Facebook Stock

Meghan

Meghan

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Just curious if anyone bought any Facebook stock. I love to play with stocks for fun and hopefully for some retirement but seemed a bit expensive when you know one day Facebook could turn out like MySpace and disappear. Then you are left with a stock only worth the paper its printed on!
 
Nope, I didn't purchase any of the 16B pie! Of as now it's up 1.5% though. It'll be interesting what this does for them, the new additions they may add with the new funding and how the stock does as a whole.
 
Ahh good ole Facebook. As a stockbroker I got to my office at 7am and hopefully no one this weekend will mention Facebook or Nasdaq... Also check you pm Meghan.
 
I heard on the radio today that someone (not sure of their name) had given $500,000 to the creators of facebook for initial start up. For his return, it was estimated to be around $640 million once the company went public. I wish I had $500k to invest and get that big of a return!
 
I think its going to boom then crash. Its going to be an artificially inflated stock due to its popularity but will fizzle fast as others realize its not going to be a sound long-term investment. If you get in and get out, you could do some damage (in a good way).
 
I personally would buy autozone, My investing class argued and said that it was a stupid buy. That was back when it was 286 dollars a share, now its almost 400 =)
 
Totally my opinon but I really don't think FB will last too long. It's a trendy thing and it has privacy issues. Might be replaced by something similar later. Social websites have a history of being short lived. I could be wrong, I've been wrong before.
 
Hey Meghan,

I'm looking at it but as of today I've not pulled the trigger....

Stocks like FaceBook tend to be a frenzy stock with a huge initial surge then a week or so later they tend to lose some of this steam and drift back a bit. I'll keep my eye on it though and see if I can get in closer to $32.00 / share....
 
Meghan I bought in today just as I did with apple at $18 a share. and LULU Lemon at $26 before the split. Did not pull the trigger on Google and have regretted it ever since. To me FB was a no brainier.:hungry:
 
I picked-up some shares through my broker's IPO offering and then purchased some on the open market for $0.40 more per share. I cannot see FB withering away like MySpace. FB is expanding to other web portals whereas MySpace did not. Comparing FB to GOOG would be better (albeit not 1:1) analogy.

What was wierd on FB is that there was a lot of talk about some groups shorting it. Certainly this happens but I never heard this surface so quickly after it began trading (like 15 min. after). I suspect that is why the stock closed @ $38.23 because of the heavy shorting going on; which to me is fine. It took years for folks to understand GOOG enough to measure future earnings potential. I suspect it will take a shorter amount of time before they figure out FB.
 
I got some, but part of my well rounded portfolio and not enough to hurt if it doesnt pan out. Just look to Google and LinkedIn and there value as possibilities. One did very well the other did ok ... still more than the .10% on my cash holdings !!
 
Facebook has not figured out how to turn traffic into profit. I don't see how Facebook is going to make any decent sustained profit. You cant compare it to Google because Google is a tool everyone uses. Facebook is a toy everyone plays with. You can certainty earn a lot more money with tools than you can with toys.
 
I would wait for it to drop back some. Most analysts think that it is priced too high.

GM just dropped their advertising on Facebook due to ineffectiveness. Unless facebook figures out to crank up their advertising revenue, they may be considered overvalued as a company.
 
Nope. Not interested.

On May 1 I sold out all my individual stocks and ETFs.

And I bought the Ultrashort Qs, Symbol QID

I have done this each year since the big downturn. And with the Euroscare looming ever greater I probably won't re-buy stuff until the fall at the earliest.

Last year in the fall I bought five stocks and held them for just a few months. Poorest performer was Verizon. I only made 37 percent profit. Best performer was Smith & Wesson Handgun Corporation at 281 percent profit. Sure wish I had bought more than 20K shares.
Shoulda, woulda, coulda's rule this market.
 
You need to follow Mad Money, Jim Cramer is spot on.
 
I got 2000 shares on the IPO. I dumped 1/2 at 43 and I'm going to sit on the rest.
 
Yes I did not grab any but I am always curious to watch the stock either really grow or tank.
 
When people on a detailing website are discussing the merits of owning facebook stock, then at some point you might wanna buy it. Well hyped, but that was only to meet the big demand.
 
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