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05-17-2012, 07:03 AM
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#41
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2011
Location: NC Triangle
Posts: 5,807
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I think my life will be just the same the day after the Facebook IPO as the day before. That's sort of one of the goals I have now post-ER: no big swings one way or the other!
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05-17-2012, 12:48 PM
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#42
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
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 Quote:
Originally Posted by almost there
Government Motors has no idea what they are doing.
That's how they got where they are today.  |
So you are betting against Buffett. Good for you! I think maybe he is getting senile.
IBM, GM! Where has my Oracle gone? 
__________________
For the fun of it...Keith
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05-17-2012, 01:49 PM
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#43
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Full time employment: Posting here.
Join Date: Feb 2012
Posts: 648
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Quote:
Originally Posted by almost there
Government Motors has no idea what they are doing.
That's how they got where they are today. }
My order is in for 500 @ 25.00. Just for fun. Will I get it?
Who cares? LOL LOL |
If you leave it open... I'm guessing you'll get it sometime next week. Or at least by the end of the month. 
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05-17-2012, 02:09 PM
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#44
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Dryer sheet aficionado
Join Date: Apr 2012
Location: Springfield
Posts: 28
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Ipo @ $38
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05-17-2012, 05:25 PM
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#45
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,674
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$16B in IPO stock sales tomorrow @ 9:30 ET or so. Many new millionaires in the SJ area. Got anything to sell them...house, car, gadget?
__________________
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
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05-18-2012, 07:02 AM
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#46
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 4,366
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I got 100sh of Facebook out of 1200sh requested from Fidelity. That was half of the requests for two accounts and nothing (so far) from the 1000sh request in my third account. Not sure how they decided that, but I'll have a little fun at least.
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05-18-2012, 08:18 AM
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#47
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Full time employment: Posting here.
Join Date: Feb 2012
Posts: 648
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Crazy...
9:46 AM Facebook (FB) hasn't begun trading in the U.S. yet, but in Germany, bids of €58.20 ($74) are being placed, according to Bloomberg. That nearly amounts to a doubling from the company's $38 IPO price, and would translate into a market cap north of $200B
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05-18-2012, 09:41 AM
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#48
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Thinks s/he gets paid by the post
Join Date: Jul 2010
Location: Chicago
Posts: 1,008
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FB is now showing up as $40.13 in the US @ 11:41 EST.
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05-18-2012, 09:51 AM
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#49
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 4,366
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Looks like they priced it pretty well. Nice to see the original owners get the cash instead of the IPO buyers.
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05-18-2012, 10:05 AM
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#50
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 2,844
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Well I went ahead and bought 500 hundred shares @38.50, we'll see how this goes, totally a short term speculation on my part but I really like the odds, the amount of negative press this has been getting just made me want to do this!
__________________
But then what do I really know?
https://www.early-retirement.org/forums/f44/why-i-believe-we-are-about-to-embark-on-a-historic-bull-market-run-101268.html
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05-18-2012, 11:11 AM
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#51
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 4,366
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Quote:
Originally Posted by Running_Man
Well I went ahead and bought 500 hundred shares @38.50, we'll see how this goes, totally a short term speculation on my part but I really like the odds, the amount of negative press this has been getting just made me want to do this!
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Nice buy in a dip it looks like.
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05-18-2012, 11:57 AM
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#52
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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I am not seeing the mania I thought I would. Maybe the syndicate raised the IPO price to make sure that speculators had to pay up a little..........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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05-18-2012, 12:40 PM
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#53
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Thinks s/he gets paid by the post
Join Date: Jul 2010
Location: Chicago
Posts: 1,008
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Quote:
Originally Posted by FinanceDude
I am not seeing the mania I thought I would. Maybe the syndicate raised the IPO price to make sure that speculators had to pay up a little..........
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I think the mania got taken care of when they raised the price up to $38 and then added a lot more shares to the IPO from 337 mil to 421 mil shares. I read somewhere this has only happened in < 4% of all IPOs.
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05-18-2012, 01:21 PM
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#54
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,311
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Provocative if nothing else...
'The Golden Age of Silicon Valley Is Over, and We're Dancing on its Grave' - Derek Thompson - Business - The Atlantic
Quote:
'The Golden Age of Silicon Valley Is Over, and We're Dancing on its Grave'
THOMPSON: What does the Facebook IPO mean for Silicon Valley?
BLANK: I think it's the beginning of the end of the valley as we know it. Silicon Valley historically would invest in science, and technology, and, you know, actual silicon. If you were a good VC you could make $100 million. Now there's a new pattern created by two big ideas. First, for the first time ever, you have computer devices, mobile and tablet especially, in the hands of billions of people. Second is that we are moving all the social needs that we used to do face-to-face, and we're doing them on a computer.
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__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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05-18-2012, 07:00 PM
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#55
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 5,596
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Didn't and have no immediate plans to buy FB. Interesting how it opened and closed right aroung $38. I do, however, have a suggestion for a corporate theme song.
__________________
I purr therefore I am.
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05-18-2012, 09:08 PM
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#56
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 4,366
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Pretty clear that the IPO managers had to support the price at $38 quite a bit of the day. Looks like the biggest IPO's aren't as much fun as the smaller ones.
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05-18-2012, 09:45 PM
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#57
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2011
Posts: 8,422
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TV Show "Person of Interest" or Facebook?
"You are being watched. The government has a secret system: a machine that spies on you every hour of every day. I know because I built it.......
Hunted by the authorities, we work in secret. You'll never find us, but victim or perpetrator, if your number's up...we'll find you."
How convenient for any government to know what every citizen is up to; who their friends are, what organizations they belong to, where they are right now. And we fill in the information for them!!
__________________
Living well is the best revenge!
Retired @ 52 in 2005
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05-18-2012, 11:54 PM
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#58
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2006
Posts: 7,733
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Quote:
Originally Posted by Animorph
Pretty clear that the IPO managers had to support the price at $38 quite a bit of the day. Looks like the biggest IPO's aren't as much fun as the smaller ones.
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I don't know about that. One of my former colleagues has been director of global marketing at Facebook for 3 years. Looking at the smiles on these facebook employees faces (my friend is 2nd from left), it looks like this IPO was plenty fun.
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05-19-2012, 08:06 PM
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#59
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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Let's see, when the lockup expires the shares might still be above $30. These guys got theirs for what... a nickel each? I guess they could live with that.
I wonder how many of them are going to be at FB five years from now. I include Zuckerberg in that speculation.
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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05-19-2012, 09:10 PM
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#60
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Posts: 7,438
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It's not like he could spend it all.
Paul Allen spent a lot for a few years, survived illness, then invested in a lot of companies including the biggest patent troll around.
But he didn't seem to have a lot of drive to make new products. Now he mostly writes checks.
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