Mark Cuban discloses he bought 150K Facebook (FB) shares at $33, but says the purchase is a...

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Stone Fox Capital Comments (4558)
 
not as wireless traffic moves to tablets. He has basically only predicted what is already known about FB and GOOG. He is over dramatic on the concept that nobody is going to use the PC. When somebody searches on a phone, its b/c they aren't near a computer. It isn't replacing the computer and is mostly add'l searches.

The biggest problem with FB is that everybody is use to getting the service for free that nobody wants to pay for it. It is also very conducive to viewing on a wireless phone.
24 May 2012, 01:58 PM Reply Like

Micah Comments (366)
 
$FB could be a nice trade for Cuban. I was thinking that all of the downbeat news on the stock could be a good short-term contrarian play. And I stress short-term...
24 May 2012, 02:06 PM Reply Like

James Davis Comments (172)
 
dont quit your day job
29 May 2012, 01:20 PM Reply Like

anaxicapital Comment (1)
 
The stock should break into the 20s and will stay there until they post some good quarterly numbers up. I think mark may lose some $.
24 May 2012, 02:14 PM Reply Like

Snoopy1 Comments (710)
 
I agree with you.

I'm really wondering why Cuban thinks it's a trade - given FB's high valuation and lack of near-term catalysts, why does he expect it to go up short term? Are people going to suddenly forget that the business model might be flawed or that there is overhang from the locked-up 271 million insider/principal shares that will be available for sale in 85 days?

In this case, I equate "trade" with "hope", and last time I checked, hope was not a valid investment strategy.
25 May 2012, 12:53 PM Reply Like

Herr Hansa Comments (2917)
 
Somewhat disagree with Cramer and Cuban about mobile strategy not being good for Facebook (FB), because I think that is the direction the company needs to move. Monetizing mobile advertising is a different matter, and the small screen is not very good for advertising.
24 May 2012, 02:20 PM Reply Like

esemini Comments (22)
 
Once again SA is misleading readers. If you read his blog, all is stock buys are trades and none are investments:

http://bit.ly/JMvnIM


8th paragraph down:
"Notice I didn’t use the word invest. I am not a investor. I just wanted to make money"
24 May 2012, 02:43 PM Reply Like

SA Editor Eric Jhonsa Comments (563)
 
Cuban's remarks:

<< Its a trade, not an investment. Kind of like buying a Mickey Mantle, a Hank Aaron and a Barry Bonds Rookie Card knowing there is a card show in town next week >>

He doesn't exactly sound like he's buying Facebook for the long haul.
24 May 2012, 02:51 PM Reply Like

Dragon Fund Comments (6)
 
Please read is blog of trading. Link below.
He never invests. He buys a stock to sell it higher at a later date which can be days or years. He will still not call it an investment but will call it a trade. He does not believe in the word "investing" when talking about stocks. He refers to all stocks as baseball card.

http://bit.ly/JMvnIM
24 May 2012, 04:54 PM Reply Like

TCO Comments (37)
 
Is this a different Jim Cramer than the one who was pumping FB right before the IPO?
24 May 2012, 03:11 PM Reply Like

remurraymd Comments (2306)
 
Ludicrous statements from the guy who cheated everyone on broadcast.com(PE 300) to make all his money and gave all his employees and yahoo the shaft has no credibility for us.We think (FB) will do fine Cuban is just jealous because Zuck made more.We will buy them lower for longer term. We think they will monetize mobile and make many good acquires like (GOOG) they have already started.Heck for cash/stock deal about 10 billion they could buy Twitter.Problem solved.
24 May 2012, 03:58 PM Reply Like