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Johonny

(25,837 posts)

18. I think you have to wait until the latest Euro panic leaves

Sat May 19, 2012, 05:58 PM

May 2012

Everyone seems to be talking up how "smart" the market was on this IPO but frankly the whole market has been selling for 2 straight weeks. The general word is the market could likely be down again next week. It's probably going to take some good Euro news to break it. You have high dividend stocks that are sitting near 52 week lows. And then you got this facebook stock. When people do start to buy after this recent drop, it isn't certain people won't first pour money into solid companies that are high interest paying and have a much longer history than facebook. All of which makes you think Facebook will go down in price. The best estimates are about 30 %, the worst by 90%. If you are buying FB right now it's because you plan on owning it and the company being around 20 years from now. The problem is it is priced probably too high for that kind of thinking too. Given the market at the moment unless something magical happens over the weekend, Monday isn't likely going to be a good day for almost any stock of wallstreet.

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LA TImes: Facebook's epic fail [View all] marmar May 2012 OP

I would hate to see Morgan Stanley and the other underwriters lose money on this. Prometheus Bound May 2012 #1

I could care less whether Morgan Stanley and other underwriters lose money. bluestate10 May 2012 #2

You know what Facebook does? It connects separated families. aquart May 2012 #12

____ randome May 2012 #14

It does all that well, and then it sells your life to the highest bidder bhikkhu May 2012 #15

My long lost half-sister found me on FB XanaDUer May 2012 #16

my family members have a closed FB group. grasswire May 2012 #25

Actually I was being sarcastic. MS was trying to manipulate the market. Prometheus Bound May 2012 #17

Trust Me, The Banks Won't Lose Money Yavin4 May 2012 #3

I said a couple of days ago on DU wilt the stilt May 2012 #4

Interesting. I was talking to a business consultant the other day. . . DinahMoeHum May 2012 #6

Public investors did not Like. tanyev May 2012 #5

I understand that the banks propped up the price on Friday. don't we have to Liberal_in_LA May 2012 #13

I think you have to wait until the latest Euro panic leaves Johonny May 2012 #18

thanks for the info. I seriously doubt facebook will be around in 20 years Liberal_in_LA May 2012 #19

let's talk finance Roy Rolling May 2012 #7

I couldn't see the substantial improvement over that other time-waster, MYSPACE. MADem May 2012 #8

hey! I found Myspace! It's still around. wow. Liberal_in_LA May 2012 #20

Is it too soon? daaron May 2012 #9

Nothing is "secure"--not Diaspora, not anything. You're "out there" on the net, people can see you, MADem May 2012 #21

Well, there's degrees of security... daaron May 2012 #22

Just don't give Facebook your full name, and use a tosser email for their stupid notifications! MADem May 2012 #23

I stopped using Facebook more than a year ago. daaron May 2012 #24

I made a page named after one of my dogs that has no info on it. MADem May 2012 #26

"facebook's" "epic" "fail"? sorry, zero for three.... unblock May 2012 #10

Yeah, let me fail epically for a few billion dollars gratuitous May 2012 #11