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Author: [Investments] Topic: I hate to say I told you so...
pulledclear send a private message View Space | Friends | Playbook |
pulledclear
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#1
Posted: 8/18/2012 11:33:31 PM
But I told you so!

NEW YORK (AP) -- Facebook's stock fell to $19 for the first time on Friday, meaning it has lost half its market value since the company's initial public offering in May.

It hit that milestone on Friday, a day after the expiration of a lock-up period. The lock-up's end has provided some early investors and insiders with an opportunity to sell shares.

Investors have been concerned about Facebook's ability to increase revenue and make money from its growing mobile audience. Many analysts, however, hold positive opinions of the company's long-term prospects.

The stock closed on its first day barely above its initial public offering price of $38. It has been below that level since.

On Friday, the stock fell 87 cents, or 4 percent, to $19 in afternoon trading.
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Rush51 send a private message View Space | Friends | Playbook |
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#2
Posted: 8/19/2012 12:54:55 PM
Faceplant is having a 50% off Sale !!! 

The lock-up that just occurred was for early investors as you pointed out.  There are millions more shares yet to hit the market later this year, once employees have an opportunity to sell theirs.


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bigvern1013 send a private message View Space | Blog | Friends | Playbook | My Sportsbook: Orleans Hotel and Casino |
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#3
Posted: 8/19/2012 7:38:26 PM
1.91 Billion more shares could hit the market.  If I was an employee that got the stock as compensation for something, I would consider taking the money and running asap.

One has to think that we are looking at the 12-15$ range by christmas.......with the rumors of integrating internet gambling into FB in europe and abroad, it will be worth buying at some point, but my guess is after thanksgiving at the earliest.
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bigvern1013 send a private message View Space | Blog | Friends | Playbook | My Sportsbook: Orleans Hotel and Casino |
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#4
Posted: 8/19/2012 7:40:18 PM
javascript:%20var%20newWin%20=%20window.open('http://money.msn.com/business-news/article.aspx?feed=AP&date=20120816&id=15459113')

This is an interesting article that talks about the potential float later on this year.
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bigvern1013 send a private message View Space | Blog | Friends | Playbook | My Sportsbook: Orleans Hotel and Casino |
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#5
Posted: 8/19/2012 7:43:21 PM
That link doesn't work...try this one:

http://money.msn.com/business-news/article.aspx?feed=AP&date=20120816&id=15459113



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bigvern1013 send a private message View Space | Blog | Friends | Playbook | My Sportsbook: Orleans Hotel and Casino |
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#6
Posted: 8/20/2012 6:08:44 PM
More garbage press for facebook..... the vampires are on Zuckerberg's behind, the blood is in the water.

http://marketday.nbcnews.com/_news/2012/08/20/13379343-facebooks-stock-slides-zuckerbergs-leadership-questioned?lite
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Rush51 send a private message View Space | Friends | Playbook |
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#7
Posted: 8/20/2012 10:46:40 PM
Yeah, I'm hearing pressure might be on Zuckerberg to step aside as CEO..    He is still very "green"  and young  to be spokesman for the company... even though he created it...

However, the company's problems go deeper than that.    Where does he want to take the company.    That is a fundamental question left unanswered.

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sjewell29 send a private message View Space | Blog | Friends | Playbook |
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#8
Posted: 8/20/2012 11:10:36 PM
I'm new at this, but is there a way you could have "shorted" this stock, when it first went public?
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bigvern1013 send a private message View Space | Blog | Friends | Playbook | My Sportsbook: Orleans Hotel and Casino |
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#9
Posted: 8/22/2012 12:20:34 AM

Good question...I am not sure if you can short stocks like that...I think that is "naked shorting" and frowned upon from public investors. 

I guess you could have looked at the options chain, but I am not sure if those are available on brand new stocks in the IPO stage.

Any help on this one WallStreet?

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#10
Posted: 8/22/2012 12:31:39 AM
Newly minted IPOs typically have a lock-up period where you can't short them.. Not sure for how long, but I believe FB is still protected from short selling for a bit more.. 


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bigvern1013 send a private message View Space | Blog | Friends | Playbook | My Sportsbook: Orleans Hotel and Casino |
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#11
Posted: 8/22/2012 12:41:23 AM
thanks Rush.
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wallstreetcappers send a private message View Space | Friends | Playbook |
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#12
Posted: 8/22/2012 12:45:16 AM
QUOTE Originally Posted by bigvern1013:

Good question...I am not sure if you can short stocks like that...I think that is "naked shorting" and frowned upon from public investors. 

I guess you could have looked at the options chain, but I am not sure if those are available on brand new stocks in the IPO stage.

Any help on this one WallStreet?


Depends on how much money you have seriously.

Retail fish have little shot at shorting a new IPO, but a big hitter who has a good broker probably could..an offshore cheat definitely could.
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