Just wanted to add to this discussion. Apparently only five insiders sold (or at least have reported selling) last week. Counting Accel's various funds as one. http://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=0001326801&sortid=period-of-report-ASC.
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I dont get it. Who is buying all the Facebook shares ?
- Thread starter zanek
- Start date
Quote from zanek:
Facebook insiders are dumping millions of shares, but there has to be someone on the other side of the trade. They say there are like 250 million shares not locked up anymore as of Thursday and another 1.7 billion to be unlocked by Dec 2012.
My question is, who the hell is buying all of these shares ?
Is it market makers ? Are there really that many people buying FB ?
2 billion shares hitting the market at todays prices is about $40 billion. Are there that many suckers out there buying $40B worth of FB ? I would think the sellers wouldnt be able to get out at some point
Someone explain this please !
Americans with 401K. They provide a market for this garbage and this is how they provide the wealth transfer from Joe Six pack to the Wallstreet/banking industry.
TV and news stories made it sound like Facebook was going to go to $1,000 per share within a few months, although I never bought it, since I knew it was extremely overvalued. Before the IPO, this stock was constantly being talked about on TV and constant news stories on the internet. Pump and dump still works on the average Joe. So many gullible people out there that cannot think for themselves. There are people out there guiding most people's lives and they don't even know it. For example, new smartphone comes out each year and so many people have to go out and buy a new one every year, like clockwork, even though their current cell phone works just fine. What a waste of money buying new phones and tablets every year and a waste of the earth's precious resources. Some of these people are on unemployment and food stamps. They barely have enough money for food, but magically they always have enough money to buy a new smartphone each year.
FB in a downtrend
AAPL in an uptrend
OK, you sort of missed these two...
now go out and find a stock that isn't covered by everyone, see how the trend is beginning, and BET THE HOUSE.
are you happy with 67 trades and $44 P/L after commissions??
no, so pick one stock and make real money!!!!!!
FB, obvious. AAPL, obvious.
For $50,000 I can give you a stock. but you better act fast!!!!
AAPL in an uptrend
OK, you sort of missed these two...
now go out and find a stock that isn't covered by everyone, see how the trend is beginning, and BET THE HOUSE.
are you happy with 67 trades and $44 P/L after commissions??
no, so pick one stock and make real money!!!!!!
FB, obvious. AAPL, obvious.
For $50,000 I can give you a stock. but you better act fast!!!!
Bought a bunch more shares yesterday. Most of my position established at around $20. Now my largest position by a significant margin.
Originally I wanted to add after the Q3 report but now I think the mobile monetization story is getting out there and that they are monetizing mobile more aggressively than I originally anticipated. Q3 consensus looks aggressive but I think the chance of them beating is good.
Originally I wanted to add after the Q3 report but now I think the mobile monetization story is getting out there and that they are monetizing mobile more aggressively than I originally anticipated. Q3 consensus looks aggressive but I think the chance of them beating is good.
They weren't buying today. QE actually meant more $$ for the 1% and dirt for the 99% so many FB losers will actually have less money to spend on ads (as if they were buying in the first place). With so many FB users who could potentially be on the street due to infinite QE, FB should be known as Face Bum.
The biggest bum of them all is hoodie boy Suckerberg.
Cover to buy.:eek: