Forbes just published a story entitled With Facebook’s Earnings, The Second Internet Bubble Is Over.
“Facebook shares “are slated to open on Friday at their lowest level yet and will likely end up being valued about 1/3rd less than they were at IPO time. It’s a stunning fall that will have massive consequences from Silicon Valley to Wall Street.”
“The disappointment, of course, is not just contained to Facebook. Many of the hottest tech companies touting social networking attributes and online business models pegged to a new and more mature Internet economy have been stock market disasters.”
The story then goes on to chat about Zynga, which is currently trading just over $3 and Groupon.
The story concludes:
“Facebook, Zynga and Groupon were priced for perfection, but they have turned out to be anything but perfect.”
You can read the whole story here
Fools rush in.. FB was way over-inflated when it was introduced. Mark Zuckerberg was probably the only winner in that deal.
That’s what they get for being so greedy and raising the IPO price at the last minute.
Good for them. I’m happy to see them burn for trying to fleece everyone.
– Forbes
Facebook should have been priced $24.00 going in. I predict the stock will turn around tomorrow and rocket up! If I’m wrong, I’m going to limit comments to the 3D thread on theDomains for a year!
Talk about 3D
3D Systems reported HUGE revenue, but the stock was still down. That one is going to rocket up, as well.
The market artificially suppresses stocks, until it has enough buys queued up to start a trend.
Yes, I think the guys on the floor coordinate to start trends up and down. Just now for Facebook and 3D Systems, they were coordinated down, so more insiders could profit from the explosion you’re about to see.
If I’m wrong, I’m going to limit my comments to the 3D thread from now on!!! 😀
Social media is almost worthless as means of marketing. So all social media stocks are perpetual shorts. Groupon, groupon clones, and all flash-sales sites also offer negative value to advertisers, so long-term they are all going down.
It is not about internet bubble, but social media bubble and groupon/flash-sales bubble.
Facebook trades at 15X earnings ……Apple 5X. Facebook will eventually trade down to $18 IMO. Dec 25 puts is the play.
*My opinion. Buy them and you will probably lose money
But don’t confuse bubble with lack of common sense – whether its buying stock in a company whose users expect things for free like ZYNGA or Facebook or speculating on non.com’s in the next year – like:
Bankrupt.shop
NoButIAmOnTheGroundFloor.RealEstate
IAmASucker.Homes
I knew FB was going to bomb. Glad it did. I’m so over all the Zuckerberg-hype. MySpace looked like a more entertaining platform. Then FB came along and MySpace died.
Personally, I hope this slaps some reality back into the social media hype. Why do we have to be so social? Anyone? I mean, my God. Tweet this, poke that. When did we all turn into a nation of 14-year-old teen girls?! Desperate for attention. Look at me. Friend me. Check out my profile. Thumbs sore from texting all day long.
Let me make it perfectly clear… I don’t want to know you! I don’t care about your family vacation or that irregular looking bump on your back. I don’t need to know you’re headed into the bathroom. I don’t care!! This is as social as I get… posting an opinion to a news story.
Wish the World would just grow up.
I find life is more relaxed when i am not being social ……… happier that way
The Next internet bubble will be 3D.coms ladies and gents you heard it here first. Glasses Free 3D Computers will be the next hottest trend Look for 4k 3D Holograms and advertisements to rule the airwaves, As soon as 1 item reaches out of the screen and people go to grab it 3D will be off to the races. I can see 3DVodka.com hologram ads all over the internet, 3DMartini.com with Martinis being made and poured in 3D No Glasses just pure high resolution 3D computer monitors. The domainers with brandable 3D.coms will be the big winners, No more glasses and no more excuses 3D Holgrams are coming and will explode the internet once again.
Usually, it takes a generation or two for people to forget history.
Here, it took about a decade.
I’m pretty sure a large part of the unexpected cash infusion into tech over the past few years came from all the money being taken off the table in 2008. So much cash has been sitting on the sidelines looking for a place to go, the old strategies from 1998 got dusted off, rinsed down and motherfuck us all but they worked again.
This isn’t just publicly traded companies, either.
