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5/18/2012 7:33:58 AM EDT
At 42 and change. Anyone buying?
5/18/2012 7:35:22 AM EDT
[#1]
nope. Somebody is though:

Reuters: Facebook, Inc. tops 100 million shares in less than five minutes of trading.
5/18/2012 7:39:00 AM EDT
[#2]
Quoted:
nope. Somebody is though:

Reuters: Facebook, Inc. tops 100 million shares in less than five minutes of trading.


I purchased a small amount of shares and I don't even have a Facebook account
5/18/2012 7:39:45 AM EDT
[#3]
i bought a 100 shares for shits and giggles
5/18/2012 7:40:41 AM EDT
[#4]
If you want to make money on Facebook. Short it!

Posted Via AR15.Com Mobile
5/18/2012 7:43:55 AM EDT
[#5]
Quoted:
If you want to make money on Facebook. Short it!

Posted Via AR15.Com Mobile


Wait til tomorrow then short. Let them pump the price up... then short, it will fall.
5/18/2012 7:45:40 AM EDT
[#6]
Quoted:
Quoted:
If you want to make money on Facebook. Short it!

Posted Via AR15.Com Mobile


Wait til tomorrow then short. Let them pump the price up... then short, it will fall.


I will not own this stock next week. I'm definitely getting rid of it soon
5/18/2012 7:45:58 AM EDT
[#7]
Quoted:
Quoted:
If you want to make money on Facebook. Short it!

Posted Via AR15.Com Mobile


Wait til tomorrow then short. Let them pump the price up... then short, it will fall.


hard to short on a Saturday

i would wait until Wednesday, i plan on selling around noon on Monday
5/18/2012 7:47:57 AM EDT
[#8]
Quoted:
Quoted:
Quoted:
If you want to make money on Facebook. Short it!

Posted Via AR15.Com Mobile


Wait til tomorrow then short. Let them pump the price up... then short, it will fall.


hard to short on a Saturday

i would wait until Wednesday, i plan on selling around noon on Monday


At this rate I'll sell by the end of the day
5/18/2012 7:48:47 AM EDT
[#9]
Quoted:
Quoted:
Quoted:
If you want to make money on Facebook. Short it!

Posted Via AR15.Com Mobile


Wait til tomorrow then short. Let them pump the price up... then short, it will fall.


hard to short on a Saturday

i would wait until Wednesday, i plan on selling around noon on Monday


After hours trading... yeah, yeah, that's what I meant How the hell did I not know what day of the week it was? lol.
5/18/2012 7:53:27 AM EDT
[#10]
Hovering right around opening price now
5/18/2012 7:54:41 AM EDT
[#11]
Quoted:
Quoted:
Quoted:
Quoted:
If you want to make money on Facebook. Short it!

Posted Via AR15.Com Mobile


Wait til tomorrow then short. Let them pump the price up... then short, it will fall.


hard to short on a Saturday

i would wait until Wednesday, i plan on selling around noon on Monday


After hours trading... yeah, yeah, that's what I meant How the hell did I not know what day of the week it was? lol.


i still don't understand why they waited until Friday to open FB, unless they are going to use the weekend for PR and convince people to hold it.
5/18/2012 7:56:34 AM EDT
[#12]
Quoted:
At 42 and change. Anyone buying?


It is only open to millionaires today.  General public can purchase starting Monday.  And yes, I am buying.
5/18/2012 7:57:18 AM EDT
[#13]
Quoted:
Quoted:
At 42 and change. Anyone buying?


It is only open to millionaires today.  General public can purchase starting Monday.  And yes, I am buying.


Lol, what?
5/18/2012 7:59:44 AM EDT
[#14]
Quoted:
Quoted:
At 42 and change. Anyone buying?


It is only open to millionaires today.  General public can purchase starting Monday.  And yes, I am buying.


You can go and buy it right now...
5/18/2012 7:59:58 AM EDT
[#15]
Quoted:
Quoted:
At 42 and change. Anyone buying?


It is only open to millionaires today.  General public can purchase starting Monday.  And yes, I am buying.


