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Would you buy shares in Facebook?

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Would you invest in Facebook?

 
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Re: Would you buy shares in Facebook?

Postby natty dread on Sun May 20, 2012 3:41 am

BigBallinStalin wrote:
Army of GOD wrote:
nietzsche wrote:shut up aog, you share everything in fb


And that's why saxi raped me


seems like win-win to me.


rape jokes are not funny.

I'm appalled, you guys

APPALLED

Army of GOD wrote:no, but those people are idiots and (1) deserve the shit they get for being stupid and (2) must learn from their mistakes.


So by your logic, it's perfectly fine to sell canned beans that contain toxins that instantly give you cancer, as long as there's a warning in small print at the bottom of the can. If you go and eat them you're an idiot and deserve to get cancer and die, because you were an idiot to trust that the food you buy from your local grocery store isn't poisoned. Maybe you'll learn from your mistakes when you're lying on your death bed in horrible pain.

inb4 "it's not the same".

It's totally the same!

Ok, another analogy: by your logic, email scammers are perfectly justified in scamming the money from old people and whoever else falls for their scams, because their victims "deserve the shit they get for being stupid and must learn from their mistakes".
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Re: Would you buy shares in Facebook?

Postby Phatscotty on Sun May 20, 2012 3:43 am

BigBallinStalin wrote:I don't get it. Who exactly buys at $38 every time?


It's just a support level. 38 held, nicely...
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Re: Would you buy shares in Facebook?

Postby BigBallinStalin on Sun May 20, 2012 4:19 am

Phatscotty wrote:
BigBallinStalin wrote:I don't get it. Who exactly buys at $38 every time?


It's just a support level. 38 held, nicely...


"A support level"?

Okay, and who's doing the purchasing?
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Re: Would you buy shares in Facebook?

Postby nietzsche on Sun May 20, 2012 5:07 am

BigBallinStalin wrote:
Phatscotty wrote:
BigBallinStalin wrote:I don't get it. Who exactly buys at $38 every time?


It's just a support level. 38 held, nicely...


"A support level"?

Okay, and who's doing the purchasing?


You are kidding right??
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Re: Would you buy shares in Facebook?

Postby Phatscotty on Sun May 20, 2012 5:41 am

Army of GOD wrote:
nietzsche wrote:shut up aog, you share everything in fb


And that's why saxi raped me


I had to deny the AOG. I thought he was going to rape me
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Re: Would you buy shares in Facebook?

Postby Phatscotty on Sun May 20, 2012 5:46 am

BigBallinStalin wrote:
Phatscotty wrote:
BigBallinStalin wrote:I don't get it. Who exactly buys at $38 every time?


It's just a support level. 38 held, nicely...


"A support level"?

Okay, and who's doing the purchasing?


Hedge Funds, portfolio managers, investment groups. Keep in mind, these are not just your average Joes, they are the "1%" of their trade, the kind who have access to IPO's in pre-market hours, etc. You notice the open price was listed at 38, but the real open price was 40+? That's when the rape happened. They made money in the pre-market taking it up, then shorted it after the open. the 38 support level was virtually universally known, and the traders know that's the time to bring it back up. Wash, rinse, repeat.

Close at 38 ;)

When a support level is broken, people start selling. If the fundamentals are in place, amongst other things, the price should bounce back up. If the price sinks 3% below a support level, the downside move is considered confirmed. Same on the upside, expect a breakout. Usually another 5-8%
Last edited by Phatscotty on Sun May 20, 2012 5:53 am, edited 1 time in total.
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Re: Would you buy shares in Facebook?

Postby Phatscotty on Sun May 20, 2012 5:49 am

nietzsche wrote:
BigBallinStalin wrote:
Phatscotty wrote:
BigBallinStalin wrote:I don't get it. Who exactly buys at $38 every time?


It's just a support level. 38 held, nicely...


"A support level"?

Okay, and who's doing the purchasing?


You are kidding right??


yeah Beiber, wtf. You been bein a stick lately so I didn't want to help you, but I couldn't pass the chance up to show off my skills. Rarely do we get to talk about this stuff in here. Or is it that you got in on the IPO and my comments gave you some doubt? :lol:
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Re: Would you buy shares in Facebook?

