WOW, 19.00 a share for Facebook shares

[samintx]

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.

[GGD]

The P/E is still close to 70, still lots more room for it it fall. Reminds me of 1999 all over again.

[sekker]

Needs to get closer to 13 before it'll recover.

[hal]

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...

[GGD]

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.

[hal]

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? :-)

[Filliam H. Muffman]

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.

[Speedy]

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.

[Aardvark]

For a stock without Merit, $19 seems like a Glorius Price.

[macphanatic]

sekker wrote:
Needs to get closer to 13 before it'll recover.

My guess is that it will hit 5.