Facebook IPO

[ckinchen]

Should be intresting.

http://money.cnn.com/2012/05/17/tech...x.htm?iid=Lead

[Armand16]

who is buying at IPO?

[BIG RED 1983]

I think its over rated should be selling for 18-22 a share

[ckinchen]

Originally Posted by Armand16

who is buying at IPO?

I am, going to try and roll with the wave and sell next week. I do not believe it is a good longer term investment at all but I think the hype will make it a huge IPO.

["W"]

Thats going to be EPIC FAIL.........

[ckinchen]

Originally Posted by "W"

Thats going to be EPIC FAIL.........

Yes becuase you know so much about well...... Everything. We all better and smarter for having known you.


I think it will have a very good first day on the IPO then a good week the following week. I won't be in the stock after next week so I don't care what it does long term and I would not want to hold it long term.

Facebook is SaltyCajun with more members, no real assets.

["W"]

Facebook makes its money on advertising....they said already that companies who advertise on Facebook have not showed any improvement in sales

Facebook is on the down slide....don't think it will ever get to $40

[ckinchen]

Originally Posted by "W"

Facebook makes its money on advertising....they said already that companies who advertise on Facebook have not showed any improvement in sales

Facebook is on the down slide....don't think it will ever get to $40

It will close at well over $40 tomm and on Monday and that is all I care about. Long term if it goes to 10 cents that would be fine.

[MattW]

How did you get in on the IPO? All the big companies are jumping on it. Can't find anyone to sell it.

[Armand16]

Originally Posted by ckinchen

I am, going to try and roll with the wave and sell next week. I do not believe it is a good longer term investment at all but I think the hype will make it a huge IPO.

Yup, pump and dump should be your only strategy. I think the time to sell will be somewhere between Monday and Wednesday. Good luck, wish I had the balls.

["W"]

Originally Posted by Armand16

Yup, pump and dump should be your only strategy. I think the time to sell will be somewhere between Monday and Wednesday. Good luck, wish I had the balls.

Xs...2....

Just to risky for me at that price

[ckinchen]

Originally Posted by MattW

How did you get in on the IPO? All the big companies are jumping on it. Can't find anyone to sell it.

If you have over X dollars in your investment account they will allow you to get in on IPO's at a discount before the are made avaialble to the public. I get a notice of upcomign IPO if I want to participate. The stock will go on sale to everyone in the morning.

It is a risk, no doubt. I will watch it very closely and hope to get out between Mon / Wen of next week.

One problem however is if you buy stock in an IPO in a pre-sale most brokerage firms like to see you hold it for at least six months or they can refuse to offer you on pre-sale terms in the future. I am going to buy some more in the AM if the price is not to crazzy and try to dump that block.

[ckinchen]

Originally Posted by Armand16

Yup, pump and dump should be your only strategy. I think the time to sell will be somewhere between Monday and Wednesday. Good luck, wish I had the balls.

I agree with that time frame.

[bjhooper82]

Good luck with it Casey. Hope it works out for you. Let us know how you do.

[fishinpox]

how much u thinking? 20k? ....simple math 34$/share .....20,000/34= 588 if it goes to 40 wed thats 6$ x 588= 3529.00 - fees/taxes ....seems like a big risk to make peanuts . am i looking at this wrong?

[I make oil]

No Pox you are dead on right. Then you gotta pay the capital gains. Pump and dump is tough to win with in my opinion especially with a IPO like this. Good luck to you guys who buy into this.

[ckinchen]

Originally Posted by fishinpox

how much u thinking? 20k? ....simple math 34$/share .....20,000/34= 588 if it goes to 40 wed thats 6$ x 588= 3529.00 - fees/taxes ....seems like a big risk to make peanuts . am i looking at this wrong?

I think the top end of the wave will be much, much higher than $40 but who knows.

[PBJ]

Originally Posted by ckinchen

I will watch it very closely and hope to get out between Mon / Wen of next week.

One problem however is if you buy stock in an IPO in a pre-sale most brokerage firms like to see you hold it for at least six months or they can refuse to offer you on pre-sale terms in the future. I am going to buy some more in the AM if the price is not to crazzy and try to dump that block.

Dump it Friday afternoon or at least put a stop on it.

[GT11]

Some analyst predicted 2x - 3x pop....I got in at $38 but dumped it at $41.50 when I saw it wasn't going anywhere. Was hoping for the bump LinkedIn had.

BAC is the one to watch...made big $$$$ on a 5/6 risk revesal (options trade) this spring. Now it is down again and there will be much upside.

[ckinchen]

Originally Posted by GT11

Some analyst predicted 2x - 3x pop....I got in at $38 but dumped it at $41.50 when I saw it wasn't going anywhere. Was hoping for the bump LinkedIn had.

BAC is the one to watch...made big $$$$ on a 5/6 risk revesal (options trade) this spring. Now it is down again and there will be much upside.

Same here, I sold my shares just over $40.00. I did make a few $$ on it but not anwhere close to what I had hoped. Oh well, some profit is better than a loss.