The objective of 99% of all startups is to one day get eaten by a bigger fish, while enjoying fat VC funded salaries (and the autonomy to play ping pong and XBox all day on the company clock) in the meantime. Figure out something that appears to service some ‘need’, develop a reasonably stable application for it, get people using it then sell off for some insanely inflated multiple.
Tech over the past 15 years has always been about the glorious exit, the golden parachute, building it up, passing it off then bailing before it burns down. What’s so crazy is that the obvious lessons learned in the first part of the past decade were so clear, it’s unfathomable that so many people couldn’t (and still don’t) recognize eLipstick on a digital pig.
I think it all goes back to people just not ‘thinking’ right.
The first thing you should always estimate is the motivations of your counterparty. Pay no mind to what he ‘tells’ you. There’s a world full of magicians who can make a woman float across the stage. When you dissect a mans motives, you get an entirely different picture. The motives of tech are what they are and as long as nobody realizes it, they’ll continue to pick the pockets of every idiot with a high risk tolerance and more money than sense.
Likes Forbes has never been wrong, lol what happend to Sycamore Networks, the next big play…
@Shane
Apple is a mature stock so the lower p/e is quite understandable. Does not mean FB should be in the same range.
At any rate, stocks are long term investments (7 to 10 yrs). I don’t see how the Forbes writer can equate FB’s low performance to a “bursting” bubble.
Another Forbes article which discusses a fundamental change that is about to take place in VC, IPO’s and Investing:
http://www.forbes.com/sites/chancebarnett/2012/07/26/will-crowdfunding-for-businesses-succeed-or-fail/
See: Jumpstart Our Business Startups Act (pdf):
http://www.gpo.gov/fdsys/pkg/BILLS-112hr3606enr/pdf/BILLS-112hr3606enr.pdf
Note: Title I – referencing EGC (Emerging Growth Companies)
Note: Title III – referencing Crowdfunding
“At any rate, stocks are long term investments (7 to 10 yrs). ”
Things sure have changed when 7-10 is considered long term.
“At any rate, stocks are long term investments (7 to 10 yrs).”
Show me a man who chants mantras like this, I’ll show you a man who has no business managing his own money.
Adrian Keys –
“I don’t see how the Forbes writer can equate FB’s low performance to a “bursting” bubble.”
You cannot confuse having sex with your vibrator (oops faebook device for the brain dead) with what puts dough on the table – but I am entertained however.
Point is fundamentals never change – no matter what gets you off 🙂
Zynga and Groupon aren’t bubbles and their value will grow
@Shane: Pretty common number among those who really know P&E’s; my own business partner has predicted $18 before it’s all over, too. I’m not terribly experienced when it comes to the stock market, as it seems like a mess of hocus-pocus to me.
However, I must say anyone with a grip on reality could have predicted some of these recent disasters. Just because it’s the web doesn’t mean traditional finance models don’t apply. That’s how the first bubble happened, after all. “Gee, we have a new way of doing it!” NO you don’t; you just have a new medium.
As for who made money on these IPOs: The investment bankers are the ones who made the money. The more hype, the more speculative money flows in, which drives UP the price of the IPO. Since any fortune Mr. Zuckerberg could claim would be tied to the valuation of FB, the lower the price, the less he gets. And he can’t do anything with the stock right now, anyway.
I still think companies like FB and Zynga priced their IPO’s right, the goal for them was to sell shares to the public and raise cash, which they did.
Ofcourse it looks bad now that the shares are down, but they still raised all that cash onto their books.
The bubble of 2000 was when internet companies weren’t making or barely making any revenues, now these social media companies have significant revenues, and they’ll ebb and flow over time. I think companies like FB, Zynga and Twitter will be able to hold on and grow, Groupon not so sure about. When revenues/profits increase in a future quarter, shares will go up again. These companies will have more ways to grow revenues than we even know about now.
@@Domains
I totally agree. I don’t see how such a “high-powered” team of advisors could all buy into faulty pricing. The goal was to raise a certain amount cash which they all did…the fact that an investor is down a few months after the listing does not say the offer/company is a failure.
@Anon – but that’s the very point I am making. The money that I manage would not find its way into the FB IPO as I do understand that stocks are long term investments.
