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Talking stocks, trading, and investing in general

Discussion in 'Business, Careers & Education' started by mikeman, Feb 2, 2011.

  1. chogall

    chogall Well-Known Member

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    Aug 12, 2011
    fucked

    meg whitman isnt the best operations guy out there. and the whole board is fucked. ray fucknig lane?
     
  2. idfnl

    idfnl Well-Known Member

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    Buying every share in sight that approaches 28 so the price wouldnt tick down below the IPO price.
     
  3. calisanfran

    calisanfran Well-Known Member

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    I don't remember the exact number but when the stock got to $38 you could see a Bid of $38 for 9,999,999 shares. That basically was a bid from the underwriters looking to buy any shares that sellers were looking to sell at $38.
     
  4. Pennglock

    Pennglock Well-Known Member

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    Zuckerberg is a genius. He squeezed the bankers on fees probably more than any IPO in history, left absolutely no money on the table with the IPO price, and even got a little more with the banks' backstop. And people wondered why he didnt go the auction route...
     
  5. calisanfran

    calisanfran Well-Known Member

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    Considering the size of the offering a 1.1% commission is actually not bad.
     
  6. stevent

    stevent Well-Known Member

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    Yeah, so much money lost to bankers if the IPOs pop like crazy
     
  7. linds_15

    linds_15 Well-Known Member

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    i would think theyd gain more on their ownership popping
     
  8. idfnl

    idfnl Well-Known Member

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    FB way below IPO price premarket - all they really cared about was not seeing it go red the first day. Now they dont give a shit.

    http://www.google.com/finance?q=NASDAQ:FB

    38.23
    0.00 (0.00%)
    Pre-market: 36.85 -1.38 (-3.61%)
    May 21, 8:33AM EDT
     
  9. SkinnyGoomba

    SkinnyGoomba Well-Known Member

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    Princeton, NJ
    There is a price where Facebook would have popped, but $38 wasn't it. Odd that they were so fixated on a very high price going in.
     
  10. Nereis

    Nereis Well-Known Member

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    The only thing propping it up so far are the index fund guys who are forced to buy this thing.
     
  11. idfnl

    idfnl Well-Known Member

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    Actually, this is really the way it should be. The objective of an IPO is to benefit the company, give it working capital, etc. The way the IPO system has worked has only served to benefit the banks and funds. In reality, no well done IPO should ever see a pop of more than a few %. The idea is to INVEST, not FLIP.

    I think the expectations of this were so over the top that it will be viewed as a flop. I do think they priced too high, 100b valuation? GTFO... 30 would have been reasonable open. Maybe let it go to 33, but 38 was too high. Now there are a lot of people stuck in.
     
  12. idfnl

    idfnl Well-Known Member

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  13. idfnl

    idfnl Well-Known Member

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    Last edited: May 21, 2012
  14. otc

    otc Well-Known Member

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    This is a rare example of a place where pie charts are used well (click for full size):
    [​IMG]
     
    Last edited: May 21, 2012
  15. crispeta

    crispeta Well-Known Member

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    Nov 16, 2010
    Is it sloppy to not reached out for AAPL eo last week? I mean, no matter what, that stock is probably going to reach the moon before Branson's Virgin Galactic..
    I heard this Apple company is the new Dell and more recently they've started to interrupt Nokia's phone biz, too.. ;)
     
  16. cross22

    cross22 Well-Known Member

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    LOL @FB

    (someone "like" this for good measure)
     
    Last edited: May 21, 2012
    2 people like this.
  17. SkinnyGoomba

    SkinnyGoomba Well-Known Member

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    Princeton, NJ
    

    I disagree, I think that is a bit one sided even though that is the basic idea. Accurate valuation is fair on both ends, the market does not seem to view this as accurate.
     
  18. sns23

    sns23 Well-Known Member

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    The goal is to get as much money for the company as possible. Anything more than a single digit pop demonstrates that the shares were undervalued.
     
  19. idfnl

    idfnl Well-Known Member

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    Judging by this result so far, Zuck fucked everyone good.

    Was never a fair valuation. He took advantage of the hype and got an insane price. To be honest, I didnt expect this bad a reaction. Its good for the market long term though. This is going to get talked about for years.
     
  20. sns23

    sns23 Well-Known Member

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    Jun 28, 2011
    

    He sure did. He got tons of money for the company. I never understood the triple digit valuation. Maybe 50b, but not over 100.
     

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