DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post

**ordercigsnick** · 05-19-2012, 09:39 PM

And maybe it is time for you to see that the banks (zoo's I would guess) had to come in at the end of the day to support FB's price and will likely have to again Monday. Apparently the market is neutral on FB too. More sellers than buyers at least today.

The banks stepped in. The media is guessing around $300m, which seems plausible. If you look at the intra-day price during Friday, you see that it hits $38 regularly but never lower. Even a moron can see what's going on there.

So, then, huge success of an IPO in your opinion, or do you need to wait for zoo to respond to have an opinion? Don't answer, we all know you are his lap dog. Good boy.

I don't think there is any need for that. I am not any better qualified than either of you to express an opinion.

Personally I think the stock was over-priced for an IPO, and this happened because it was hugely over-subscribed so confidence was high. It's probably a good long-term bet, but given the market conditions, the early investors were looking for a bargain and didn't get it - betting on 100x earnings on a company virtually run by one person, is hard for some Wall Streeters to swallow. The NASDAQ was down overall on Friday, so against that backdrop it wasn't an abject failure. I do think it will trend down in the next few months and may recover towards the end of the year if earnings jump.

I also think the $1bn acquisition of Instagram balked a few investors. FB paid 2 - 4x what it was actually worth, and Zuckerberg's behavior wasn't ideal just before an IPO. His unpredictability could ultimately harm the company.

05-19-2012, 09:39 PM	#56
ordercigsnick Join Date Nov 2005 Posts 335 Senior Member	And maybe it is time for you to see that the banks (zoo's I would guess) had to come in at the end of the day to support FB's price and will likely have to again Monday. Apparently the market is neutral on FB too. More sellers than buyers at least today. The banks stepped in. The media is guessing around $300m, which seems plausible. If you look at the intra-day price during Friday, you see that it hits $38 regularly but never lower. Even a moron can see what's going on there. So, then, huge success of an IPO in your opinion, or do you need to wait for zoo to respond to have an opinion? Don't answer, we all know you are his lap dog. Good boy. I don't think there is any need for that. I am not any better qualified than either of you to express an opinion. Personally I think the stock was over-priced for an IPO, and this happened because it was hugely over-subscribed so confidence was high. It's probably a good long-term bet, but given the market conditions, the early investors were looking for a bargain and didn't get it - betting on 100x earnings on a company virtually run by one person, is hard for some Wall Streeters to swallow. The NASDAQ was down overall on Friday, so against that backdrop it wasn't an abject failure. I do think it will trend down in the next few months and may recover towards the end of the year if earnings jump. I also think the $1bn acquisition of Instagram balked a few investors. FB paid 2 - 4x what it was actually worth, and Zuckerberg's behavior wasn't ideal just before an IPO. His unpredictability could ultimately harm the company.
	Quote