Even more, no one has a good model for how a “social media” stock behaves, so how about another mantra….”only time will tell”….
Hello MHB
When I was an institutional Broker, the inside joke on Forbes was they were “Wrongway Doolittle”
They could not be more wrong on 2nd. Internet Bubble, because there is no such thing as Internet Bubble as compared to 99 2000 debacle. Just because FB is tanking is no reason to lable anything remotely close to a BUBBLE.
Facebook is tanking because Zuck is a Dirtbag that is a Billionaire that followed questionable moral standard decisions in order to steal his way into the limelight. You can look back to day one inception and the unfolding events that followed to realize what I am saying is true. So many people are blinded by greed over fairness and their end result is never good.
“What comes Around Goes Around”
I said in past comments 10$ for FB was highly overstated on a fundamental basis and remain with that opinion.
Gratefully, Jeff Schneider (Contact Group) (Metal Tiger)
Piper Jaffray analyst Gene Munster predicted great things for Apple stock when it traded at its high December 2009, based on the iPod, iPhone, and news about the iPad.
Gene Munster says about Facebook
– Buy Facebook? If You Don’t You’ll Regret It: Pro
http://www.cnbc.com/id/48355891
Famed venture capitalist Roger McNamee 2nds that opinion
-cnbc
@ Louise
Fair enough, but this does not answer the moral fiber questions involved with Management. Your word and trust are far more important than the next paid for news bite from some hired gun marketer that has a vested interest in seeing FB go up.
The truth of the matter is the smart fundamentally based money is not buying this news fluff.
By the way I own no positions nor have any of my clients been advised to buy this fundamentally flawed issue called Facebook.com
Gratefully, Jeff Schneider (Contact Group) (Metal Tiger)
Gene Munster predicted Apple would rise when it was still $200.00 per share, and people thought it had peaked, so I’m going to trust Gene Munster!
Gene Munster predicted Apple would rise when it was still $200.00 per share, and people thought it had peaked, so I’m going to trust Gene Munster!
———
Your thought process couldn’t be any worse.
Joe Lewis kept doubling down on BSC, too.
History is littered with people who use the lone credential of “getting it right that one time” to purvey shitty advice for the rest of their lives.
@ Louise
Good luck you will need it at this rich premium level. We would suggest possibly buying it as it approaches 10$ but even then beware!
We expect them to lose many fans of support along the way. This includes companies support as well. The momentum is Institutionally against you . Watch out.
Gratefully, Jeff Schneider (Contact Group) (Metal Tiger)
Just who is “we”, Jeff?
Buy now! Facebook is going to rocket up!
Not Friday, maybe not Monday, so I have to go back to the 3D thread.
Gene Munster predicted new highs for Apple; then Apple tripled from its high of $200.00. Facebook has real users, not just a handle and an email address. If Facebook goes up and down a few dollars, it doesn’t matter – this it the time to buy!
Comments here are negative about Facebook
CBS Nightly News did a piece on Facebook’s decline in advertising after which Scott Pelley made a verbal swipe against it:
Facebook progress hindered by advertising
cbsnews.com/video/watch/?id=7416276n
USAToday posted something negative
Facebook’s stock plunge highlights fears about growth
usatoday.com/money/industries/technology/story/2012-07-27/facebook-stock/56525044/1
and CNBC personalities debated the merits of ousting Zuckerbert.
When sentiment is this negative, NOW is the time to get in!
“When sentiment is this negative, NOW is the time to get in!”
And people wonder why the public doesn’t stand a chance in the markets..
re: Facebook-
Probably NOT a good time to buy unless you are a bit of a gambler…..my understanding is that on August 20th the first insiders “lockout” period will expire and Facebook “insiders” can start to sell some of their shares; there is a second lockout occurs 90 days after that. There are a lot of tax advantages to sell in 2012 vs. 2013 as the Bush tax cuts will expire and that is another motivator as well. There are better stocks in this space and much, much, much less risky.
As usual, inverstors are getting suck in to buying in but not thinking logically what they’re getting back. Sell, sell sell!
Jeff Schneider –
“We would suggest possibly buying it as it approaches 10$ but even then beware!”
