Dotcom II?

Dimitri · Super Member Joined: Nov 25, 2005 Posts: 5944

So the over hyped, and over talked about Facebook IPO looks like its tanking faster then one can shake a stick at.

Was opened at $38, first trades were as high as $42, and yesterday it closed at $34, and today its already off to a dismal start at $32.

Maybe we get lucky and Facebook crashes and burns?

Dimitri

DallanC · Site Admin Joined: Jan 18, 2005 Posts: 3571 Location: Utah

I cant imagine anyone actually bought into it. What was the PE again? LMAO...!

A company with really little physical assets is worth more than the Disney empire (includes ESPN & ABC)?

Crazy... crazy crazy crazy. If people have money to just throw away they can always give it to me, I'll do something much more interesting with it than Zuckerman or Bono ever will.

-DallanC

Dimitri · Super Member Joined: Nov 25, 2005 Posts: 5944

The PE ratio is at 105.43 today.

Google who made a ton more profit last year, and has a much higher stock price has a PE ratio of a mere 18.43.

Call me crazy but that is insane.

I hope the bubble bursts sooner then later.

Dimitri

Bushmaster · Posted: Tue May 22, 2012 9:37 am Post subject: Re: Dotcom II?

I hope they have big shorts 'cause that's where they will take it

radar · Posted: Wed May 23, 2012 8:56 pm Post subject: Re: Dotcom II?

I don't think it matters to them, they've got more money than a Bear can S..T. - if this goes to the wall its not them thats going to be smarting its the poor unfortunates who invest their life savings in get rich quick schemes.
Just had a couple of rat bags in NZ get 6 - 7 years jail for huge investment funds that went bust during and after the crashes. These guys have got money stashed away in trust accounts that can't be touched but they used their investors money to life a life style we can only dream about. Hope they become someones man friend on the inside.....

Dawgdad · Posted: Thu May 24, 2012 8:57 am Post subject: Re: Dotcom II?

Just like Beanie Babies - only perceived worth - not a real value at all.

Elvis · Posted: Fri May 25, 2012 3:05 am Post subject: Re: Dotcom II?

I lived through the hell of the 80s with our sharemarket going berserk and sucking in everyone and the rollercoaster of interest rates going through the roof to fund it all and watched friends and family have farms sold from under them, so no way will they get my hard earned money.
serves them right for being greedy, it sounds like some early purchasers are trying to sue now cause it hasnt gone right. tough sh*% get a life.

SingleShotLover · Posted: Fri May 25, 2012 6:17 am Post subject: Re: Dotcom II?

Can anyone say "greedy"? No real difference between what's happening now and the great "Dot-Com bubble burst". I never could see why investing in a company that has no real assets (or in the case of the earlier bubble-burst...nothing but a computer) is such a great idea. Pretty hard to get anything back on a forced sale without assets! As Grandma used to say, "You can't get blood out of a turnip."