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Facebook IPO

It's on the NASDAQ. I just checked etrade and I won't be able to buy til Monday at the earliest. So with that I'll probably wait for a dip
 
Boxerdaddy said:
It's on the NASDAQ. I just checked etrade and I won't be able to buy til Monday at the earliest. So with that I'll probably wait for a dip
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Monday??

It should start trading in about 1-hr (10:30 EST). There's a huge backlog of shares exchanged and I'm sure the traders need to settle out before offering to public, but I would expect later this am to see shares trading.
 
benjay said:
No one thing will usurp it, but it will be multiple things. Maybe dozens.

How much bigger can Facebook get? By now 99% of people who want to be on it are already on it.
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Correct, however think of the billions of kids that are to young to have facebook. If they can get 50% of the current market they will more than likely get about 75-80% of that younger market.

The obvious poo poo on that is that they have no buying power. Your not selling buying power. You are selling brand awareness for the future. Yes, I watched the facebook doc. the other night lol.
 
erikbj said:
They said Facebook is already worth more than Kraft and Disney. Since i do this for a living, i have to say I would rather own Kraft or Disney for the long run. Not sure if FB will be around in 5-10 years (pretty sure that poor pople will still be eating Mac'N Cheese).........I am noet on FB or the other sites, but i thought there was a hot site a few years ago called MySpace - how's that doing?

The more stories you hear about FB taking your personal info and selling it - people will realize that they want more privacy and i guess in the next year or two you will see a decline in users. Just my 2 cents and that's probably all its worth.
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Woah, woah, woah. Slow your roll. You think the delicious culinary great, Mac & Cheese, is only for poor people?!?

:no:
 
Go2Guy said:
Monday??

It should start trading in about 1-hr (10:30 EST). There's a huge backlog of shares exchanged and I'm sure the traders need to settle out before offering to public, but I would expect later this am to see shares trading.
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True it will start trading...but it won't let me buy thru them until Monday. It may be different for each brokerage.
 
Boxerdaddy said:
True it will start trading...but it won't let me buy thru them until Monday. It may be different for each brokerage.
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I'm with TD Ameritrade; I'll post later if shares are available. Seems unusual certain brokerages won't have volume.

I could understand if there were none available for shorting....
 
balken said:
I understand your point but DIS and KFT have been dead money for years. Only a decent dividend on KFT has made it worth consideration. That said, this is not an endorsement of FB as I know little to nothing about their financials.
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Ok, i just used a couple companies that have been around for 50 years and will probably be around for another 50 - there are a number of examples that would be better LONG term investments than FB. FB, may turn out to be like google, but i have a feeling that in 4-5 years, this will be a stock that no one wants.
 
Go2Guy said:
I'm with TD Ameritrade; I'll post later if shares are available. Seems unusual certain brokerages won't have volume.

I could understand if there were none available for shorting....
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Schwab won't let accounts worth <$100K do anything with FB for at least the first few hours that it trades today (and maybe all day, I'm not sure).
 
CyFan61 said:
Schwab won't let accounts worth <$100K do anything with FB for at least the first few hours that it trades today (and maybe all day, I'm not sure).
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i don't have 100k in my account and they let me place an order
 
No problem getting shares.

Stock was slammed down to $38 and hold for a few minutes. I might join the Casino today and see if it will close at $42.
 
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