1st time I agree 100% with Jeff. I can see it getting down to $10.
“At any rate, stocks are long term investments (7 to 10 yrs). ”
It’s obvious you have no idea of investing. For me long term investment is 1 – 2 months and if you think I am stupid in the last 6 years since I started investing full time my average return is 35%
a year and this is better than W. Buffett (I never had a losing year)
I am not a daily trader but I trade often
@John
Easy John…it’s no guesswork.
Long Term Investment
“In general, an investment instrument (bond, debenture, preferred stock/preference shares) that matures in more than 10 years.”
Read : http://www.businessdictionary.com/definition/long-term-investment.html#ixzz224ZL6sM5
All the other books/definitions will say the some thing too. John, we do understand context…FB could have provided a flip opportunity and return 100% in a month or 2 and maybe a lot of folks were counting on that. The fact that there was none does not make the company/stock a failure.
I’m not surprised that Facebook has tanked. I am not an investor (outside of domains), but I wouldn’t have touched that IPO with a 10-foot pole. A site is only as good as what it offers its users, and Facebook seems to be taking the same path that Myspace did. People are annoyed by the constant layout changes and privacy issues, and FB is becoming unnecessarily complicated.
The news that they are in talks with banks to offer payment processing and compete with Paypal is disturbing. Do you really want all of your financial details in the same place as Farmville, your 8th grade photos, and your timeline? Facebook should stick to what it does well – there’s always a tipping point when companies try to “be everything to everyone,” and although FB (and let’s face it, Google) want to be one-stop shops for all of our needs, if they become too broad, and diluted, there will be a backlash.
@ Nadia
Facebook, Google, Apple, Pyapal, eBay, Amazon, Disqus, Livefyre, Sprint, AT&T . . . I feel safer with Facebook . . . At least, it’s a level playing field, where all the signups are individuals!
“Buy now! Facebook is going to rocket up!”
At $22 a share today – that is less than 50% of the $45 stike it hit after the IPO.
Entertaining the brain dead (who have no money) on their iPhones and Droids with free stuff was a stoke from day one.
@ Brian
You’re smart – I study your comments with pleasure! Ususally, you’re right! With Facebook, I beg to differ.
Facebook has great fundamentals. While sentiment is strong against Facebook, savvy investors are looking to get back in, but it may not be before the lockup is over, that is, the “ban on share sales expires next week.”
August 16th, the ban on share sales for institutional investors who got in before the IPO expires. After that fallout, Facebook is set to explode.
The Motely Fool wrote something positive about Facebook, and even Microsoft went on record saying it doesn’t intent to sell its shares.
Microsoft Said to Plan Holding Facebook Stake as Lockup Expires
http://www.sfgate.com/business/bloomberg/article/Microsoft-Said-to-Plan-Holding-Facebook-Stake-as-3780392.php
Louise – Just like the Green Bay Packers and Man U – some folks just need to own a few shares to put on the mantel.
Also – I read something somewhere that for facebook to equal Google in terms of P E, (or whatever) the stock would need to be at about $9 a share – and then add to that trying to sell stuff to folks that have no money. It is just a slow kill – but then again I am not in the market – I invest in my own businesses and therefore do not have to follow the knowledge coming from the “experts” at CNBC.
“The Second Internet Bubble Is Over”
An emotive statement to be sure, but Facebook, Groupon,
Zynga et al are not really representative of the Internet.
If all of these sites went bust the web would just carry on as
before, as if nothing had happened…
@ Brian Wick said:
You call them “experts?” The CNBC crew are entertaining, but ANTI- facebook, calling the IPO “the Facebook debacle,” watching how far Facebook is falling, as you and the commenters here, so you’re assertion is wrong. I’m using them and your opinions to predict the SURGE in Facebook shares. That is not the slight retracement from being oversold we are seeing.
Let’s wait until after the 16th. 🙂
@ BrianWick, I’m sorry. You meant, Gene Munster, who was interviewed on CNBC, as the “expert” I was referring. Let me clarify: the CNBC announcers, though well-meaning, seem to follow the herd. They are negative on the economy when the market is down, and perk up when stocks rise. It’s fun to anticipate the opposite of what they say.