And it was open to billionaires before today.
5/18/2012 7:59:59 AM EDT
[#16]
Quoted:
Quoted:
Quoted:
At 42 and change. Anyone buying?


It is only open to millionaires today.  General public can purchase starting Monday.  And yes, I am buying.


Lol, what?


I had my wife call our financial advisor at Edward Jones to buy some FB.  He said only millionaires today and general public starts Monday.  He also advised us to wait a couple of weeks before buying.
5/18/2012 8:01:02 AM EDT
[#17]
Now it's hovering around $39.



Wait 'til 91 days from now.

5/18/2012 8:01:54 AM EDT
[#18]
Quoted:
Quoted:
Quoted:
Quoted:
At 42 and change. Anyone buying?


It is only open to millionaires today.  General public can purchase starting Monday.  And yes, I am buying.


Lol, what?


I had my wife call our financial advisor at Edward Jones to buy some FB.  He said only millionaires today and general public starts Monday.  He also advised us to week a couple of weeks before buying.


It was "millionaires day" yesterday. Find a new advisor if he doesn't even know when an IPO like Facebook opens up.
5/18/2012 8:02:29 AM EDT
[#19]
Quoted:
Quoted:
Quoted:
Quoted:
At 42 and change. Anyone buying?


It is only open to millionaires today.  General public can purchase starting Monday.  And yes, I am buying.


Lol, what?


I had my wife call our financial advisor at Edward Jones to buy some FB.  He said only millionaires today and general public starts Monday.  He also advised us to wait a couple of weeks before buying.


This part is probably decent advice but the whole millionaire thing is garbage!
5/18/2012 8:02:51 AM EDT
[#20]
Quoted:
Quoted:
Quoted:
Quoted:
At 42 and change. Anyone buying?


It is only open to millionaires today.  General public can purchase starting Monday.  And yes, I am buying.


Lol, what?


I had my wife call our financial advisor at Edward Jones to buy some FB.  He said only millionaires today and general public starts Monday.  He also advised us to wait a couple of weeks before buying.


ya screw those guys, i have always used E-trade
5/18/2012 8:02:51 AM EDT
[#21]
dltp
5/18/2012 8:03:05 AM EDT
[#22]
I dont know shit about buying stocks.. Whats the minimum buy in ? I would assume you cant just buy one share...
5/18/2012 8:05:45 AM EDT
[#23]
Quoted:
I dont know shit about buying stocks.. Whats the minimum buy in ? I would assume you cant just buy one share...


You can buy 1 share.

In order to cover your transaction costs the stock would need to go up close to %50, but you could still do it.
5/18/2012 8:06:55 AM EDT
[#24]
I can assure you that I am no millionaire and I own about 60 shares.
5/18/2012 8:07:59 AM EDT
[#25]
Quoted:
Quoted:
Quoted:
Quoted:
At 42 and change. Anyone buying?


It is only open to millionaires today.  General public can purchase starting Monday.  And yes, I am buying.


Lol, what?


I had my wife call our financial advisor at Edward Jones to buy some FB.  He said only millionaires today and general public starts Monday.  He also advised us to wait a couple of weeks before buying.


That is a crock of shit. Anyone can buy Facebook right now. I wouldn't advise it though.

Posted Via AR15.Com Mobile
5/18/2012 8:08:52 AM EDT
[#26]
I want to see it crash and burn, I'll short the hell out of it.
5/18/2012 8:09:04 AM EDT
[#27]
I can't buy until it hits the secondary market. I'm a "restricted person."
5/18/2012 8:09:09 AM EDT
[#28]
Quoted:
Quoted:
Quoted:
Quoted:
Quoted:
At 42 and change. Anyone buying?


It is only open to millionaires today.  General public can purchase starting Monday.  And yes, I am buying.


Lol, what?


I had my wife call our financial advisor at Edward Jones to buy some FB.  He said only millionaires today and general public starts Monday.  He also advised us to wait a couple of weeks before buying.


That is a crock of shit. Anyone can buy Facebook right now. I wouldn't advise it though.

