Facebook To IPO at $29 to $35

[Underseige]

Yep the stock many are waiting for is set to go public on May 17th. Now the question is will people take a chance? I think if you don't at least buy 100 shares you should not be in stocks. What do you think.

[zenwalk]

Two words of advice: My Space.

[TheIcon]

I might get my feet wet but not something I would be looking for long term at all. Get a few shares. If it goes up a little say thanks and gtho.

[afan]

Facebook will be a $500 stock in 1 year. You will be a fool not to invest in it. As far as social networking....it is in a class by itself and will buy up many companies and expand into other ventures. This is only the start of something bigger than google and AAPL. You heard this from me and in a year see who is right.

[LarryN]

Facebook will be a $500 stock in 1 year. You will be a fool not to invest in it. As far as social networking....it is in a class by itself and will buy up many companies and expand into other ventures. This is only the start of something bigger than google and AAPL. You heard this from me and in a year see who is right.

This guy is predicting $18 within nine months. I think that is closer to more likely.

http://finance.yahoo.com/video/marke...-29335949.html

[Eastside Terp]

I'll sit this one out .......

we have a few t rowe funds that have decent positions in FB .......

these last few months have been pretty tough with several significant swings in both directions ......

heck, even apple is down a hundred bucks ......

just hold on for the ride, collect the dividends and hope for a change in november .....

[Mitchum]

For the last 100 plus years the market always rises with a Democrat in office. Under Dumbya my 401K became a 201K.

[boink]

108 times earnings?

no way Jose
----------------------------------

http://dealbook.nytimes.com/2012/05/...-to-investors/

Facebook is trading at 108 times its earnings in the 12 months through March, compared with 14 times for the overall market and 18 times for Google, Facebook’s main competitor for online advertising revenue. On sales, Facebook’s stock price also looks rich, even alongside similar companies. LinkedIn, a social network, trades at 17 times sales. Facebook far exceeds that at 26 times.

“I can’t justify it,” said Anup Srivastava, an assistant professor at the Kellogg School of Management at Northwestern University. “Facebook is a great business, but it’s worth around $25 billion.”

[gps29070]

Already some of the 1 percenters are suing Facebook and NASDAQ... Guess they lost money so far....

http://www.reuters.com/article/2012/...8GN09Y20120523

[BS21213]

Two words of advice: My Space.

thats what I was thinking. but I wish it would hurry up and happen. I'm sick of hearing about mark zuckerberg.

[zenwalk]

thats what I was thinking. but I wish it would hurry up and happen. I'm sick of hearing about mark zuckerberg.

I hear you there. Love to see them nailing him for insider trading with the usual Wall Street suspects. The IPO continues to be a complete disaster.

In particular, the suit claims that Facebook executives told the underwriter banks to lower their revenue projections for the company, and that the banks relayed this information to favored clients but not to the general public.
If true, this would likely be in violation of federal securities law, which dictates that all "material information" -- facts that could influence investor decisions -- be disclosed by public companies and companies planning to go public in their filings with the Securities and Exchange Commission.
Documentation to support this claim is not provided in the lawsuit, though Darren Robbins, a lawyer for the plaintiffs, said his team had access to "witnesses and shareholders and other sources of information."

http://money.cnn.com/2012/05/23/tech...ook-ipo-legal/

[Kenect2]

For the last 100 plus years the market always rises with a Democrat in office. Under Dumbya my 401K became a 201K.

Yay, another bubble. Congratulations.

[zenwalk]

What's interesting is this incident is rebounding against Wall Street as a perfect example of how the public investor is considered fish by the too big to fail crowd.

Wall Street appears bent on convincing Main Street that the game is rigged.

Investor anger is mounting over the initial public offering of Facebook stock last week, which was fumbled by the banks that managed the deal and complicated by technical problems at the Nasdaq stock exchange.

Shareholders filed at least two lawsuits against Facebook and Morgan Stanley, the bank that shepherded the IPO, over reports that it withheld negative analyst reports about Facebook from some clients before the company went public.

It was the second stumble this month by a major Wall Street firm. JPMorgan Chase, usually revered for taming risk, has yet to contain a growing $2 billion loss in one of its trading units.

http://www.boston.com/business/techn...wxO/story.html

[Oriole-Bob]

Facebook will be a $500 stock in 1 year. You will be a fool not to invest in it. As far as social networking....it is in a class by itself and will buy up many companies and expand into other ventures. This is only the start of something bigger than google and AAPL. You heard this from me and in a year see who is right.

Hmm maybe i'll buy your shares from you when it hits $10.00

[tampafan76]

Invest in something that produces nothing.....hmmmmmmm.....sounds like voting left again.....

[LarryN]

Facebook will be a $500 stock in 1 year. You will be a fool not to invest in it. As far as social networking....it is in a class by itself and will buy up many companies and expand into other ventures. This is only the start of something bigger than google and AAPL. You heard this from me and in a year see who is right.

You still predicting $500 in a year?

http://blogs.wsj.com/marketbeat/2012...resh-ipo-lows/

[boink]

this board is even more entertaining than Sunspot

http://messages.finance.yahoo.com/mb/FB

[zenwalk]

Zuckerberged! Warren Buffet's partner Charlie Munger had this to say:

While Buffett kept his remarks broad, referring to his dislike for investing in IPOs in general, his investing partner Charlie Munger had harsher words for Facebook.

"I don't invest in what I don't understand. And I don't want to understand Facebook," Munger said.

"I don't want people putting all this personal stuff into a permanent record when they are 15 years of age. I think it's counterproductive," the 88-year-old Munger told CNN.

"I just basically don't like it."

Pretty funny, but on the button.

[BS21213]

facebook is cool.

[gps29070]

Facebook stock is rebounding... It was down to around $25 a share just 3 weeks ago and now is at just over 32...