I dont see how they can run it up too much given them bumping the size and the price several times.

Yeah, I wasn't that excited about them making all the extra shares available.  But I guess that's how I was able to get 300 shares rather than the orginal 100 shares I was promised.  Sounds like I can get get out of my positioin at anytime today.  So depending on the run-up today, I might dump a piece of it.  What do you think would be a good exit point today?

Not a very inspiring open for FB.   

The underwriters for Facebook, namely Morgan Stanley, had to purchase many shares of FB near the open & close of the trading day.    It had  to do this to keep the stock from slipping below the $38 open...  Not a good sign. 

As OG Mike points out, they had to entice more buyers than they would have liked on a market debut.    The lack of a "pop" on its opening day worries some ..

Monday will be interesting...

it didnt help though that the market is quite bearish right now because of the greek situation, bad timing for any IPO 

Crashing hard...if you bought get out now

Really?  NOW you wanna get out?  Think it might even be a good buy if it falls much further.

we should all be caking right now 

haha noo way you mine as weell hold for long its a solid company with more in the works dont get out now hold for a long position

Would I be a complete fool to buy FB here around $29?

HAHAHAHHA THIS IS SO AWESOME!!!!!!!!!!!!!!!!!!!!!!!!!

Could be treacherous.  Fundamentals still say this is an expensive stock compared to the likes of Google or Apple. 


Remember, FB's  next quarterly earnings announcement is expected around July 25, so could continue to be rocky for quite some time.    Expect to get tossed around if you buy.  No one knows where to price this thing,  until they string together a few quarterly releases.

Its a POS, fair value is somewhere in the $10-$12 wait for it to come down. 

The PE is around 62 at the current price. AAPL and GOOG are around 16 PE

Facebook Inc. (FB)’s stock, which has already lost $25 billion in value since its public debut, would have to drop another 20 percent for its valuation to match other companies that do business over the Internet.

Facebook, with a market capitalization of $79.1 billion, is trading at 29.5 times the company’s projected 2014 profit of $2.69 billion, data compiled by Bloomberg show. The stock would have to dive to $23.07 to match the average price-to-earnings ratio for the Nasdaq Internet Index based on estimated earnings in the next 12 months, according to the data.

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Spot on, mate.  Facebook is a fucking hype.