patrick.net

mell says

Blue says

BayArea says

My order filled today at $175/share

If FB maintains the revenue and profits around the same current level, given PE 25, its is not too expensive in the long run.

A PE of 25 will never hold though in a recession, PE could easily go below 10. But so far there's no recession in sight.

I'd keep a FB position at 25 PE. It is still the pre-eminent social media platform.

To be a prospective financial advisor one has to complete a 3-hour Series 65 exam, costs $178. The prerequisite is a undergraduate degree. It can not be too difficult to get one, hope many of you well aware of 'advisor'.

Blue says

To be a prospective financial advisor one has to complete a 3-hour Series 65 exam, costs $178. The prerequisite is a undergraduate degree. It can not be too difficult to get one, hope many of you well aware of 'advisor'.

So someone with a degree in music, who managed to pass a 3 hour test after 9 attempts, is fully qualified to advise you on how to handle your life savings.

CBOEtrader says

It is still the pre-eminent social media platform.

This is the crux of the biscuit. I've not seen a damn site that's even considered a legit competitor to FB. I wouldn't pour my fortune into FB at this point, but I also wouldn't be overly concerned that it's crashing harder. FB is purely based on human emotions and those turn at a moments notice. For now, I think FB is fine and given the communicative nature of our society, I think FB has a decent future. Not sure about stock price though.

Every major company that have had spectacular one day drops in the tens of billions, like Microsoft, Intel, Amazon, have always came back to achieve new heights.
Every one of them.

Strategist says

Every major company that have had spectacular one day drops in the tens of billions, like Microsoft, Intel, Amazon, have always came back to achieve new heights.
Every one of them.

You weren't invested in Enron or Bear Stearns. Yes though, overreactions are normal into crashes, ESPECIALLY in market wide crashes like 2008. You'll remember Warren Buffet started piling on into the crash. Didn't he sell a $multi billion SP500 750 put to GS? Market touched a low of 666 (not a coincidence) in March of 2009 before bouncing like crazy.

My old boss took his 2008 self paid bonus of $20 million, and in 2009 bought something like $80 million of notional value corporate bonds with that $20 million. I think he had a 250% return in one year.

It will soar back with vigor, no question

https://www.cnbc.com/2018/07/27/twitter-earnings-q2-2018.html

Twitter shares drop 14 percent after reporting declining monthly active users
Earnings per share: 17 cents vs. 17 cents, according to a Thomson Reuters consensus estimate
Revenue: $711 million vs. $696.2 million, according to a Thomson Reuters consensus estimate
Monthly active users (MAUs): 335 million vs. 338.5 million, according to StreetAccount and FactSet estimate

In other news, ExxonMobil is down 3.5%. It's all because of my electric car. I feel your pain, ExxonMobil, and thoroughly enjoy it.

No guarantee but electric cars is one of the reasons why the oil may not go too high.

Blue says

No guarantee but electric cars is one of the reasons why the oil may not go too high.

Eventually, every new car sold on the planet will be electric. It's not a question of if, but when. Therefore, it's not a question of if oil becomes obsolete, but when.
I am willing to bet no major car manufacturer will be manufacturing gasoline cars by 2030. The economics shows an incredible savings with electric cars. San Diego is already offering electricity to electric car owners at 9 cents a KwH if you charge at night. That's 3 cents a mile, $30.00 a month for fuel if you drive 1000 miles per month. No one will want to pay $150.00 per month for the same miles on gas. The utility also gave $500 rebate per electric car on their electric bill, essentially giving you free fuel. I received a $1,000 credit for 2 e-cars.

Strategist says

Eventually, every new car sold on the planet will be electric. It's not a question of if, but when. Therefore, it's not a question of if oil becomes obsolete, but when.
I am willing to bet no major car manufacturer will be manufacturing gasoline cars by 2030. The economics shows an incredible savings with electric cars. San Diego is already offering electricity to electric car owners at 9 cents a KwH if you charge at night. That's 3 cents a mile, $30.00 a month for fuel if you drive 1000 miles per month. No one will want to pay $150.00 per month for the same miles on gas. The utility also gave $500 rebate per electric car on their electric bill, essentially giving you free fuel. I received a $1,000 credit for 2 e-cars.

I would like to thank all tax payers for contributing towards my electric car. I really appreciate it. Please contribute more.
Hey Captain, need a free ride to the airport? You are paying for it anyway. he he he he.
Gosh, I love rubbing it in. It's so much fun being evil.

Strategist says

The utility also gave $500 rebate per electric car on their electric bill, essentially giving you free fuel. I received a $1,000 credit for 2 e-cars.

How's it feel to be a Socialist?

Strategist says

You are paying for it anyway. he he he he.
Gosh, I love rubbing it in. It's so much fun being evil.

You're welcome!

Patrick says

Twitter shares drop 14 percent after reporting declining monthly active users

Without Trump, Twitter would have folded in 2015.

Trump really is the main attraction of Twitter these days. He's pretty damn entertaining.

CBS stock down sharply on news CEO Les Moonves will be named in sexual misconduct article.

#MeToo

Anyone wondering about Trump's vocal message to his supporters the other day. When he implored his supporters to stick with him and don't listen to the fake news.
Then his very vocal damning Tweet on banning and censoring Conservative users. The other day I looked Trump's Twitter post. Every single reply was the Vicious nasty Liberals regurgitating Maxine Water's Ape Monkey vitriol. Not a single Trump supporter is left on Twitter to thank him or to post a positive thought in that thread.

It's a low down dirty rotten shame the levels the Liberal filth will stoop.

tovarichpeter says

Good time to buy

Yep, I mean think of everything they produce! Advertising revenue... Umm... ... ...

MrMagic says

Strategist says

The utility also gave $500 rebate per electric car on their electric bill, essentially giving you free fuel. I received a $1,000 credit for 2 e-cars.

How's it feel to be a Socialist?

Fucking awesome.

TwoScoopsOfWompWomp says

CBS stock down sharply on news CEO Les Moonves will be named in sexual misconduct article.

#MeToo

Ah yes more dog-eat-dogism. Eeeeexcellent!

People using Facebook that post real information about themselves are fucking morons.

Facebook is now about $141 a share. Who is long on Facebook ? Anyone selling covered calls on Facebook?

This is such a mystery. Sandberg ordering a dossier on Soros, Zuckfck and Sandberg worried about Soros Shorting... gonna make a great non-fiction book when the dust settles.

Interesting that Vox is taking Soros' side, saying Sandberg has interest in asking if he's Shorting, but not in his "other activities"

I think it's pretty clear Soros' project is to sweep away the West and replace it with his Esperanto Neoliberal Bullshit, and profit greatly in the process.

He's 88 so hopefully he and his agenda have a short time to go.

On the other hand, I can totally imagine that he is living on transfusions of blood from young people, so maybe he'll last longer than he should.

And his son may carry on the legacy, but not like Soros. He's a tough old bastard.

Patrick says

He's 88 so hopefully he and his agenda have a short time to go.

On the other hand, I can totally imagine that he is living on transfusions of blood from young people, so maybe he'll last longer than he should.

If all goes well, he'll get AIDS.

TwoScoopsOfSpaceForce says

I think it's pretty clear Soros' project is to sweep away the West and replace it with his Esperanto Neoliberal Bullshit,

Das kool cuz I already be knowin esperanto and shit.