NA: Who is buying Facebook stock today?

wsuffa said:
Concur. Look at the business premise & the overall market. Even if one posits that this technology is as transformational as Ma Bell was at it's founding, the source(s) of revenue is different - and Ma Bell didn't start at this kind of valuation. It grew over time. I don't believe the valuations will sustain (see, for example, AOL and TimeWarner....). You can't tell me that this company - as it sits today - is worth more than so many other companies in the public market.
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Agree very much with that.

For anyone else still reading, some serious thought on not buying IPOs, from two of my favorite bloggers:

http://www.ritholtz.com/blog/2012/05/syndicate-if-you-can-get-it-run-the-other-way/

http://alephblog.com/2012/06/07/on-the-facebook-ipo/
 
So, who's buying today? If you liked it in the $30's, you'll love it at $22! :devil:

This baby's gettin' into value territory! :devil::devil:

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Zynga is down to $3 now too. Buy both and ride them into the ground! :stirpot:
 
The lock-up shares are here! The lock-up shares are here! (says Navin Johnson)

Who wants some at $19.15? :devil:

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Gary said:
Naaa... I'll wait this out, don't use facebook anyway. Who is Navin Johnson?
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This makes me sad... no one remembers The Jerk? :)

The lesson Navin's dad teaches him at the beginning of the movie, applies to this stock... :)

(Now go watch The Jerk, and do your penance this weekend. LOL!)

I have my paddle game, this chair, this lamp... and that's ALL I NEED!
 
If it gets much lower, it might actually converge with its founders' moral and ethical standards. Right now, it's about equal with those of Mark's Russian Mob partners at DSK.

-Rich
 
The wonders of the market never cease to amaze me. How much cumulative American wealth has Wall Street cost over the last decade?
 
Henning said:
The wonders of the market never cease to amaze me. How much cumulative American wealth has Wall Street cost over the last decade?
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Wall Street doesn't cost anybody anything unless those who wish to gamble their business elect to go public.
 
pilot_dude said:
Wall Street doesn't cost anybody anything unless those who wish to gamble their business elect to go public.
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Exactly. We VOLUNTEER to walk into that casino. Nobody forces us. Yet we are forced to have money confiscated from us for wasteful, and irresponsible spending by our government, but that's OK.
 
pilot_dude said:
Wall Street doesn't cost anybody anything unless those who wish to gamble their business elect to go public.
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Not their wealth, the dumb dumbs who keep throwing their money at them to make them money with. My dad lost more money in the market than he ever paid in taxes.
 
Anthony said:
Exactly. We VOLUNTEER to walk into that casino. Nobody forces us. Yet we are forced to have money confiscated from us for wasteful, and irresponsible spending by our government, but that's OK.
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Yes we do, but...

Anyone saving for retirement is likely involved in a 401k plan, and many have God-awful choices for investments as the only "government-approved" way to defer taxes.

Holler, scream, and whine that you want self-directed investing inside any crappy company 401k plan that doesn't offer it and get your co-workers in on it too.

The 401k management company that offers the plan through your company will hate it, they want to sell you their heavily front-end loaded ****-poor mutual funds.

They'll charge high fees for the self-directed option, but if you have more than three brain cells to rub together, you can probably figure out how to minimize them. And also get to invest in best-of-breed things inside the 401k and not the slop offered by the management company.

So indirectly, government is creating a situation where they make management companies rich because folks don't look at the dog's breakfast offered inside most 401k plans and say, "What is this crap?"
 
Anthony said:
Who is forcing you to invest your retirement funds in "Wall Street" investments? You have no say in where your money goes?
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But...but...but..."That's where the 'Smart Money' goes" that's what all the advertisements say. How many practical investment options does the average person who doesn't work in the financial sector really have?
 
Henning said:
But...but...but..."That's where the 'Smart Money' goes" that's what all the advertisements say. How many practical investment options does the average person who doesn't work in the financial sector really have?
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Easy ones where someone skims all the cream off the top, or hard ones like apartment buildings that you do all the labor on, strip malls, restoring old cars, etc? Heh.