Roger McNamee & Gene Munster, who have nothing to do with CNBC, but have their own firms, made sense to me in what they said, being positive on Facebook.
That’s all I have to say until AFTER the 16th.
My guess is the only people buying facebook stock and even keeping it where it is at $21 are averaging down and down and down – so they can get out at 25-26 or so.
Reality is 30% of IPO or $12 – just like the losers at Zynga..
It is a fad
Facebook Is Due to Surge –
still waiting ?
@Brian Wick asked:
Yes. Holding steady or up a few cents is not what I am talking about. I’m talking about A ROCKET TO THE STRATESPHERE.
However, because it is later than I predicted – true to my resolve – I have limted my comments on theDomains to the 3D thread. It takes something most business people are unacquainted with: restraint.
Facebook stock maybe hit bottom. Here is a chart with a couple indicators I added.
This is what I commented, way back on May 18th on Morgan Linton’s article about Facebook’s IPO
The largest block of shares held by insiders and employees unlock in November – I guess that will be the final shakeout.
Let’s revisit Facebook.
Hi, Brian!
September 4th saw FB close: 17.73
Two higher lows were reached since:
18.98 on October 18th
19.21 on November 9th.
Today FB closed at: 26.36.
Support seems to be the 19.00 level, and the lows have been higher than September 4th – FB seems to be rising!
It doesn’t hurt major lockups are past . . . Had a feeling serious investors were waiting out the lockups to put their $$ in.
@ Louise
You’re entitled to your opinion, but as someone who used to work on Wall St. it’s always obvious to me when someone is pumping a stock.
A word to the wise, when someone uses verbiage like “A ROCKET TO THE STRATESPHERE.” run, do not walk, to the nearest exit. Anyone worth their weight in salt doesn’t use language like that. People trying to pump up stocks use language like that. Often, they’re shorting the very stocks they’re promoting.
Louise –
I figured this thread would get an “I told you so”
Yes – the stock and its 100 Trillion shares is “rocketing” to a whopping 2/3’s of its IPO.
I hope you are not too seep into to it and can get whole – as there are so many folks who averaged their cost basis well below their initial $38 IPO investment with 2 and times as much money to get that average cost to probabably wwhere it is now. And just because short sellers got burned and to cover thewir mistakes – that is not all good news you seem to be overlooking with your rosey glasses 🙂
@ Paul
You’re right! Rereading my comments, they sound effusive, like a high from bi-polar. I just got excited, because the negative sentiment seemed like a sure sign that FB is due to rocket!
@ Brian, FB hasn’t rocketed, yet. You have to concede, FB isn’t looking to tank the way of Zynga and other IPOs, Groupon, etc. I’m not invested. Maybe I’m wrong. The negative sentiment seems like a case study of a stock before it rockets. It hasn’t happened, so far, but FB doesn’t look as bad as before . . .
Facebook is a fad, albeit a persistent one…
The tide is starting to turn for the website, however. People
have enjoyed playing with their new toy for a few years, but
are now starting to get bored with it.
Site members also don’t like fb’s nazi-style demands for ‘papers’
or ID. Personally, I don’t see how the site is even allowed to
operate, given that the ‘founder’ is proven to have said “they
trust me – dumb f***s”, in response to a question about site
security.
The exponential moving average is slightly on the rise . . . I think it made a double bottom, the one in October, and the one in November, which was higher than its Sept. 4th low, so that it’s starting to rise . . .
But I won’t call it a “rocket,” until it hits $65.00 – okay? Then you have to hand it to me: Facebook rocketed.
Here is a snapshot of FB stock ytd, with a couple indicators I drew:
FB on finance.yahoo.com
mql4’s definition of William’s %R states:
Trending up! 😀
Whew! Close over $30.
Louise –
Makes no since to me – its only $6 away from its IPO price.
Possibly so many people are so “blindly” in love with facebook – because they can tell their friends what they are doing every minute of their life – that they do not care about the fundamentals and won’t sell their shares – kind of like owning stock in the Green Bay Packers – which likely will not ever pay much of a dividend either ?
