Facebook (FB) hasn't begun trading in the U.S. yet, but in Germany, bids of €58.20 ($74)...

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Tack Comments (9263)
 
Three simple words: People are nuts.
18 May 2012, 09:49 AM Reply Like

Strole Comments (3)
 
Agreed.
18 May 2012, 10:25 AM Reply Like

Dirk McCoy Comments (570)
 
Lots of words apply to pump and dump, nuts is not the one I would pick.
18 May 2012, 11:03 AM Reply Like

Ian Bezek Comments (1037)
 
It's different this time!
18 May 2012, 09:53 AM Reply Like

Windsun33 Comments (3924)
 
$74... That is totally insane.
18 May 2012, 09:54 AM Reply Like

mimailmula Comments (44)
 
maybe the euro will crash 50% later today
18 May 2012, 09:55 AM Reply Like

Josh Krause Comments (1365)
 
Good luck to anyone that doesn't flip that double immediately.
18 May 2012, 09:58 AM Reply Like

runlong Comments (93)
 
Whats insane is 600.00 apple
18 May 2012, 10:31 AM Reply Like

tradermarc Comments (56)
 
Apple is going to make $50 Billion NET. FB does $1 Billion. FB (based on Germany's open of $74/share) has a market cap of $200 Billion. Apple's market cap is $500 Billion w/ $110 Billion in cash and equivalents w/ no debt. Do the math and reconsider your comment.
18 May 2012, 10:56 AM Reply Like

Windsun33 Comments (3924)
 
The P/E of Apple is around 13. The P/E of Facebook is around 100 or so.
18 May 2012, 11:54 AM Reply Like

Windsun33 Comments (3924)
 
(FB) down to the opening price now, and looks like it is trying to go under $38. Looks like those $74 bids are really gonna get burned.
18 May 2012, 11:56 AM Reply Like

Dirk McCoy Comments (570)
 
Not if they were placed by people who bought more at $38 and sold at $42.
18 May 2012, 02:39 PM Reply Like

Papa Jupiter Comments (8)
 
Largest, most energized pump & dump in history!
18 May 2012, 10:43 AM Reply Like

Jawwad Siddiqui Comment (1)
 
This will put on a good show!
18 May 2012, 11:19 AM Reply Like