Facebook IPO

[MattB]

Steve,

Stick to shit you know about, like other people's cars, and let the big boys talk about the market. And Jesus fucking christ if you watch Fox News for stock market info!

[talisman]

lmao!

[Steve]

Steve,

Stick to shit you know about, like other people's cars, and let the big boys talk about the market. And Jesus fucking christ if you watch Fox News for stock market info!

Go fist fuck yourself you drunken cockjockey. The TV was just playing where I was at the time and that was the segment they were playing at the time.

[MattB]

Go fist fuck yourself you drunken cockjockey. The TV was just playing where I was at the time and that was the segment they were playing at the time.

You keep spouting this "dunken cockjockey", yet you must be confused that I am not my brother, and you've never met me. But I can see how you watched something on tv, thought you might sound smart by typing it on the internet, then failing miserably.

[bcoop]

[Steve]

You keep spouting this "dunken cockjockey", yet you must be confused that I am not my brother, and you've never met me. But I can see how you watched something on tv, thought you might sound smart by typing it on the internet, then failing miserably.

I was asking questions, douchebag.

[MattB]

I was asking questions, douchebag.

Okay, drunken cockjockey!

[Nash B.]

$38 to $4 bucks. That can't be good. lol

I realize I'm a few weeks behind in remedial English, but where's the question?

[Sean88gt]

You keep spouting this "dunken cockjockey", yet you must be confused that I am not my brother, and you've never met me. But I can see how you watched something on tv, thought you might sound smart by typing it on the internet, then failing miserably.

He saw a story about a Blansett on Fox news, I'm sure you can forgive the confusion.

[Doug Hatton]

Lol at MattB disputing the drunken part but not the cockjockey! Ha!

[slow99]

So they chose to Stride Rite on out of there...

More like they priced it too high and had to blow their whole wad on day 1 providing support.

[slow99]

Just out of curiosity, do you have an opinion on the bottom? This has been interesting to watch for me, for some reason, and I think I'm going to start learning more about the market.

Not really, I work too much as it is covering my own group and a little side thing I'm working on. I will say it's too rich for me at current valuations.
This IPO had a lot more owners who were intending to liquidate than other prominent IPOs. Of course, there are a slew of reasons to go public. One of the many reason is the desire for liquidity - the liquidity intentions were high for this deal.

I don't know who threw out the mid-teens number, but funny enough that doesn't seem too far off for me. I know we have a $0.60 number for 2013 earnings, so 30 F P/E means an $18 price. I cover some high flying tech names and they trade at 20-ish multiples , 30-ish would mean a really high grower. This plus 60s shit is just crazy in my mind, but I will admit that I tend to be more of a value guy than growth.
Even at 30, I can think of tons of other places I'd rather put my $.

[Captain Crawfish]

Haha y'all got fucked!!!!!! Buy oil or oil stocks now!!!!fuck facebook

[quikag]

Only thing I have to say is Zuckerberg had better get busy growing the crap of his company and really start cranking out some profit. My two bosses are down $70k now on their FB IPO shares. They're going to hold for the long haul at this point.

[Broncojohnny]

Only thing I have to say is Zuckerberg had better get busy growing the crap of his company and really start cranking out some profit. My two bosses are down $70k now on their FB IPO shares. They're going to hold for the long haul at this point.

They are going to be waiting a while I think.