@ Brian, To what do I owe this great honor of your response? I’m not kidding. I know I’m nobody, and I am surprised when someone responds back!
How do you sign in to post a comment on theDomains? Facebook is the first choice, then Google+, then twitter.
Facebook is more connected to the individual than any of the three – it’s the next best thing to planting a chip inside the brain! Plus, it’s gaining popularity. I thought, Facebook has more to the upside to go, and – as far as investing – only the indicators matter, and they were looking positive.
Still, I grant you Facebook hasn’t, “rocketed.” When it gets to $65.00, then you’ll say, “It rocked,” right?
Hi Louise –
So apparantly this new search thing did not go over very big today (jan 15, 2013).
So what kind of model is going to allow them to make dough – you seem to be following this more than me just checking share price every day – and whatever Money.com forces on me ?
Is the consumer not sofisticated enough for any new ‘social media’ model – FB or otherwise ?
Wait. So far, I am not right, and Facebook hasn’t rocketed – I agree with you! But if it reaches $65.00 this year or next, would you grant that it has “rocketed?”
Hi Louise –
If it even stays at $30 – they are doing something right – that is what prompts me to be a bit more objective about the company 🙂
Okay, I’ll tell you a story.
The ’94 film, Car 54, Where Are You? is a masterpiece of funny one-liners and performances by David Johanson and John C. McGinley, Rosey O’Donnel, Nipsy Russel, and others, but gets zero stars from 32 reviews. It used to have half a star. Where are my people? I used to enjoy Leah Rosen of People Magazine’s reviews, but followed the opposite of her suggestions. So, I would participate more and be willing to make, “friends,” if I find my people who enjoy the same movies . . . that is, to find out which movies to go see.
Tomorrow, Facebook should by up, because the traders on the floor like to stop out the opposing trend, before they put in their buys. So, today was down, tomorrow likely up. It’s short-term. But long term, graph search is where it’s at! And you should HOPE Facebook succeeds, since it has partnered with Bing. Microsoft, Bing, and Facebook are going to diminish Google’s share. Not, shares, as in stock, but share of the search market.
Is the Facebook fad fading – less adults means less people with money using it –
http://pewinternet.org/Reports/2013/Coming-and-going-on-facebook.aspx
jibber jibber jibber – sharing irrelevant knowledge – jibber jibber jibber 🙂
Hi MHB,
I just wanted to revisit your original Headline with wrongway Doolittles 2nd. Internet Bubble statement. First off this statement does not come from Mr. Forbes it comes from a scribe of his who should consider leaving his cubicle and looking at the real world.
Rick Schwartz and I are both sensing a 5 year bull market in Internet expansion or I should say I think Rick is in the same camp. The timing for the Internets Capital structure expansion is currently better than at any time in its illustrious History.
That I belive you can take to the bank!!
Gratefully, Jeff Schneider (Contact Group) (Metal Tiger)
Scott Redler & Jim Cramer of MadMoney and Real Money say if Facebook gets to 29.5 and holds, it would be a, “buy,” on its way to IPO price of $38.00 – $42.00.
Cramer: Is Facebook Trying to Get Back to $38
cnbc.com/id/100524818
My Dad says the economy is going to tank this year. So, I hope you all have plans to make $$ on a down market. It’s hard to fatham, when there is all this eurphoria over the dow making a new high. He watches the charts, but I hope he’s wrong! My cousin works in Vegas. She says, it’s a ghost town as far as domestic business – “It’s all Asians and Europeans.” They just came off their busy time of Chinese New Year. I told her from domaining I learned how important numbers are to the Chinese, with “4” being unlucky, and how some domainers did well with their number domains, and she said her hotel doesn’t have a 4th floor, no room #4, and they took the number “4” which means, “death,” if you mispronounce it in Chinese, off of most things. Interesting!
Correction: Redler said
Not 29.5, but 29.2! is what he said. It’s just a comment – do your own research!
So Louise –
Facebook is a fad that got us our current 8-year president – got to hand it to the guy – but when his term approaches an end – so will facebook 🙂
Jim Cramer is an entertainer – nothing more.
