Anyone Betting on Facebook?

Quote from hajimow:

I don't think anyone in his right mind would be long FB except swing traders. If anyone could answer just my simple question, I am ready to sell my arms and legs and invest in FB. Till then I will only short FB. Here is the question:
FB IPO was $38 and then it went up to $42 and since then it has dropped and the lows was $17 something. Zukerberg appologizes about stock performance but is optimistic on FB. At the same time, the heavy rich bloated insiders are selling the shares like there is no tomorrow. If they had a 1% faith that FB will go up and is undervalued, I bet you they would keep their shares but they don't. You cannot say that they are selling their shares to pay their mortgage. If I were an insider and knew that next month or in 3 months, I would be able to sell the shares at $24, I would hold on to my shares. Believe me, FB will tank and will tank hard. Very soon, we will see FB drops $3 in a day and makes another 52 weeks low. Online ad business is very popular but no way FB can compete with GOOG or YHOO or...
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". At the same time, the heavy rich bloated insiders are selling the shares like there is no tomorrow."

Who are you talking about? You are assuming these sellers are long term traders who don't like the stock. Selling does not mean they hate the stock.

Venture capital firms are not hedge funds or banks. They want to cash out on an ipo so they can put the money into their firm and to their partners. It is expected that they would sell. Honestly your analysis is very poor but I hope I provided good insight for you to think about. :)

Last, Mark is not selling.
 
Quote from ubstrader_fx:

".
Last, Mark is not selling.
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Big question is that can he sell? He is not selling because him selling equals to FB to go to $5 in a matter of days.
 
Quote from nillionaire:

Peter Thiel sold about 20 million shares, and is still holding about 5.6 million shares. So he sold almost 80% of his shares. That means he still has 20% faith that FB will go up and is undervalued.
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LOL
 
Quote from hajimow:

I don't think anyone in his right mind would be long FB except swing traders. If anyone could answer just my simple question, I am ready to sell my arms and legs and invest in FB. Till then I will only short FB. Here is the question:
FB IPO was $38 and then it went up to $42 and since then it has dropped and the lows was $17 something. Zukerberg appologizes about stock performance but is optimistic on FB. At the same time, the heavy rich bloated insiders are selling the shares like there is no tomorrow. If they had a 1% faith that FB will go up and is undervalued, I bet you they would keep their shares but they don't. You cannot say that they are selling their shares to pay their mortgage. If I were an insider and knew that next month or in 3 months, I would be able to sell the shares at $24, I would hold on to my shares. Believe me, FB will tank and will tank hard. Very soon, we will see FB drops $3 in a day and makes another 52 weeks low. Online ad business is very popular but no way FB can compete with GOOG or YHOO or...
More...
I am long.
I am planning to hold it until $1,000.
 
What a loser this POS is. On a day like today, even crapper like NFLX can manage to edge out some "temporary" gain. Suckerberg must be walking around with his hoodie on again...:D

CEO wearing hoodie and sandals = Stock price DOA
 
yaaaaaaa, anddddd ummmmmmmm, ahhhhhhhhh, you knowwwwwwww.

ummmmmmmmmmm.

dumb ass.

-10



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