+- MacResource (https://forums.macresource.com)
+-- Forum: My Category (https://forums.macresource.com/forumdisplay.php?fid=1)
+--- Forum: Tips and Deals (https://forums.macresource.com/forumdisplay.php?fid=3)
+--- Thread: WOW, 19.00 a share for Facebook shares (/showthread.php?tid=140285)
Pages:
1
2
WOW, 19.00 a share for Facebook shares - samintx - 08-16-2012
Lockup over....and the stock goes down even further. I bet people were sweating blood to get that IPO when it was announced. A real money loser so far.
Re: WOW, 19.00 a share for Facebook shares - GGD - 08-16-2012
The P/E is still close to 70, still lots more room for it it fall. Reminds me of 1999 all over again.
Re: WOW, 19.00 a share for Facebook shares - sekker - 08-16-2012
Needs to get closer to 13 before it'll recover.
Re: WOW, 19.00 a share for Facebook shares - hal - 08-16-2012
GGD wrote:
The P/E is still close to 70, still lots more room for it it fall. Reminds me of 1999 all over again.
PE of 70 for a GIANT, profitable web company was dirt cheap in 1999. Small, unprofitable ones with 1/100th the revenue carried 200 easy...
Re: WOW, 19.00 a share for Facebook shares - GGD - 08-16-2012
hal wrote:
[quote=GGD]
The P/E is still close to 70, still lots more room for it it fall. Reminds me of 1999 all over again.
PE of 70 for a GIANT, profitable web company was dirt cheap in 1999. Small, unprofitable ones with 1/100th the revenue carried 200 easy...
You're probably referring to the ride up while the balloon was inflating (and all one needed was a domain name ending in .com), I was thinking more of the ride down, like FB is currently experiencing.
I do miss all of that free overnight FedEx from those days.
Re: WOW, 19.00 a share for Facebook shares - hal - 08-16-2012
yeah, those were good days for freebies...
I'm just now finishing off all of the shipping supplies that Airborne express gave me circa 1999... gee, whatever happened to them? :-)
Re: WOW, 19.00 a share for Facebook shares - Filliam H. Muffman - 08-16-2012
I get really sad every time I see Facebook stock price because I didn't buy a massive Put/Short option when I knew the price was going to tank.
Re: WOW, 19.00 a share for Facebook shares - Speedy - 08-16-2012
Filliam H. Muffman wrote:
I get really sad every time I see Facebook stock price because I didn't buy a massive Put/Short option when I knew the price was going to tank.
If you had, you would have done what the majority on Wall Street did.
Re: WOW, 19.00 a share for Facebook shares - Aardvark - 08-17-2012
For a stock without Merit, $19 seems like a Glorius Price.
Re: WOW, 19.00 a share for Facebook shares - macphanatic - 08-17-2012
sekker wrote:
Needs to get closer to 13 before it'll recover.
My guess is that it will hit 5.