Well.. I'll tell ya, what Google IPO'ed at under $100. It flew by hundreds in a blink, crossed $600 in 2007 and is now sitting around $450.

If Buffet isn't going for the Facebook IPO, I guess he figures profit at this level is beneath him. Anyone who HAS the money to risk on the outside chance something goes horribly wrong..and doesn't try on this is crazy. Who cares for long term...but this IPO is vound to double/triple almost right away if past ones are anything to go by.

Besides...there hasn't been a juicy IPO that normal people would even know the name of n years. This will have all the normal folk with a few bucks and an online Etrade account giving it a shot too... Oh yeah... Long term may be a loser in these times. but the short term rush of a Vegas ride should be intense while it rockets and then finds it's balance.

^^ All strictly my personal opinion, of course. No one can sue me if it IPO's to a 50% loss of value in the first hour.

Originally posted by Wrabbit2000
Well.. I'll tell ya, what Google IPO'ed at under $100. It flew by hundreds in a blink, crossed $600 in 2007 and is now sitting around $450.

If Buffet isn't going for the Facebook IPO, I guess he figures profit at this level is beneath him. Anyone who HAS the money to risk on the outside chance something goes horribly wrong..and doesn't try on this is crazy. Who cares for long term...but this IPO is vound to double/triple almost right away if past ones are anything to go by.

You could be right, but you and I only ever get to buy IPO shares if the institutional buyers such as insurance companies and pension funds have already turned their nose up at them.

Not a lot of people know that.

Because of that reason, IPOs on average lose money for ordinary investors.

A little over valued is an understatement.

The only persons or groups I could see valuing it would be World Police forces & Governments so they can get quick info on people.

Maybe he knows something about the internet,that we don't know........

For those that did not heed the warning about buying into the Facebook IPO, I hope in the future you understand what a mistake it is for the retail buyer to jump into these IPOs. Closing price today- $31 per share.

In my opinion it means two things - 1.) even octogenarians know FB is dead and 2.) people realize that the stock market is just fancy gambling for the average investor and everyone knows the house almost always wins.

story just breaking that morgan stanley (lead underwriter of ipo ) had a negative view of facebook and shared it with clients ahead of their own ipo

ouch

Originally posted by sonnny1
Maybe he knows something about the internet,that we don't know........

Dude, your statement is about as alarming as it gets. Did TPTB shove Facebook down the toilet with the anticipation of turning off the internet????????????????????????????????/

OH CRAP...

He will buy them.

Once the shares are $15 or less, Facebook will buy them back.

Less shares in circulation will drive up price.

IPO investors will have effectively made FB employees rich and then the shares will rise from there.

So transparent I can't believe no one is paying attention.

Next stop...Olympics....terror....elections...

Originally posted by syrinx high priest
story just breaking that morgan stanley (lead underwriter of ipo)had a negative view of facebook and shared it with clients

ouch

Facebook's IPO was perfectly planned. They either know the internet is about to be turned off or the world economy will collapse and Europe is headed for war. Morgan Stanly will be the bank that shorts Facebook to 5 bucks a share.

It's not like the banks haven't done this before. Countrywide CEO Angelo Mozilo was publicly praising the mortgage, housing, and mortgage backed securities markets while privately using derivatives to bet against them.

The bankers that have ruled mother Earth over the last 3 decades are perhaps some of the most evil SOBs to have ever lived.

Anyone that uses Facebook had to know that their business model is one which MUST spiral down, as far as profits are concerned. You don't buy a stock because everyone uses their product. You buy a stock because the company sells something that generates profits.
Most people I know have NEVER clicked on an ad in FB, and that is how they are supposed to generate profits.
Furthermore, the only profits generated are those made by the owners of FB, who became billionaires by selling this ridiculously overpriced stock to suckers.
Sorry to be so blunt, but the average small buyer needs to understand the entire process before they dive in and lose their life's savings in the stock market.