Posted Via AR15.Com Mobile



Awe hell, buy a couple shares

5/18/2012 8:09:25 AM EDT
[#29]
Quoted:
Quoted:
Quoted:
Quoted:
Quoted:
At 42 and change. Anyone buying?


It is only open to millionaires today.  General public can purchase starting Monday.  And yes, I am buying.


Lol, what?


I had my wife call our financial advisor at Edward Jones to buy some FB.  He said only millionaires today and general public starts Monday.  He also advised us to wait a couple of weeks before buying.


That is a crock of shit. Anyone can buy Facebook right now. I wouldn't advise it though.

Posted Via AR15.Com Mobile


kind of a disappointing opening... lol
5/18/2012 8:10:50 AM EDT
[#30]
I still remember people buying Netscape without knowing how they make money.  Do they sell software or does it have to do with advertising?  Fuck it I'm buying at the ground level.

I belive it was issued at 14, opened at 28 and closed around 55.
5/18/2012 8:12:44 AM EDT
[#31]
Quoted:
Quoted:
Quoted:
Quoted:
Quoted:
Quoted:
At 42 and change. Anyone buying?


It is only open to millionaires today.  General public can purchase starting Monday.  And yes, I am buying.


Lol, what?


I had my wife call our financial advisor at Edward Jones to buy some FB.  He said only millionaires today and general public starts Monday.  He also advised us to wait a couple of weeks before buying.


That is a crock of shit. Anyone can buy Facebook right now. I wouldn't advise it though.

Posted Via AR15.Com Mobile


kind of a disappointing opening... lol


I believe the steakhouse Smith & Wolenskis took this approach when they opened in the 70's.  They told people who called them that they were booked solid but if you showed up they might be able to get you in.  People showed up, got a table and then bragged to their friends that they got in.
5/18/2012 8:12:49 AM EDT
[#32]
Quoted:
I can't buy until it hits the secondary market. I'm a "restricted person."


Why is that?
5/18/2012 8:13:34 AM EDT
[#33]




Quoted:



Quoted:

I can't buy until it hits the secondary market. I'm a "restricted person."




Why is that?




I work for a broker/dealer.



ETA: FINRA Rule 5130 prohibits "restricted persons” from purchasing new issue offerings.



The term "restricted person” generally includes associated persons of member firms, including owners, employees and registered representatives, as well as their immediate family members, control persons and affiliates of the broker/dealer. In other words, all restricted persons are prohibited from purchasing an IPO prior to trading on the secondary market. Please note that you are allowed to purchase the security in the secondary market on the day it starts trading on the secondary market.



5/18/2012 8:13:53 AM EDT
[#34]
Nothing like hyping this for months and then opening like this.
5/18/2012 8:20:32 AM EDT
[#35]
Quoted:

Quoted:
Quoted:
I can't buy until it hits the secondary market. I'm a "restricted person."


Why is that?


I work for a broker/dealer.

ETA: FINRA Rule 5130 prohibits "restricted persons” from purchasing new issue offerings.

The term "restricted person” generally includes associated persons of member firms, including owners, employees and registered representatives, as well as their immediate family members, control persons and affiliates of the broker/dealer. In other words, all restricted persons are prohibited from purchasing an IPO prior to trading on the secondary market. Please note that you are allowed to purchase the security in the secondary market on the day it starts trading on the secondary market.



Um... the trading that's happening today is on the secondary market...what am I missing?
5/18/2012 8:26:38 AM EDT
[#36]
Quoted:
Quoted:
Quoted:
Quoted:
Quoted:
At 42 and change. Anyone buying?


It is only open to millionaires today.  General public can purchase starting Monday.  And yes, I am buying.


Lol, what?


I had my wife call our financial advisor at Edward Jones to buy some FB.  He said only millionaires today and general public starts Monday.  He also advised us to wait a couple of weeks before buying.


ya screw those guys, i have always used E-trade


lol...+1

Sounds like MARINEORDIE needs to find a new "advisor".  Scottrade had no problems getting an order through this morning.
5/18/2012 8:28:21 AM EDT
[#37]
"So $FB at $6 would be a 20x P/E, which seems reasonable for a fast-growing company with no proper business model and terrible governance"
5/18/2012 8:29:43 AM EDT
[#38]
Quoted:
Quoted:
Quoted:
Quoted:
Quoted:
Quoted:
At 42 and change. Anyone buying?


