Quote:
Originally Posted by 96z28ss
Facebook,
Greg you have stated before to keep things simple. You used your Apple visit to the mall senario,and it prompted you to look into it and purchase it. You have had a nice ride up.
Now wouldn't you use that same thinking in Facebook. Everyone but you (and a few) are on it. I'd say about 80% of the vendors on this message board are on it. Its another way of advertising. They currently generate income from advertising and social games.
Looking back at google as an example it started at under $100 its now $585
It does have its wild rides but how about the long term?
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RE: FACEBOOK
I just left my local Schwab office.... where -- sorry to say -- I get some preferential treatment as a large account type customer... so after we do some "bidnezz"... we start talking about Faceybook and they'll allocate 100 shares to me -- and as over subscribed as it is now - I might get "50"...
Oversubscribed means -- more people want in than want to sell... So if Faceybook issues 100 shares total -- there's people lined up to buy 300 shares -- thus "oversubscribed".
My VP guy wants to buy it for his kids account.... but his take is -- he's going to wait for the first big drop...
So here's my "take" - which I've discussed above... it's gambling - for those that want to take the risk -- I say -- you're all adults -- JUST DO IT! Me? I'll see what it does and tip toe into it... and even tip toeing into it -- it will be a very very very small % of my investable funds. I'm not AGAINST investing in these -- it's more about "at what price" and how much. With "seasoning" (age) comes a certain outlook on life and I don't have to jump into the fray == I prefer standing on the outside and picking around the edges...
RE: APPLE
COMPLETELY DIFFERENT ANIMAL HERE! COMPLETELY!
Apple was a public company for a very long time -- that had it not been for Bill Gates bailing their sorry asses out - would have been long gone....
When I was seeing the line at the mall -- THE STOCK -- was not up (@ $85ish) so we had not yet seen the real rise yet. The STOCK was not in demand YET.... so I was EARLY.
FACEBOOK is going to come out of the gate in HIGH DEMAND... Which equates to a high price (given all the metrics of P/E and blah blah blah) so does it RISE from here or come back to earth? We just do not know. But it was, and is, a very good comparison Bob with your statement about "everyone" is using it and wants it!