What are people's thoughts on Facebook?
What do people think of this selling for $38/share? Will it's popularity alone drive its price up?
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I dont think it will perform as well as people think
Overrated due to media hype. It's going to underperform post-IPO.
Sorta like post-election Obama: all hype no results.
When Google went public in 2004 it went from $85 to $100 on opening day. I'm not sure Facebook will have the same welcoming. 58% of investors say that Facebook is overpriced and half of Americans view it as a passing fad. While a lot of people have a negative opinion on the direction of Facebook, the company has a ton of cult followers that should drive the price up more than it's worth. It should be interesting to see which way it goes.
No one's gonna care about what FB "should" be worth out of the gates. Speculation and the greater fool theory are gonna make it go wild. Its probably gonna b very "LinkedIn-esque" in that regard. Id imagine where it eventually settles will b at an overvalued price at which point going in short wouldnt b the worst idea
Yeah, I've heard people say you want to buy it and short it at the first sign of a downturn, because they think it will boom and plummet.
Great...if you have the shares pre-IPO. Retail investors are going to come out of the woodwork to buy initially, driving up the price. If you're interested in FB, consider buying in 6months+ after lockups expire and the honeymoon period ends etc.
I want to get a deal in place with an institution who's locked into the shares for a decent time frame and borrow those bad boys sometime in the next week or two and try and play the downturn.
I think this is what experts expected. I don't know if they thought it would go back down to IPO though.
I think this is what experts expected. I don't know if they thought it would go back down to IPO though.
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