The economy will not tank – history dictates inflation will offset that – and in doing so further alienate and diminish the middle class – that is all – kind of odd – yes.
Well . . . well . . . well.
This is the thinking that separates the future trend domainers. We research the trends. I don’t know if my offbeat thinking about my portfolio choices will ever yield the slam dunk results I envision, but I and the other future trend domainers have to hang on! 🙂
Yes Louise –
I know you love and adore the guy – he is so smart because he has never had a real job like you and I ……
Anyway — The DOW was at 12,000 at the FB $38 IPO and now the DOW is at a 25% increase at 15,500 or so making the IPO present day value at $45 or so. – I hope it goes to $500 for you 🙂
No, I’m neutral.
Facebook – you must admit! – is in its own league compared to Groupon, Zynga, and Demand Media. For those stocks, the internet bubble may be over, but Facebook is solid.
Just a shout-out to the future trend domainers, because of our research skills. What many may view as low-mediocre portfolio choices of EmergingDomains, are flanked by what some may agree are better quality long-tail keyword domains:
WhatisaSmartphone.com
MobileDTVDevices.com
3DDesignSoftware.com
Clearly this facebook jump to is a reflection of a better – more realistic user base – well beyond our “facebook” president.
In any event you called it – good for you – congrats – hopefully you have skin in this game and your foresight converts to money 🙂
Thanx for your kind observation. No skin in the game. Will Facebook stock rocket to $65.00, the number I predicted? I don’t feel validated, unless it does. I said it would ROCKET, not just reach its IPO price.
Is all this hype mostly related to the new games / game platform ?
Does this mean an end to Zynga and other game providors – or limit them at least ?
Facebook at almost $42.00 – that is big movement in short time. Will it reach $65.00? Nobody invest, just because I am blabbing conjecture.
Hi @ Brian, just noticed your reply. The talk has been, Facebook went from zero mobile revenue, to 40% of its income is mobile advertising, from last year to this year. It just bought Instagram, and hasn’t started monetizing.
Did you hear about the post the security researcher Khalil Shreateh posted to Zuckerberg’s wall, after being blown off by the security staff at Facebook? Facebook wouldn’t award him, but a GoFundMe account was started, which raised $13,000 for him: http://www.gofundme.com/3znhjs . Cheapskates.
Close over $50.00 – is it on its way to $65.00? 🙂
I have been called wrong – to the benefit of the new state run tv – congrats 🙂
how many shares do you own Louise.
if you cannot beat them – then join the regime – but the bigger picture is entertaining the followers ( FB Users) in my book as they vote away their own capitalistic idedas
52wk Range: 22.67 – 54.83 That’s one wierd range. Friday’s close: 53.32.
Hi @ Brian, just noticed your reply. I don’t know anything about Zynga. All I know what my Dad taught me: the pattern of the charts. He’s a genius. Viewing the exponential moving average, the volume, and the William %R, and the sentiment was against Facebook, I could see it had potential to rocket! But, it still hasn’t hit 65, my target.
Andreessen: Bubble Believers ‘Don’t Know What They’re Talking About’
http://online.wsj.com/news/article_email/SB10001424052702303640604579298330921690014-lMyQjAxMTA0MDAwMzEwNDMyWj
Interesting article!
Close today; $61.08.
Finally, Facebook closed over $65.00 – $67.33, today – so I feel validated!
In 2013, I was wrong to repeat my father’s prediction:
so, I could be wrong, but I thought if Facebook exceeds $80.00, it might soar over $100 to $120 peak. I wanted to stay conservative, and say, $65.00, when I was thinking, $120.00, but I can’t find a record in these comments that I said, $120.00. Facebook closed above $90.00 yesterday, and I thought, it’s going to reach $120.00. Investors are saying, “Buy on the pullback,” but I don’t think you have to wait for a pull-back. I don’t have a record of my saying it, but I remember thinking, “if Facebook gets past $80.00, it’s going to $120.00.”
Facebook (FB) Stock Jumps After Trying Out New E-Commerce Feature
http://www.thestreet.com/story/13222421/1/facebook-fb-stock-jumps-after-trying-out-new-e-commerce-feature.html?puc=yahoo&cm_ven=YAHOO