anyone planning on getting in on the FB IPO >>>>

[conrail]

Originally Posted by witch watch

Agree! Trends come, trends go and none moreso than internet trends.

Trends certainly come and go, but tough to see something with 900 million users worldwide dying out anytime soon. Of course, tell that to the dinosaurs who probably thought they'd be around for forever.

[Adam.]

$41.47 as of 1:39pm.

I expected the price to be higher.

[Sixshooter]

Originally Posted by conrail

Trends certainly come and go, but tough to see something with 900 million users worldwide dying out anytime soon. Of course, tell that to the dinosaurs who probably thought they'd be around for forever.

Good Point

[t e x]

about 20 mil of the float left..... and i still don't know if i own shares.

[jamesbondOO7]

Originally Posted by floater156

I do not plan to get in the the FB IPO; in fact, I plan to delete my FB account.

That is the way I feel too.

[Adam.]

Originally Posted by Adam.

$41.47 as of 1:39pm.

I expected the price to be higher.

$38.29 as of 3:19pm.

[rr-nyc]

$38.00 with less than 10 min to go. If it closes unchanged, this could be a record lackluster opening day

[t e x]

Originally Posted by rr-nyc

$38.00 with less than 10 min to go. If it closes unchanged, this could be a record lackluster opening day

no doubt... very lackluster. incredible volume though.

...and i'm happy to report that i did not get filled and i am perfectly happy with that

[Adam.]

After hours trading went from 38.12 to 41.10 to 38.10 in 3 minutes?

[GothamG8or]

At one point the syndicate put up a bid for $1 billion @ 38 to support the deal. Huge volume.. and that bid got hit. A lot. Very fun/interesting to watch an IPO of this size & these market conditions not go quite as traditionally well as others. The managers will contend this just goes to show how well priced the transaction was in that no $ was left on the table for the company. However, it's obvious there is still a lot of selling pressure out there nearby... I doubt the syndicate & Morgan Stanley (the lead) will let this thing go below 38 anytime soon... but they are going to work to clean up as much of the loose inventory as they can.. will be interesting to see if they have the horsepower and/or will to do it..

I'm guessing several gallons of pepto have been consumed on that desk today...

[t e x]

Originally Posted by GothamG8or

At one point the syndicate put up a bid for $1 billion @ 38 to support the deal. Huge volume.. and that bid got hit. A lot. Very fun/interesting to watch an IPO of this size & these market conditions not go quite as traditionally well as others. The managers will contend this just goes to show how well priced the transaction was in that no $ was left on the table for the company. However, it's obvious there is still a lot of selling pressure out there nearby... I doubt the syndicate & Morgan Stanley (the lead) will let this thing go below 38 anytime soon... but they are going to work to clean up as much of the loose inventory as they can.. will be interesting to see if they have the horsepower and/or will to do it..

I'm guessing several gallons of pepto have been consumed on that desk today...

boy, don't you know it. it was like resistance/support was 38 the last 30 minutes or so... dang mm's lol.

[fusionstorm]

I'm still befuddled how people expected this to shoot up dramatically. FB has done a remarkable job of maximizing their share value at every stage of funding, and this is just the culmination of that. Predictions that the stock would double could've put FB amongst the Top 10 most valuable companies in the world, and the revenues/earnings of companies in that realm are just night & day compared to FB's annual revenues.

FB will need to start crushing analysts' expectations for the stock to rise noticeably.

[t e x]

Awaiting SEC Investigation of Facebook Trading: http://www.cnbc.com/id/47481063?__so...t%7C&par=yahoo

i like to know what was up.... i was in limbo not knowing if i owned shares or not.

[Sarajevo]

I still don't know anyone who has spent much money while using FB.

[HL65]

Too bad one can't sell FB short as it is a new issue and there is no stock to borrow and naked short sale of new offering restricted.

Ps--It isn't marginable yet.

[mtrunner]

Sounds like there were some serious SEC violations related to the FB IPO. Reuters' Alistair Barr is reporting that Facebook's lead underwriters, Morgan Stanley (MS), JP Morgan (JPM), and Goldman Sachs (GS) all cut their earnings forecasts for the company in the middle of the IPO roadshow.

