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supersunken says
Would you buy FB if it was at $10?
No, not at any price. I just think that their business model is too volatile.
Yes, if stock price = cash in bank per share...
leo707
@
2012 May 21, 10:24am
Yes, if stock price = cash in bank per share...
Only if stock price > cash in bank per share, and they are planning on paying out all cash to stock holders and turning off the lights.
What an insult to real companies that produce actual things of use and value...
Try telling that to the news media... to them its all about these web companies run by some 20 year olds.. forget about other industries.
Vicente
@
2012 May 22, 4:15am
This week I am using it to preach to n00bs about
PUMP & DUMP
And why retail investors are viewed as cannon fodder & sheep to be shorn.
Would you buy FB if it was at $10?
At $10? No.
The only situation I would buy it would be smelling upcomming mass psycosis and would like to do a quick speculation. That may happen but at much lower price. I would never INVEST in such a company.
FB was definitely over valued at the IPO price but you can't discount they have the platform to build on. They can do anything Google (minus search), Yelp, Groupon, LinkedIn, Zynga can and even replace the last 4 companies in the long term. They have micro payments in place, which even Google does not have yet. This is not a short term stock for the weak of heart. If you believe in their platform there is long term potential if you get in at a low enough price.
There are huge differences between Google and Facebook.
1. Google initially had valuable IP -- a search engine.
2. Google had a revolutionary user interface. In the Era of total mess in web design (piles of colors, nasty banners, "use 140% of the screen space or else you've failed") Google came up with a clear screen with a single text box. That's how they got their market share.
3. Google kept buying IP everywhere applying the same great business model.
4. The most important: Google had a business model, which was "my job is not satisfying demand, my job is creating demand. Let's those who will profit from that new demand pay for it". It worked.
Facebook has nothing of these. Its user interface sucks like none other. Facebook is nothing more than virtual walls in public toilets. Is writing on them worth $50 billions? (About $20k per one)
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open at 38. close at 38.25 !
after all the the hype and hysteria... their underwriters had to keep buying back stock to keep it above 38 (kinda like your mom buying up tickets for your sucky garage band opening night!)
now I like to see what the smug real estate agents and Palo Alto home owners who were 'waiting to list after facebook IPO' have to say :-)
To channel Nelson from Simpsons:
HAAAA HAAAA !
#housing