Postby BigBallinStalin on Sun May 20, 2012 6:51 am

Wait, these guys can buy before everyone else can?
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Re: Would you buy shares in Facebook?

Postby BigBallinStalin on Sun May 20, 2012 6:52 am

Phatscotty wrote:
nietzsche wrote:
BigBallinStalin wrote:
Phatscotty wrote:
BigBallinStalin wrote:I don't get it. Who exactly buys at $38 every time?


It's just a support level. 38 held, nicely...


"A support level"?

Okay, and who's doing the purchasing?


You are kidding right??


yeah Beiber, wtf. You been bein a stick lately so I didn't want to help you, but I couldn't pass the chance up to show off my skills. Rarely do we get to talk about this stuff in here. Or is it that you got in on the IPO and my comments gave you some doubt? :lol:


No worries. I've just never seen it before, so here I am asking questions.
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Re: Would you buy shares in Facebook?

Postby Timminz on Sun May 20, 2012 9:19 am

BigBallinStalin wrote:Wait, these guys can buy before everyone else can?


Yes.
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Re: Would you buy shares in Facebook?

Postby Army of GOD on Sun May 20, 2012 1:02 pm

natty dread wrote:
BigBallinStalin wrote:
Army of GOD wrote:
nietzsche wrote:shut up aog, you share everything in fb


And that's why saxi raped me


seems like win-win to me.


rape jokes are not funny.

I'm appalled, you guys

APPALLED

Army of GOD wrote:no, but those people are idiots and (1) deserve the shit they get for being stupid and (2) must learn from their mistakes.


So by your logic, it's perfectly fine to sell canned beans that contain toxins that instantly give you cancer, as long as there's a warning in small print at the bottom of the can. If you go and eat them you're an idiot and deserve to get cancer and die, because you were an idiot to trust that the food you buy from your local grocery store isn't poisoned. Maybe you'll learn from your mistakes when you're lying on your death bed in horrible pain.

inb4 "it's not the same".

It's totally the same!

Ok, another analogy: by your logic, email scammers are perfectly justified in scamming the money from old people and whoever else falls for their scams, because their victims "deserve the shit they get for being stupid and must learn from their mistakes".


I agree with both of these.
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Re: Would you buy shares in Facebook?

Postby Army of GOD on Sun May 20, 2012 4:41 pm

Oh, and by your logic: someone goes out and buys Campbell soup in a can. That person then goes and brutally murders 15 kittens. Therefore, you don't buy stock in Campbell's soup because it's used to kill kittens.
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Re: Would you buy shares in Facebook?

Postby natty dread on Sun May 20, 2012 7:43 pm

Army of GOD wrote:Oh, and by your logic: someone goes out and buys Campbell soup in a can. That person then goes and brutally murders 15 kittens. Therefore, you don't buy stock in Campbell's soup because it's used to kill kittens.


Your analogy is flawed. Campbell wouldn't be responsible for everything their customers do, unless there's a proven causation between their soup and their customers' actions. Whereas, if a company willingly poisons their customers, they are directly responsible for it.

Furthermore, let's get back to this comment for a bit:

Army of GOD wrote:I love how natty's beef with Facetbook is that they don't respect people's privacy. You know, the people are 100% willing when they sign up for the site


See, that's one thing you don't get: Facebook et al. don't only track people who sign up for their site. Ever visit a site that has one of the ubiquitous "Like" buttons or whatever else social network plugins? That's enough. Facebook gets their tracking cookies on your computer. Any website with an ad - tracking cookie. And sure, if you never create a facebook account, it's harder for them to get your real-life information, but they still have your IP - all it takes is for you to foolishly give out your information somewhere that Facebook has access to - bam, your name, etc. is now associated with your IP, and all the information of your browsing history etc. they've gathered and associated with your IP is now associated with your real life name.

inb4 "just stay away from all sites that have things that can track you, it's your own fault for using them!"