It is only open to millionaires today.  General public can purchase starting Monday.  And yes, I am buying.


Lol, what?


I had my wife call our financial advisor at Edward Jones to buy some FB.  He said only millionaires today and general public starts Monday.  He also advised us to wait a couple of weeks before buying.


ya screw those guys, i have always used E-trade


lol...+1

Sounds like MARINEORDIE needs to find a new "advisor".  Scottrade had no problems getting an order through this morning.


Yeah.  My MSgt just bought some from his desk.  His purchase is still open though so I don't know if it is going through.

At any rate I am still going to take his advice and wait a few weeks.
5/18/2012 8:30:38 AM EDT
[#39]
Quoted:
His purchase is still open though so I don't know if it is going through.


NASDAQ systems are getting killed right now.
5/18/2012 8:34:01 AM EDT
[#40]
I don't get Facebook's valuation at all. I get the *value* in Facebook, but I don't see how it is "worth" $110b. Consider WMT and GOOG are valued at $200b

To me it just seems like a very public cash out for the investors - which - good for them.

Realistically, I think it should have been priced around $15/share for as many shares as they are offering up - plus they have no real profits either for what their valuation is.
5/18/2012 8:46:33 AM EDT
[#41]
Quoted:
I don't get Facebook's valuation at all. I get the *value* in Facebook, but I don't see how it is "worth" $110b. Consider WMT and GOOG are valued at $200b

To me it just seems like a very public cash out for the investors - which - good for them.

Realistically, I think it should have been priced around $15/share for as many shares as they are offering up - plus they have no real profits either for what their valuation is.


Im right there with you, I have a hard time understanding how they make money. I know they advertise and such and offer little games, but I just dont get it.
5/18/2012 8:47:15 AM EDT
[#42]
No, I prefer to throw my money away on booze and women.






 
5/18/2012 8:49:22 AM EDT
[#43]
Quoted:
Quoted:

Quoted:
Quoted:
I can't buy until it hits the secondary market. I'm a "restricted person."


Why is that?


I work for a broker/dealer.

ETA: FINRA Rule 5130 prohibits "restricted persons” from purchasing new issue offerings.

The term "restricted person” generally includes associated persons of member firms, including owners, employees and registered representatives, as well as their immediate family members, control persons and affiliates of the broker/dealer. In other words, all restricted persons are prohibited from purchasing an IPO prior to trading on the secondary market. Please note that you are allowed to purchase the security in the secondary market on the day it starts trading on the secondary market.



Um... the trading that's happening today is on the secondary market...what am I missing?


I think he means pawn shop or consignment store perhaps
5/18/2012 8:53:24 AM EDT
[#44]




Quoted:



Quoted:



Quoted:





Quoted:



Quoted:

I can't buy until it hits the secondary market. I'm a "restricted person."




Why is that?




I work for a broker/dealer.



ETA: FINRA Rule 5130 prohibits "restricted persons” from purchasing new issue offerings.



The term "restricted person” generally includes associated persons of member firms, including owners, employees and registered representatives, as well as their immediate family members, control persons and affiliates of the broker/dealer. In other words, all restricted persons are prohibited from purchasing an IPO prior to trading on the secondary market. Please note that you are allowed to purchase the security in the secondary market on the day it starts trading on the secondary market.







Um... the trading that's happening today is on the secondary market...what am I missing?




I think he means pawn shop or consignment store perhaps


Yeah something like that. I didn't realize that today was the first day of public trading. I'm not too interested in FB anyways.
5/18/2012 8:55:33 AM EDT
[#45]
Quoted:
Quoted:
I don't get Facebook's valuation at all. I get the *value* in Facebook, but I don't see how it is "worth" $110b. Consider WMT and GOOG are valued at $200b

To me it just seems like a very public cash out for the investors - which - good for them.

