Facebook - IPO
- Thread starter SouthAmerica
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June 18, 2012Quote from Pekelo:
See SA? Up almost 5% today, I just had to buy in....
SouthAmerica: Reply to Pekelo
Here is why Facebook stock went up today:
Facebook Acquires Israeli Facial Recognition Company â June 18, 2012
http://bits.blogs.nytimes.com/2012/06/18/facebook-acquires-israeli-facial-recognition-company/
Facebook, the largest repository of pictures anywhere and at any time in history, has acquired an Israeli company, called face.com, that makes facial recognition technology. Neither company disclosed the sale price nor the other terms of the deal.
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http://face.com/
Face.com is helping people find photos, using our home grown best-in-breed facial recognition technologies.
Facebook Scoops Up Face.com For $55-60M To Bolster Its Facial Recognition Tech
http://techcrunch.com/2012/06/18/fa...-100m-to-bolster-its-facial-recognition-tech/
The exact value of the deal will be changing depending on the price of Facebookâs stock.) This is absolutely not an acqui-hire, as Facebook will be taking full advantage of the companyâs technology and the advancements itâs made on mobile â perhaps to finally include mobile tagging options for photos.
As Face.comâs speciality is mobile facial recogition, it could potentially allow you to upload a photo to Facebook while on the go, instantly receive suggestions of whom to tag, and confirm the tags with one click.
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"As Face.comâs speciality is mobile facial recogition, it could potentially allow you to upload a photo to Facebook while on the go, instantly receive suggestions of whom to tag, and confirm the tags with one click."
Big deal!!!!!!
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In a nutshell:
Today, Facebook is worth only the amount of cash that they have on their balance sheet, other than that Facebook is just an empty shell and nothing else...just another good idea that turned sour overnight in the internet.
The smart money already cashed out of the Facebook stock â and only the fools are left behind holding the bag, and thinking that they have a good investment with any future.
As soon as the quarterly financial results start reflecting what is left of the current Facebook business model, then in no time that stock will collapse and will be trading around a more realist range of US$ 3 to US$ 4 per share.
If you own some Facebook stock today, then read this posting and keep a copy of it with your records of your Facebook stock holdings just as a reminder that you had the chance to sell your Facebook stock for around US$ 30 per share instead of riding the stock all the way down to US$ 3 per share.
If you bought some Facebook stock during the IPO or since that time, then we already have established that you are a fool and a sucker, but if you decide to hold this stock instead of getting out of it and try to minimize your losses â then besides of being a fool and a sucker you are also a Jackass and stupid.
The Facebook hype is behind us and the smart money has already cashed out of Facebook stock.
Now the Facebook reality is going to slowly sink in over time, and Facebook stock should decline all the way down to about US$ 3 per share.
Anyway, the Facebook subject makes it a nice piece of conversation, and it has proved once more that the world of Wall Street is full of suckers and fools, and it doesn't matter how many times these fools and suckers lose their shirt, they always come back for more and Wall Street screw them over and over again.
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It is almost irrelevant. My point to you is that it won't go down in one straight line and one can play it long just fine, as long as it is timed well.
Personally I think it will go back at least to the IPO's price of $38. If it is not, this stock would be one of the few stocks that just kept dropping and never reached the original price of the IPO. The odds are against that...
One other point. It doesn't matter how much you don't like the website or the stock, the company DOES MAKE PROFIT, unlike several other recently IPOd companies, like GRPN and such.... So hold on your doom and gloom, it might come later on, but it will take a while, and I mean years...
Quote from Pekelo:
Monday's open was just below $30 and today we closed at $33. That is 10% gain in a week. Half way there already....
See SA? Stop crying, start timing...
I wish you good luck with your gamble.....
You are not investing, you are just gambling in a horse with a 50 to 1 odds.
You bought a $ 3 dollars stock for over $ 30 dollar or 10 times its real value.
Smart investors buy a $ 3 dollar stock that goes up to $ 30 dollars, and not the other way around.
Pekelo, give some time and the Facebook stock it will be trading in the single digits.....
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What's interesting is the stock is being initiated with "buy" ratings as it trades above $30/share, perhaps giving hope to those who bought the IPO.
However, the "lock up" of shares begin to expire 91 days after the prospectus was made available. The insiders will once again sell their shares, while the retail investors take the bait.
History tends to repeat, and this is no different. FB is a trading vehicle, and until the earnings can justify the price multiple, those who get caught at the top may be in for a rude awakening.