But see, when you browse other sites, nowhere did you give permission to these corporations to track your every move. Nowhere did you give permission for them to gather information about you which they can then sell to whoever wants it - insurance companies, employers trying to decide whether to hire you, banks trying to decide whether to give you a loan - those can all be sold the information that social networks collect about you. You may laugh about it now, but are you still laughing when you get denied a loan because of your online shopping habits, or not hired to a job because you watch dwarf porn?

Besides, that would require you to stay away from the majority of sites on the internet, pretty much.

inb4 "it's their own fault for using the internet at all!"

Duh, that's so stupid, why would you even... uh... possibly were going to say that - internet has become so essential to our lives and communication... besides, we should have a right to use the internet without having our movements tracked by corportions without our permission.

inb4 "but you can stop them from tracking you if you know how! all you have to do is install some browser plugins!"

True, but how many people know about this? How many people are technically savvy enough to do it, when most people still use IE and manage to periodically f*ck up their computer with malware because a blinking pop-up window told them they won a car or some shit?

And you're again... uh... hypothetically missing the point, because people are not being told up front that they are being tracked - they are not even given the option to opt out from tracking by the sites that do it... sure, most browsers now have the "do not track" checkbox but it's basically a formality, the tracking cookies just go right ahead and circumvent it.
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Re: Would you buy shares in Facebook?

Postby AndyDufresne on Mon May 21, 2012 9:51 am

natty dread wrote:[
And you're again... uh... hypothetically missing the point, because people are not being told up front that they are being tracked - they are not even given the option to opt out from tracking by the sites that do it... sure, most browsers now have the "do not track" checkbox but it's basically a formality, the tracking cookies just go right ahead and circumvent it.

The world Shadow Government is tracking us, and they don't ever tell us, so why should anyone else? :(


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Re: Would you buy shares in Facebook?

Postby bedub1 on Mon May 21, 2012 2:44 pm

Nice to see their shares are falling. When they get down to about $4 per share, I recommend you buy. I figure the company is worth about 10billion, not 100billion.
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Re: Would you buy shares in Facebook?

Postby saxitoxin on Mon May 21, 2012 3:07 pm

bedub1 wrote:Nice to see their shares are falling. When they get down to about $4 per share, I recommend you buy. I figure the company is worth about 10billion, not 100billion.


Thanks, B - just phoned my broker to put this order in.

    Brokerage: Engel & Völkers, how may I direct your call?
    Ol' Saxi: Dieter Dengler, please.
    Brokerage: Who may I ask is calling?
    Ol' Saxi: It's Bernie - put my through quick, I only have one call this month.
    Brokerage: hold, please
    ...
    Brokerage: Dieter Dengler, may I help you?
    Ol' Saxi: SAX ATTAK!!!! Rolling on the floor laughing, Dieter, did you think this was Madoff?
    Brokerage: Hello Saxi, what can I do for you?
    Ol' Saxi: Listen, I'm only gonna say this once. I need a conditional buy on Facebook. Hit it when it's at four. I got a hot tip from bedub1 at The Club.
    Brokerage: How would you like to fund this trade, Saxi?
    Ol' Saxi: Listen, go to the departures lounge at Berlin-Schönefeld. At the left luggage stand near the vending machines ask for item 438-B. This will be a burgundy attache case. In it you'll find Fr500,000 in Credit Suisse bearer's bonds. Use that.
    Brokerage: As I've mentioned before, Saxi, this isn't a service we provide. I can recommend a local courier to pick-up your luggage, however, to fund this transaction I'll need a bank routing number.
    Ol' Saxi: Listen, I have a $100 Kohl's giftcard.
    Brokerage: To fund this transaction I'll need a bank routing number.
    Ol' Saxi: DO IT.

There's a gratuity for you if this pans out, B. This'll go nicely toward HansJoachim's university fund.
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Re: Would you buy shares in Facebook?

Postby bedub1 on Mon May 21, 2012 3:14 pm

saxitoxin wrote:
bedub1 wrote:Nice to see their shares are falling. When they get down to about $4 per share, I recommend you buy. I figure the company is worth about 10billion, not 100billion.


Thanks, B - just phoned my broker to put this order in.

