Oops - now it hit $33.00. WTFDIK?? I am actually rooting for more panic. I want to buy more lower, and this is going to bounce at some point. I will not be beaten by the Zuck!!
BTW, my AAPL position is more than 20x bigger than my little FB allocation.
It's 9:52 a.m. and $33.05 was the bottom, IMO. The weakest hands are now out. I agree that AAPL is a much better investment than FB, but I've got 200 FB IPO shares at $38 that I'll hold on to just for shizz and giggles. Will consider adding more if there's more panic taking it down to $28 or $30.
Facebook IPO: Poster Child For Next Round Of Wall Street Reform [View article]
Since when has an IPO ever been "busted", i.e., undone? Never heard of that possibility. While I agree 100% with the gist of your article, I'd give the possibility of the regulators or the exchanges busting the IPO approximately a zero percent chance of happening.
5 Reasons Apple Won't Conquer Enterprise [View article]
Apple does not need to "conquer" enterprise in order for it to make boatloads of money there. Significant inroads are being made, and significant profits will follow.
The Facebook IPO Whisper Number And Valuation Survey [View article]
Everyone thought the expiration of the lock-up on GOOG insiders in February 2005 (6 months after the IPO) was going to tank the stock. The tankage never materialized.
The Key To Apple's Undervaluation And Amazon's Overvaluation [View article]
I think that the effect you describe exists, but is not nearly large enough to account for the massive valuation discrepancy. The market is valuaing Amazon like it's the Taco Bell of the future in the dystopic future world of the movie Demolition Man, when "Taco Bell won the franchise wars, now all restaurants are Taco Bell." Perhaps Amazon really will be the last and only retailer left standing. I doubt it though.
Facebook IPO: Time To Press The 'Like' Button? [View article]
I agree with the general thesis, but to say that a $570 stock (AAPL) is "ridiculously" expensive just because it is $570 is just flat out wrong. It is true, however, that this fallacy is believed by a large percentage of retail investors, who would rather have 100 shares of a $57 stock than 10 shares of a $570 stock. Well, the market does appreciate the dumb money. Also, how can 300+ million shares being offered be considered a low float? It's only "low" compared to the 3 billion shares that will be outstanding after the offering. Google went public with I think 3.14 million shares being offered to the public. All that being said, you're not going to get a chance to buy in the $28-$35 range on the first day. They're going to price it at $40 and it will open in the $50's. All just my opinion, of course. I've asked for 1,000 FB IPO shares from my broker, but I am not too optimistic that I will get an allocation.
Facebook Will Always Be No. 2 To Google [View article]
Some good insights, but way too long. Google and Facebook are #2 and #3 to Apple. FB stock is going to fly, though, at least for the opening pop. It will price above $40 due to underwriter greed, and will trade into the $50s on day one, just on madness of crowds. After that, I don't know. Hedge funds and the underwriters themselves will probably then short the snot out of it, even naked short as the underwriters are allowedto , to suck the retail masses dry of many, many billions of dollars. Probably will end in tears for all the wide eyed FB'ers who buy 100 shares on the open market at $50.
I think Morgan Stanley et al are going to claim "exceptional demand" for the IPO shares of FB, and will end up pricing it in the $42-$44 range. They won't be able to help themselves, the investment banks are greedy pigs. I still think FB will pop up on day one into at least the $50s, regardless of where they price it. The only question I have is, how much are the underwriters going to short it to make a market, or will they just let it fly? It will come back down eventually, but I think it is going to be a screamer for at least a while. Not based on valuation, but on madness of crowds, mania, and overall demand from millions of retail customers who wouldn't know sound valuation analysis if it bit them in the tookus.
A lot of those newly minted dollars are going to chase the Facebook IPO. The stock is going to fly, at least in the short term, regardless of whether it deserves its lofty valuation (unknowable, but my guess is that it doesn't). I subscribed for 1,000 FB shares, and if I get them I plan to flip them pretty quickly.
Ponder The Future Market's Performance And The Apple Bubble [View article]
Not sure if there is a point to this article. Apple might go down in a bear market? Thanks for the warning, but frankly, I'd rather have my 3 minutes back.
Why I 'Liked' Facebook [View article]
BTW, my AAPL position is more than 20x bigger than my little FB allocation.
Why I 'Liked' Facebook [View article]
Facebook IPO: Poster Child For Next Round Of Wall Street Reform [View article]
How The Media Is Wrong About Facebook's IPO [View article]
Apple's Worst Enemy: Apple [View article]
FUDster!
5 Reasons Apple Won't Conquer Enterprise [View article]
The Facebook IPO Whisper Number And Valuation Survey [View article]
Undervalued Picks From A Pro Investor [View article]
The Key To Apple's Undervaluation And Amazon's Overvaluation [View article]
Microsoft Is A Deeply Undervalued Stock At $31 [View article]
Uh, hello -- 2002 called and wants its headline back.
Facebook IPO: Time To Press The 'Like' Button? [View article]
Facebook Will Always Be No. 2 To Google [View article]
How Will The Facebook IPO Perform? [View article]
The 'Push Me Pull You' Market [View article]
Ponder The Future Market's Performance And The Apple Bubble [View article]