Realistically, I think it should have been priced around $15/share for as many shares as they are offering up - plus they have no real profits either for what their valuation is.


Im right there with you, I have a hard time understanding how they make money. I know they advertise and such and offer little games, but I just dont get it.


advertising is one of the largest money pits ever. Just in the U.S. last year, companies spent over 200 billion in advertising. FB is able to advertise across the world reaching its 1 billion consumers for a small % of what a company is willing to spend to only reach a few states in the U.S.
5/18/2012 8:57:58 AM EDT
[#46]
Quoted:
Quoted:
Quoted:
I don't get Facebook's valuation at all. I get the *value* in Facebook, but I don't see how it is "worth" $110b. Consider WMT and GOOG are valued at $200b

To me it just seems like a very public cash out for the investors - which - good for them.

Realistically, I think it should have been priced around $15/share for as many shares as they are offering up - plus they have no real profits either for what their valuation is.


Im right there with you, I have a hard time understanding how they make money. I know they advertise and such and offer little games, but I just dont get it.


advertising is one of the largest money pits ever. Just in the U.S. last year, companies spent over 200 billion in advertising. FB is able to advertise across the world reaching its 1 billion consumers for a small % of what a company is willing to spend to only reach a few states in the U.S.


IMO, their advertising platform is fantastic.

If you are smart enough, you can figure out how to advertise to an (almost) specific person.

I wanted to advertise my product to staff at a particular business in Chicago, of whom maybe executive level - with the right settings on your ads, you can find these people.

But, I doubt it is great for everyone.
5/18/2012 8:59:00 AM EDT
[#47]
It does seem like a stock that you would short. Buddy called me that didn't know anything about stocks. I told him he can try and short it if he has brokerage or if he can buy and dump.
I don't think this is a long term investment stock.

Seems like a lot of people in this thread think the same.
5/18/2012 9:14:28 AM EDT
[#48]



Quoted:



Quoted:


Quoted:

I don't get Facebook's valuation at all. I get the *value* in Facebook, but I don't see how it is "worth" $110b. Consider WMT and GOOG are valued at $200b



To me it just seems like a very public cash out for the investors - which - good for them.



Realistically, I think it should have been priced around $15/share for as many shares as they are offering up - plus they have no real profits either for what their valuation is.




Im right there with you, I have a hard time understanding how they make money. I know they advertise and such and offer little games, but I just dont get it.




advertising is one of the largest money pits ever. Just in the U.S. last year, companies spent over 200 billion in advertising. FB is able to advertise across the world reaching its 1 billion consumers for a small % of what a company is willing to spend to only reach a few states in the U.S.



This. Think of facebook as a gigantic advertising firm that has daily exposure with maybe 1/10 of the entire planet as their daily audience. Of course, they aren't much more than that either.





 
5/18/2012 9:20:41 AM EDT
[#49]
Quoted:

Quoted:
Quoted:
Quoted:
I don't get Facebook's valuation at all. I get the *value* in Facebook, but I don't see how it is "worth" $110b. Consider WMT and GOOG are valued at $200b

To me it just seems like a very public cash out for the investors - which - good for them.

Realistically, I think it should have been priced around $15/share for as many shares as they are offering up - plus they have no real profits either for what their valuation is.


Im right there with you, I have a hard time understanding how they make money. I know they advertise and such and offer little games, but I just dont get it.


advertising is one of the largest money pits ever. Just in the U.S. last year, companies spent over 200 billion in advertising. FB is able to advertise across the world reaching its 1 billion consumers for a small % of what a company is willing to spend to only reach a few states in the U.S.

This. Think of facebook as a gigantic advertising firm that has daily exposure with maybe 1/10 of the entire planet as their daily audience. Of course, they aren't much more than that either.

 


The problem with FB is that its value is represented by the number of  users it has, so i would imagine that its stock prices will also reflect this.
5/18/2012 9:21:16 AM EDT
[#50]
P/E ratio seems ridiculous.  It is a $5 stock.
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