    Brokerage: Engel & Völkers, how may I direct your call?
    Ol' Saxi: Dieter Dengler, please.
    Brokerage: Who may I ask is calling?
    Ol' Saxi: It's Bernie - put my through quick, I only have one call this month.
    Brokerage: hold, please
    ...
    Brokerage: Dieter Dengler, may I help you?
    Ol' Saxi: SAX ATTAK!!!! Rolling on the floor laughing, Dieter, did you think this was Madoff?
    Brokerage: Hello Saxi, what can I do for you?
    Ol' Saxi: Listen, I'm only gonna say this once. I need a conditional buy on Facebook. Hit it when it's at four. I got a hot tip from bedub1 at The Club.
    Brokerage: How would you like to fund this trade, Saxi?
    Ol' Saxi: Listen, go to the departures lounge at Berlin-Schönefeld. At the left luggage stand near the vending machines ask for item 438-B. This will be a burgundy attache case. In it you'll find Fr500,000 in Credit Suisse bearer's bonds. Use that.
    Brokerage: As I've mentioned before, Saxi, this isn't a service we provide. I can recommend a local courier to pick-up your luggage, however, to fund this transaction I'll need a bank routing number.
    Ol' Saxi: Listen, I have a $100 Kohl's giftcard.
    Brokerage: To fund this transaction I'll need a bank routing number.
    Ol' Saxi: DO IT.

There's a gratuity for you if this pans out, B. This'll go nicely toward HansJoachim's university fund.

I'm going to need the key for the attache case.
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Re: Would you buy shares in Facebook?

Postby Phatscotty on Mon May 21, 2012 6:04 pm

FaceBook - $33
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Re: Would you buy shares in Facebook?

Postby Chariot of Fire on Tue May 22, 2012 5:55 am

Phatscotty wrote:FaceBook - $33


It's now being referred to as Faceplant
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Re: Would you buy shares in Facebook?

Postby bedub1 on Tue May 22, 2012 11:16 am

In April, 2010, Elevation Partners, a venture-capital firm in which Bono is a partner, paid ninety million dollars for one per cent of Facebook.

So if 1%=90million
then 10% = 900 million
then 100% = 9 billion.

This is what I said. the company is worth about 10 billion. Wait until the stock hits about $4 a share and then it's time to buy.
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Re: Would you buy shares in Facebook?

Postby Phatscotty on Tue May 22, 2012 5:46 pm

bedub1 wrote:
In April, 2010, Elevation Partners, a venture-capital firm in which Bono is a partner, paid ninety million dollars for one per cent of Facebook.

So if 1%=90million
then 10% = 900 million
then 100% = 9 billion.

This is what I said. the company is worth about 10 billion. Wait until the stock hits about $4 a share and then it's time to buy.


if their anticipated revenue streams begin to hit....
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Re: Would you buy shares in Facebook?

Postby bedub1 on Tue May 22, 2012 6:48 pm

Phatscotty wrote:
bedub1 wrote:
In April, 2010, Elevation Partners, a venture-capital firm in which Bono is a partner, paid ninety million dollars for one per cent of Facebook.

So if 1%=90million
then 10% = 900 million
then 100% = 9 billion.

This is what I said. the company is worth about 10 billion. Wait until the stock hits about $4 a share and then it's time to buy.


if their anticipated revenue streams begin to hit....

No this is based upon current revenue streams.

2010 revenue 1.97 billion
2011 revenue 3.71 billion

2010 net income 606 million
2011 net income 1 billion

So if last year they had 1 billion in net income, I think a 10billion valuation of the company is probably pretty close to accurate. Does anybody know the industry standard for measuring the value of a company? Isn't it like current assets + 4 years average net income?
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Re: Would you buy shares in Facebook?

Postby AndyDufresne on Wed May 23, 2012 10:50 am

MySpace is going to relaunch in the end of 2012 as more entertainment oriented. Just wait, in the future you'll be able to buy stock in Facebook and Myspace, and every other website you could imagine (aka, pornography).


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Re: Would you buy shares in Facebook?

Postby whitestazn88 on Wed May 23, 2012 12:53 pm

I'll have to start investing heavily in silicon and lube companies if what andy says is true.
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Re: Would you buy shares in Facebook?

Postby Gillipig on Wed May 23, 2012 12:56 pm

It's a very unstable company. I'd never invest in it!
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