Plenty of "investment opportunity" out there. Most of them require work though. Can't "watch it grow" until you can afford to hire minions. :)
 
Anthony said:
Who is forcing you to invest your retirement funds in "Wall Street" investments? You have no say in where your money goes?
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Oh, no. I sense another "blame the victim" argument coming on.

"If only, you had spent all day long monitoring what is going on with your money and moved it out of whatever pro-actively every day, you wouldn't have lost anything. How could you be so lazy and selfish as to spend your days at work working and your nights at home just sleeping and enjoying flying?"

I choose not to participate in this argument.
 
denverpilot said:
Easy ones where someone skims all the cream off the top, or hard ones like apartment buildings that you do all the labor on, strip malls, restoring old cars, etc? Heh.

Plenty of "investment opportunity" out there. Most of them require work though. Can't "watch it grow" until you can afford to hire minions. :)
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The majority of people have neither the time available nor the wherewithal to be successful real estate investors. I had rental property, it's not a great investment unless you want to be a slumlord.
 
Henning said:
The majority of people have neither the time available nor the wherewithal to be successful real estate investors. I had rental property, it's not a great investment unless you want to be a slumlord.
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Agreed. Just saying there *are* other options. ;)

The biggest effect anyone can have on their fiscal freedom is spending significantly less than they earn.

Where you stash it after that is just a shell game with some shells having money eating monsters living under them.
 
Henning said:
How many practical investment options does the average person who doesn't work in the financial sector really have?
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I happen to have plenty of options how to invest my 401K. I can for example put it into some money market fund if I were risk averse (though money market has no backing of FDIC). But if I were really paranoid I would put zero $ in 401K and have my own "401K" gold bullion in some ceramic jar buried right next to my dog. No, I don't work in the "financial sector".:confused:
 
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AuntPeggy said:
Oh, no. I sense another "blame the victim" argument coming on.

"If only, you had spent all day long monitoring what is going on with your money and moved it out of whatever pro-actively every day, you wouldn't have lost anything. How could you be so lazy and selfish as to spend your days at work working and your nights at home just sleeping and enjoying flying?"
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No, people lose money that way, too!
 
Henning said:
Not their wealth, the dumb dumbs who keep throwing their money at them to make them money with. My dad lost more money in the market than he ever paid in taxes.
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I sincerely mean no disrespect but your father should not have "played the market" if he didn't understand. And if he "lost more money in the market than he ever paid in taxes", he sure as hell didn't understand how to invest in the market.
 
olasek said:
I happen to have plenty of options how to invest my 401K. I can for example put it into some money market fund if I were risk averse (though money market has no backing of FDIC). But if I were really paranoid I would put zero $ in 401K and have my own "401K" gold bullion in some ceramic jar buried right next to my dog. No, I don't work in the "financial sector".:confused:
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If you did that with gold bullion right now it would be tantamount to investing in Palm Beach real estate in May of 2008 and for the same reason, Wall Street created a perceived financial demand for it with no real increase in consumer demand until they created it by pumping gold securities. Your 401k will be managed by a firm that is trying to make themselves the most money off your money. Both are the same 'follow the financial sector' leads.
 
Henning said:
But...but...but..."That's where the 'Smart Money' goes" that's what all the advertisements say. How many practical investment options does the average person who doesn't work in the financial sector really have?
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Thousands
 
Henning said:
Your 401k will be managed by a firm that is trying to make themselves the most money off your money.
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And more power to them as long as they keep me happy. So far I fail to see anything illuminating in your comments but there must be perhaps a wisdom buried somewhere very deep, if I only had time to dig it up.
 
Henning said:
What options do you have with your retirement fund?
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Oh, I don't know, the 1,000's of mutual funds, stocks, bonds, etc available? I use each of them in my retirement fund outside what is available within the company sponsored 401(k).
 
olasek said:
And more power to them as long as they keep me happy. So far I fail to see anything illuminating in your comments but there must be perhaps a wisdom buried somewhere very deep, if I only had time to dig it up.
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Thing is, these managed plans even keep taking their cut while they are losing your principle.
 
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