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05-19-2012, 10:03 AM
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#31
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Registered User
Join Date: Feb 2006
Location: Anaheim,California
Posts: 4,675
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According to a lot of the buzz the stock was overvalued at the issue price of 38, and that many of the sharpies are saying that it will be trading in the 20's a few weeks from now.
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05-19-2012, 11:10 AM
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#32
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Registered User
Join Date: Aug 2007
Posts: 8,429
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considering the huge effort it took to prop it up so that it didn't close below the asking price, I think you can safely assume that it is way overpriced. there is nowhere to go but down.
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05-19-2012, 11:27 AM
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#33
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,648
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Quote:
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Originally Posted by RaceBookJoe
Cant short an IPO though. FB was easy money this morning, in @ 38.31, out @ 41.40 $ $ $  Not bad for 40 minutes. |
Technically you could...but it would be very difficult I would expect to find shares available to short...
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05-19-2012, 12:01 PM
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#34
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Screw PC
Join Date: Jun 2003
Posts: 15,728
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Naked shorts, all day baby. The SEC never enforces REG SHO any ways - go for it!
__________________
Truth sounds like hate to those who hate truth.
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05-19-2012, 12:23 PM
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#35
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Just Deplorable
Join Date: Mar 2003
Location: Lebanon, Ohio
Posts: 8,068
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Quote:
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Originally Posted by Robert Goren
It is an advertising engine. It is place for companies to reach potential customers espicially young ones.
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I understand that. Is that what your President thinks economic recovery is based on? Advertising? That figures.
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05-19-2012, 03:20 PM
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#36
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,814
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Institutional investors will be calling for the heads of their managers by the time this is over.
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05-19-2012, 03:24 PM
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#37
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Registered User
Join Date: Feb 2003
Location: NE Ohio
Posts: 16,487
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I remember Palm had its IPO in early March 2000. Within a week, the Nasdaq had peaked and the dot.com bubble started to explode.
Not saying that is gonna happen, and the tech runup hasn't been as insane as 1999-early 2000, but it wouldn't be unprecedented.
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05-19-2012, 04:36 PM
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#38
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Racing Form Detective
Join Date: Jul 2007
Location: Lincoln, Ne but my heart is at Santa Anita
Posts: 16,316
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Quote:
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Originally Posted by rastajenk
I understand that. Is that what your President thinks economic recovery is based on? Advertising? That figures.
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Make fun of it all you want, but advertising fuels a huge portion of this economy including site. Think about would happen if you took away advertising. A lot of the internet disappears. All newspapers and magazines are gone. So is TV. I could go on and on. That being said, You do need something to advertise.
Facebook is service that a lot of people want. Advertising funds it. It is no different than Fox News from a funding point of view. Whether it is as effective as Fox News as an advertising tool is another question, but there is no doubt it reaches far more people.
__________________
Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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05-19-2012, 07:27 PM
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#39
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Registered User
Join Date: May 2005
Posts: 2,394
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Quote:
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Originally Posted by PaceAdvantage
Technically you could...but it would be very difficult I would expect to find shares available to short...
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Interesting, I always thought you couldnt short an ipo for 30 days...just like handicapping, so you learn something new from time to time. That trade was liek shooting fish in a barrel though, sets up the Saratoga/Del Mar bankroll
__________________
Those with the best knowledge have the best luck !!!
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05-20-2012, 12:15 AM
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#40
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Registered User
Join Date: Mar 2007
Location: Manhattan
Posts: 3,826
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Quote:
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Originally Posted by RaceBookJoe
Interesting, I always thought you couldnt short an ipo for 30 days...just like handicapping, so you learn something new from time to time. That trade was liek shooting fish in a barrel though, sets up the Saratoga/Del Mar bankroll |
I believe the rule is that the Underwriter can't short the issue for 30 days.
However, I think there's a PA rule about Redboarding twice in one thread. 
__________________
“Life does not ask what we want. It presents us with options”
― Thomas Sowell
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05-20-2012, 10:13 AM
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#41
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Registered User
Join Date: May 2005
Posts: 2,394
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Quote:
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Originally Posted by badcompany
I believe the rule is that the Underwriter can't short the issue for 30 days.
However, I think there's a PA rule about Redboarding twice in one thread. |
Guilty as charged But it is hard to post stock prices in real time here
__________________
Those with the best knowledge have the best luck !!!
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05-20-2012, 11:40 AM
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#42
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Screw PC
Join Date: Jun 2003
Posts: 15,728
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Looks like Jim Cramer could have some interesting "insider" information on his program tomorrow about the Facebook IPO.
__________________
Truth sounds like hate to those who hate truth.
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05-20-2012, 12:05 PM
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#43
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Lacrimae rerum
Join Date: Apr 2004
Location: at my house
Posts: 7,308
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I generally look at IPOs from the perspective of the company, the entire point of being publicly traded is to raise money, and most companies do not sell shares often, IPO is it.
From that point of view this thing was priced better than perfectly. I say well done Facebook.
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05-20-2012, 02:51 PM
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#44
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,814
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stories that new expensive cars and houses were being bought up left and right last week in Silicon valley.............
I am going to guess 32 bucks or less by Thursday and start back up slightly by Friday?
........... I don't know shit about the market............
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05-21-2012, 09:43 AM
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#45
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
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Originally Posted by JustRalph
stories that new expensive cars and houses were being bought up left and right last week in Silicon valley.............
I am going to guess 32 bucks or less by Thursday and start back up slightly by Friday?
........... I don't know shit about the market............
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I'm not so sure about that...last trade $34.02
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