Peter Schiff on facebook and he is totally right!

The market will not remain irrational forever. This is, at some point, a $100 stock.

Quote from atticus:

Schiff's impression of Captain Obvious. The entire space is littered with companies with a failed biz model. Look at AMZN at what, 170x earnings? They earn 1% net.

You know the Keynes cliche is coming... the market can remain irrational longer than you can remain solvent. AMZN has been >$200 for over a year.
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Quote from Swan Noir:

The market will not remain irrational forever. This is, at some point, a $100 stock.
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$100.00 for Fakebook????? :eek: You have GOT to be kidding! The site is a total waste of time and energy and totally useless. People have been leaving in droves and if you believe the #'s they dish out I have some land in FL. to sell you.
 
Quote from tradin4profits:

$100.00 for Fakebook????? :eek: You have GOT to be kidding! The site is a total waste of time and energy and totally useless. People have been leaving in droves and if you believe the #'s they dish out I have some land in FL. to sell you.
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He meant $100 on Amazon stock not facebook.

$100 on facebook would value the company at over $250,000,000,000

What does facebook produce?
 
Have you seen the new version? It includes dogs and cats accounts. It's been found In testing pets were much more likely to click the banner ads.
 
I should have been clearer. S2007S is correct. I was referring to Amazon. It would not shock me if six months or a year from today FB was $20.

Quote from S2007S:

He meant $100 on Amazon stock not facebook.

$100 on facebook would value the company at over $250,000,000,000

What does facebook produce?
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Quote from shopster:

" by the time the IPO is issued there is no upside left for the investor............"

face plant

RIP

s

:cool:
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Wall street and it's crooks including Goldman have only one job

to rob people and pensions under management
 
Quote from S2007S:

I hope he was being sarcastic because 9 billion will NEVER happen, maybe 1 billion but 9 Billion haha.

20 years from now no one will know what facebook is.
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No doubt! Like I said yesterday, fartbook will by then be about as popular as a leisure suit in 2012.
 
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