?
I think it does because FB has been snatching the top talent from all of the top companies and has shown an ability to adapt. They also have a revenue model that is more sustainable IMO.
I agree with all of that. But, right now it's a crap shoot, and can only go by past IPO's. Zynga, Zillow, Pandora. In each case you could have gotten in at a better price if you were patient. I think Long term it's a good investment. However, IMO, you can buy it cheaper than $38 near term. Also, on day one of trading, good luck getting in any where near $38.
Not a buy or sell opinion, but I really enjoyed Wired Magazine's article on the IPO and how it impacts the tech industry. Interesting read if you want to google it.
As for my thoughts on the stock, as a rule I avoid IPO's but that's because my family runs a money management company and I shy away from most things that are subject to that much volatility, except for precious metals, which I love. It's very tough to call this....the logical expectation is that it will shoot straight up and you'll turn a handsome profit if you can time the exit. The problem is lots of other stay at home gurus will be trying the same play and will be waiting to pull the trigger and sell at the first sign of resistance. Could be the next Google, could go Groupon on you. My thinking is that is will go the Google route, but I still won't touch it.
This^^ Institutional money will buy in at 38. No one on here will get that price.
I'm with you, IPO's scare me.
Uhh...what would the market cap be if it went to 180 (or higher as you indicated it settles at 180)? I'm doing total monkey math based off of numbers that I have in my head, but I think if I recall the 20s made it 90 billion...which would make it a 600-700 billion dollar company at those share prices. Not happening...well shouldn't. Also, if it goes higher than 180 and settles there then whomever valued the company is not going to be on the short, medium, or long list of the next big company to IPO.
I just like to dream Matt... Dream a little Dream.
I meant to comment on this last night, but forgot. Facebook has 800 million active users and has been active since roughly 2004 (UVA was one of the first non-Harvard schools to be granted access to Facebook in December 2003/January 2004. I have been a member of Facebook since September of 2004 (my first year at UVA) and it is one of maybe 4 websites that I still frequent from that time. Facebook is hardly a fad. Whether you like it or not, it is here for the long haul.
As for the IPO, I think you'll see the stock shoot up and be dramatically overvalued. I wouldn't buy any FB (unless you can get in on the IPO and are looking to sell on Day 1) until the price normalizes some.
This post was edited by EHS Hoo 23 months ago
I'm too broke to buy stock.
Excuse me, while I hit this sky hook.
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