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Facebook

Posted: May 30th, 2012, 4:09 pm
by Traden4Alpha
QuoteOriginally posted by: traderjoe1976I just don't understand how people got suckered into buying it at $45.They believed that the law of supply and demand would trump the law of pricing a discounted cashflow. They were right about the demand side -- a huge number of people desperately wanted shares. But they were wrong about the supply -- FB and the early investors supplied a hell of a lot of shares. With an over-supplied market, people looked at the fundamentals and realized that they couldn't support the bubble price.

Facebook

Posted: May 30th, 2012, 4:23 pm
by CrashedMint
QuoteOriginally posted by: outrunI think people wanted to get on board much earlier, but facebook and the underwriters were greedy and decided to wait and sell at the risk adjusted peak value of FB.this.they transformed hypothetical wealth into real wealth at the peak valuation. So if Facebook implodes he has a billion cash in the bank. rest is scorekeeping.

Facebook

Posted: May 30th, 2012, 5:13 pm
by hayes
QuoteOriginally posted by: Traden4AlphaBlame the U.S. banking & credit card industry which still uses the magnetic-strip technology for almost all cards....... (In turn, this difference is due to cheap landline telephones in the US, but that's another story!)Do tell?...... Surely it's not to do with lack of bandwidth between the ATMs and the banks servers, is it?

Facebook

Posted: May 30th, 2012, 10:10 pm
by Traden4Alpha
QuoteOriginally posted by: hayesQuoteOriginally posted by: Traden4AlphaBlame the U.S. banking & credit card industry which still uses the magnetic-strip technology for almost all cards....... (In turn, this difference is due to cheap landline telephones in the US, but that's another story!)Do tell?...... Surely it's not to do with lack of bandwidth between the ATMs and the banks servers, is it?Actually, it's because everyone in the US got a landline (with "free" unlimited local calling) before the advent of smartcards. Hence, payphones were never very common nor very heavily used so the US never deployed the chip-based smartcard technology so widely used in Europe. Hence, no one in the US uses this technology and the entire ATM and POS credit card network uses mag-stripe devices. Moreover, low-cost landlines meant that US retailers switched to online verification pretty early which reduced one of the advantages of smartcards for credit cards.

Facebook

Posted: June 1st, 2012, 5:24 am
by Cuchulainn
QuoteOriginally posted by: Traden4AlphaQuoteOriginally posted by: daveangelMark Zukerberg struggles with a cash machine on CapriLOL! Blame the U.S. banking & credit card industry which still uses the magnetic-strip technology for almost all cards. That makes US cards incompatible with many EU ATMs and POS terminals that use chip-based cards. (In turn, this difference is due to cheap landline telephones in the US, but that's another story!)What about ATM at the Vatican? Maybe the lingo just confused him.

Facebook

Posted: June 6th, 2012, 3:41 pm
by ppauper
Facebook Is a Buy at $20

Facebook

Posted: June 6th, 2012, 4:01 pm
by rmax
Sounds as though he is talking his book up.

Facebook

Posted: June 6th, 2012, 4:04 pm
by daveangel
QuoteOriginally posted by: rmaxSounds as though he is talking his book up.no pun

Facebook

Posted: June 6th, 2012, 4:15 pm
by rmax
QuoteOriginally posted by: daveangelQuoteOriginally posted by: rmaxSounds as though he is talking his book up.no punv. good!

Facebook

Posted: June 6th, 2012, 6:11 pm
by tags
Facebook lost more than 40% in value in less than 3 weeks.I wonder whether Obama is already planning to bail out Zuckschmuck's company.

Facebook

Posted: June 6th, 2012, 6:39 pm
by Traden4Alpha
QuoteOriginally posted by: rmaxQuoteOriginally posted by: daveangelQuoteOriginally posted by: rmaxSounds as though he is talking his book up.no punv. good!

Facebook

Posted: June 6th, 2012, 11:27 pm
by CrashedMint
QuoteOriginally posted by: edouardFacebook lost more than 40% in value in less than 3 weeks.Actually every single senior FB person made more money this month - cash! - than you are probably going to make in your life. So, boo, what losers. The whole Facebook IPO should have been called "Operation: Turn fantasy money into cold hard cash" and was pulled off at peak valuation. Don't you think they knew that now every fucking idiot "analyst" working for a second class shit fund would bash them? My ass worth a look at 20. Why? Why not 22 or 18 or 48 or 64 or 11 or 38? It's random bullshit numbers. But hey, if people ask me: "Yo, you wanna make a billion cash but thing is you'll have to put up with douches and probably people hate you a bit" i'd be in. You?

Facebook

Posted: June 7th, 2012, 12:03 am
by Traden4Alpha
QuoteOriginally posted by: CrashedMintQuoteOriginally posted by: edouardFacebook lost more than 40% in value in less than 3 weeks.Actually every single senior FB person made more money this month - cash! - than you are probably going to make in your life. So, boo, what losers. The whole Facebook IPO should have been called "Operation: Turn fantasy money into cold hard cash" and was pulled off at peak valuation. Don't you think they knew that now every fucking idiot "analyst" working for a second class shit fund would bash them? My ass worth a look at 20. Why? Why not 22 or 18 or 48 or 64 or 11 or 38? It's random bullshit numbers. But hey, if people ask me: "Yo, you wanna make a billion cash but thing is you'll have to put up with douches and probably people hate you a bit" i'd be in. You?Exactly! This is why Buffet doesn't like IPOs: the insiders get to pick the time to sell and -- surprise! surprise! -- the insiders sell at the high.Everybody knows about this nasty little information asymmetry but the IPO buyers sucker themselves through a combination of greed and collective selective memories of those IPOs that did do well. By forgetting the losers, they become losers themselves.

Facebook

Posted: June 7th, 2012, 6:53 am
by daveangel
QuoteOriginally posted by: CrashedMintQuoteOriginally posted by: edouardFacebook lost more than 40% in value in less than 3 weeks.Actually every single senior FB person made more money this month - cash! - than you are probably going to make in your life. So, boo, what losers. The whole Facebook IPO should have been called "Operation: Turn fantasy money into cold hard cash" and was pulled off at peak valuation. Don't you think they knew that now every fucking idiot "analyst" working for a second class shit fund would bash them? My ass worth a look at 20. Why? Why not 22 or 18 or 48 or 64 or 11 or 38? It's random bullshit numbers. But hey, if people ask me: "Yo, you wanna make a billion cash but thing is you'll have to put up with douches and probably people hate you a bit" i'd be in. You?Its not about the money