Member of the Month

PartyBullshiit
March, 2024

Online

Welcome to the Newschoolers forums! You may read the forums as a guest, however you must be a registered member to post. Register to become a member today!

FB stock

profile picture
KravtZ
Posts: 6637 - Karma: 2,629
LOL at anyone who thought it would be succesful. Such an overhyped company. P/E was at 107 while apple was at 13. I think the shares will stop around $10 eventually. They don't actually sell a product, its slowing down there users, if not dying out. And if they charge money for it everyone will stop using it
May 21 2012 11:09AM
0 0
profile picture
BootySpunk.
Posts: 8148 - Karma: 84
Oh give them a break they are only down 12% so far today...
May 21 2012 11:38AM
0 0
profile picture
-Mugatu
Posts: 2579 - Karma: 84
I put everything I have in FB stocks. Sold my car to use that money aswell...
May 21 2012 11:42AM
0 0
profile picture
lands11
Posts: 1818 - Karma: 1,677
lololololololol
May 21 2012 11:42AM
0 0
profile picture
DubV134
Posts: 1541 - Karma: 690
wrongo, they sell advertising space.  FB is the the largest demographic database in the world - its gotta be worth something to marketers  but prolly not worth investing your money in
May 21 2012 11:50AM
0 0
profile picture
theabortionator
Posts: 51261 - Karma: 157,415
I traded my daughter for 2 shares.

Big money big money no whammies
May 21 2012 11:52AM
0 0
profile picture
DubV134
Posts: 1541 - Karma: 690
thought you prenatally murdered that hoe
May 21 2012 11:56AM
0 0
profile picture
theBearJew
Posts: 10951 - Karma: 15,633
General Motors recently canceled their advertising with Facebook. The best thing that they have to sell is demographic information.. They can sell information about what 21-29 year old females are looking at during the hours of 11-12. Or what 30-40 year old males find interesting... Kinda creepy
May 21 2012 11:56AM
0 0
profile picture
Alex_G
Posts: 11902 - Karma: 1,018
at least you invented the piano key necktie, jacobim.


May 21 2012 11:58AM
0 0
profile picture
Forcillo
Posts: 3801 - Karma: 3,580
Bought in at 38, sold it at 45. #smartinvesting
May 21 2012 1:55PM
0 0
profile picture
Peter.
Posts: 23796 - Karma: 13,012
what were your fees per trade though? 9 bucks? because i am almost positive you used scottrade or etrade
May 21 2012 2:00PM
0 0
profile picture
Jaggy_Snake
Posts: 2287 - Karma: 1,418
They are currently sitting at 34.69, I find it kind of odd that they are doing so badly already. I would've thought they would increase in value...
May 21 2012 2:02PM
0 0
profile picture
Peter.
Posts: 23796 - Karma: 13,012
they did at first, just like practically every IPO does
May 21 2012 2:05PM
0 0
profile picture
.RYAN66
Posts: 5381 - Karma: 235
The IPO was priced to high it would have tanked yesterday but Facebook had people buying to keep it up. I see it averaging about 15 per share when everything calms down. Like said early Facebook doesn't make new products, they don't create the hype that big name stocks have. ie: apple and google. Apple would tank also if they never come up with new products. Hell look at how low it is now and watch it. Jump when the next major product is announced.
May 21 2012 2:13PM
0 0
profile picture
volvotom
Posts: 2045 - Karma: 712
^ This. P/E WAAAAAYYYYY too high
May 21 2012 2:15PM
0 0
profile picture
deleted5
Posts: 14507 - Karma: 13,500
If everyone thinks there goo to get rich on a stick it never works out sept for google I made a killing in that
May 21 2012 2:38PM
0 0
profile picture
Forcillo
Posts: 3801 - Karma: 3,580
Yes I used ETrade. But I bought 10 shares and sold all of it at once so my fees were 2.37% on the buy and 2.25% on the sell. I had an 18.42% gain, and if you subtract the 4.62% on the transaction fees, I still had a 13.6% gain, which is about a $51 profit. Not bad for about a 2 hour investment.
May 21 2012 3:42PM
0 0
profile picture
theBearJew
Posts: 10951 - Karma: 15,633
too much thought for $51.
May 21 2012 3:44PM
0 0
profile picture
jorb.co
Posts: 2581 - Karma: 468
no
May 21 2012 3:49PM
0 0
profile picture
AT-AT
Posts: 3281 - Karma: 3,256
I contribute most of facebook's poor performance to the NASDAQ's glitch. When the market opened on friday the glitch caused so many firms and peoples orders to get fucked up. No one knew what they had, or at what price they bought or sold it at, so everyone kinda just sat back and waited.
May 21 2012 4:03PM
0 0
profile picture
Benji.
Posts: 1146 - Karma: 88
#notreally
May 21 2012 4:04PM
0 0
profile picture
canterbury
Posts: 2382 - Karma: 55
#ohreally?
May 21 2012 4:08PM
0 0
profile picture
DGski
Posts: 3491 - Karma: 2,328
how early on did you buy shares of google? how many did you buy and when did you sell them? didn't they start pretty cheap and are now like $600 something.. damn
May 21 2012 4:51PM
0 0
profile picture
BootySpunk.
Posts: 8148 - Karma: 84
They IPO'd at $85 and are hovering around $600 now.

I feel like Facebook is going to drop a bit more to around 20-25 and than announce some crazy shit and shoot up in a couple of months. /armchair investor...Wish I had some cash sitting around.
May 21 2012 5:24PM
0 0
profile picture
1337
Posts: 31038 - Karma: 29,003
Wish there was a way i could have short sold their stocks on the virtual stock game
May 21 2012 5:27PM
0 0
profile picture
GeneralT
Posts: 912 - Karma: 19
- P/E was way to high
-The Nasdaq glitched and delayed things
- The media hypes shit up to much.

wait until the media stops talking about it and then buy. you will make a killing. Facebook is a king pin company like Google or Apple. It will get up there, its just going to take time.
May 21 2012 6:53PM
0 0
profile picture
TallTeeNation
Posts: 903 - Karma: 340
myspace is the way to go!!!!!

7 years ago.....just imagine how pissed you would be if you bought stocks in its prime and sold now...
May 21 2012 6:59PM
0 0
All times are Eastern (-4)