If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Bloomberg)   Facebook planning to stop taking orders for its IPO two days ahead of schedule. SO STOP POKING ME - MZ   (bloomberg.com) divider line 13
    More: Followup, IPO, Facebook, UPS, NASDAQ Stock Market, days ahead, JPMorgan Chase & Co., Chief Executive Officer Mark Zuckerberg, Menlo Park  
•       •       •

358 clicks; posted to Business » on 14 May 2012 at 8:24 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



13 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

Archived thread
 
2012-05-14 08:41:50 AM
I bought 100 shares from a guy who was selling them off the back of a truck, so I'm getting a real kick out of this headline
 
2012-05-14 09:41:44 AM
Anyone taking bets on how long it will be until these rubes take their bath?
 
2012-05-14 10:16:52 AM
If you're buying Facebook shares, I've got some Greek-Euro bonds here that you might also be interested in...
 
2012-05-14 11:19:55 AM

IrateShadow: Anyone taking bets on how long it will be until these rubes take their bath?


A while. This stock is going to explode tomorrow morning.
 
2012-05-14 12:08:20 PM

Why Would I Read the Article: IrateShadow: Anyone taking bets on how long it will be until these rubes take their bath?

A while. This stock is going to explode tomorrow morning.


My guess is sometime before Christmas. The stock markets will be closed on Thanksgiving and won't open again until well after midnight, so probably the mass liquidation will begin the day before Thanksgiving (so that people have money with which to participate in the annual Running Of The Fools). The panic will begin shortly after that as people sell their stock because the value is plummeting, which will cause the stock to nosedive, which will panic more people into selling while their stock certificates are still worth more than the paper it's printed on, which will drive down the stock, et cetera, until it's worth less than a nickel per share.

tldr bankrupt by Christmas.
 
2012-05-14 12:12:38 PM

King Something: My guess is sometime before Christmas. The stock markets will be closed on Thanksgiving and won't open again until well after midnight, so probably the mass liquidation will begin the day before Thanksgiving (so that people have money with which to participate in the annual Running Of The Fools). The panic will begin shortly after that as people sell their stock because the value is plummeting, which will cause the stock to nosedive, which will panic more people into selling while their stock certificates are still worth more than the paper it's printed on, which will drive down the stock, et cetera, until it's worth less than a nickel per share.

tldr bankrupt by Christmas.


I think that's optimistic. If the market goes through its usual pre-election shuffle, it's possible the share value could collapse before halloween.
 
2012-05-14 12:19:23 PM

IrateShadow: I think that's optimistic. If the market goes through its usual pre-election shuffle, it's possible the share value could collapse before halloween.


Don't the insiders have to wait 6 months before they really start seriously bailing out and knifing the rubes?

I assumed that's why King Something was talking mid-November.
 
2012-05-14 12:22:43 PM
I'm too much of a woosie to try to short something with no intrinsic value but infinite numbers of buyers willing to pay anything to get hold of it, but I'm sure going to be taking a close look at the price of January or February puts as soon as I can.
 
2012-05-14 12:47:26 PM

Sliding Carp: Don't the insiders have to wait 6 months before they really start seriously bailing out and knifing the rubes?

I assumed that's why King Something was talking mid-November.


I didn't even think about that. His timetable is probably much closer, then.
 
2012-05-14 12:52:55 PM

Sliding Carp: IrateShadow: I think that's optimistic. If the market goes through its usual pre-election shuffle, it's possible the share value could collapse before halloween.

Don't the insiders have to wait 6 months before they really start seriously bailing out and knifing the rubes?

I assumed that's why King Something was talking mid-November.


Good guess, but wrong.

Re-read my post. I mentioned the annual stampede of people with more money than brains buying everything they could on Black Friday (the day after Thanksgiving, with most stores opening at midnight) using the money they got by selling their Facebook stock the day before Thanksgiving.

Although you are right that the insiders will really start seriously bailing out and knifing the rubes, it'll happen on either Black Friday or the following Monday, and the rubes readying their wallets for their shopping sprees will be the catalyst.
 
2012-05-14 01:39:36 PM
I dunno. This company only has value for as long as facebook remains cool. Nothing stays cool forever. Except Chuck Norris.
 
2012-05-14 01:41:36 PM
This is one of those things where I wonder if the entire world has gone off its rocker or I've just failed to understand the level of service econ we've become. Facebook without a doubt has value as an advertising goldmine but 96 billion? Just no.

It's a pretty decent time for Zuckerberg to cash out though.
 
2012-05-14 04:32:06 PM

King Something: Re-read my post. I mentioned the annual stampede of people with more money than brains buying everything they could on Black Friday (the day after Thanksgiving, with most stores opening at midnight) using the money they got by selling their Facebook stock the day before Thanksgiving.


Ah, got it now - they need the GI Joe with the kung-fu grip.
 
Displayed 13 of 13 comments

View Voting Results: Smartest and Funniest


This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »






Report