This by itself is highly unusual (I've never seen it during 20 years in and around the tech IPO business). But, just as important, news of the estimate cut was passed on only to a handful of big investor clients, not everyone else who was considering an investment in Facebook.

http://finance.yahoo.com/blogs/daily...y-cut-facebook revenue-estimates-middle-133648905.html

[ducatidoc]

Anybody else think FB may be on a serious decline on the cultural horizon, notwithstanding the market value ?

[Cru Jones]

Originally Posted by mtrunner

Sounds like there were some serious SEC violations related to the FB IPO. Reuters' Alistair Barr is reporting that Facebook's lead underwriters, Morgan Stanley (MS), JP Morgan (JPM), and Goldman Sachs (GS) all cut their earnings forecasts for the company in the middle of the IPO roadshow.

This by itself is highly unusual (I've never seen it during 20 years in and around the tech IPO business). But, just as important, news of the estimate cut was passed on only to a handful of big investor clients, not everyone else who was considering an investment in Facebook.

http://finance.yahoo.com/blogs/daily...y-cut-facebook revenue-estimates-middle-133648905.html

if true, this is crazy.

i just can't imagine it IS true, though....i mean, surely FB had the best advisors in the business working for them, and no way MS, JPM and GS would do this, right?

[HL65]

Here is story on Reuters:

http://uk.reuters.com/article/2012/0...84L06720120522

[Bebot]

My 18 year old son told me not to buy because he thinks it's a joke.
So, I did not.

[azguy]

Originally Posted by Cru Jones

if true, this is crazy.

i just can't imagine it IS true, though....i mean, surely FB had the best advisors in the business working for them, and no way MS, JPM and GS would do this, right?

Of course they would, I've spent 24 years working with these firms, it's money 1st and the rest of the world 2nd. Greed is bad, very bad for the average joe...

They are reporting now that analysts at the three underwriters were cutting EPS estimates while the firms on were out on the roadshow and not one presentation mentioned that. Big lawsuits coming.....

[MoBe]

Originally Posted by Bebot

My 18 year old son told me not to buy because he thinks it's a joke.
So, I did not.

I`m going to go out on a limb and say,YOUR SON IS RIGHT,,Facebook is a joke,a bad one.

[snowbird]

Originally Posted by MoBe

I`m going to go out on a limb and say,YOUR SON IS RIGHT,,Facebook is a joke,a bad one.

How can a firm with a 2011 reported revenue of $3,7 million have a market capitalization of $100 billion,are you kidding me?

I agree the market cap is sky high, but that's 3.7 billion in 2011 revenues.

[MoBe]

Originally Posted by snowbird

I agree the market cap is sky high, but that's 3.7 billion in 2011 revenues.

I made a mistake in the revenue number but now it appears that even 3.7 billion may have been an imaginary number from FB,there`s all kinds of conflicting information flying around at the moment.

[Cru Jones]

Originally Posted by azguy

Big lawsuits coming.....

Exactly my point....this could get ugly.

[snowbird]

Originally Posted by MoBe

I made a mistake in the revenue number but now it appears that even 3.7 billion may have been an imaginary number from FB,there`s all kinds of conflicting information flying around at the moment.

Yes some interesting developments on this in the news for sure . . .

[fusionstorm]

Originally Posted by MoBe

I made a mistake in the revenue number but now it appears that even 3.7 billion may have been an imaginary number from FB,there`s all kinds of conflicting information flying around at the moment.

That's a serious allegation. The US government does not look kindly upon "imaginary" revenue numbers. Links to this, please?

[fusionstorm]

And for more info on where the underwriters appear to have gotten their insider information:

http://www.businessinsider.com/exclu...ook-ipo-2012-5

[GMTGuy1675]

Originally Posted by ducatidoc

Anybody else think FB may be on a serious decline on the cultural horizon, notwithstanding the market value ?

Completely. I definitely think that it's peaked.

Shady company that is simply a fad, Mark Zuckerberg is shady, this whole IPO thing is shady.

[HenryCA]

One also must not forget that Zuckerberg was a hacker.

He may lack business sense but somebody was whispering sweet nothings in his ear.

Everyone wants some of that FB money. Heck, I want it too.

To make it all up to us, the shares of the company should have been shared amongst FB members.