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User no longer registered.
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Did you drink the Kool Aid?
Anybody buy FaceBook stock when it went public? So far, it looks like the only people that made money from it are Zuckerberg and friends. Seems like the media liked it better than Wall Street. Debuted at $38 a share, went up to $45 and closed yesterday at $34. And yes, uncertainty over Greece's debt problems in particular probably factored into it's performance. Its only been available for a few days, but it'll be interesting to see where it goes from here.
Its somewhat reminiscent of AOL in the late 90's and early 2000's. It was valued at around $226 billion in 2001 by 2006, it had fallen to about $20 billion. Nothing wrong with a company being worth $20 billion, but that was one helluva drop!
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| May 22, 2012, 12:14 |
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wandering5tar
53 / male
London, England, UK
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Re: Did you drink the Kool Aid?
Yep. According to the paper, it was the bank who handled the IPO that bought a load of the shares initially so that the IPO wouldn't be seen as a failure! Then as they released them onto the market the price tanked 11%
Good!
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| May 22, 2012, 13:12 |
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User no longer registered.
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Re: Did you drink the Kool Aid?
Figured that was gonna happen. Too much hype for it not to.
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| May 22, 2012, 13:13 |
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onehornee
64 / male
69'sDevine, Michigan, US
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Re: Did you drink the Kool Aid?
nah I hardly log onto FB these days,let alone buy stock in it.Hey wheres the Kool  aid lol
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| May 22, 2012, 13:37 |
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perveman
111 / male
Tucson, Arizona, US
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Re: Did you drink the Kool Aid?
Of course the kool aide is here. My favorite too, orange, add a little vanilla, abbra kaddabra, orange cream. Hmmm.  . Back on topic, I invested in myself, that way the left hand knows..........etc. I invested in a sure thing.
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| May 22, 2012, 14:52 |
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sybianwatcher1
49 / male
Kamloops, British Columbia, Canada
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Re: Did you drink the Kool Aid?
I invest in gold and silver only and have found it to be good to me longterm..,[bought at 850.00 and sold at 1750.00] Facebook may have been good short term,or if you bought early when it was all hype....
but as a cowboy I couldn't let funds go into something I find retarded ,no offense to anyone who uses it.....oh and Kool-aid, I prefer cranberry
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| May 22, 2012, 18:21 |
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User no longer registered.
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Re: Re: Did you drink the Kool Aid?
QUOTE (sybianwatcher1 @ May 22, 2012, 18:21)I invest in gold and silver only and have found it to be good to me longterm..,[bought at 850.00 and sold at 1750.00] Facebook may have been good short term,or if you bought early when it was all hype....
but as a cowboy I couldn't let funds go into something I find retarded ,no offense to anyone who uses it.....oh and Kool-aid, I prefer cranberry
OOOOOOOOOOOOOOOOOOOO, YEAAAAAAAAAAAAAAAAAAAAA
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| May 22, 2012, 19:42 |
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newbie1011
62 / female
The Shore, New Jersey, US
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Re: Did you drink the Kool Aid?
I always said that I wanted one share of certain stocks as they went public Microsoft, Disney and FB. But strictly for fun, not value.Very few really expected FB to do well for many reasons. One question about value was, if its ad based and the studies show that most people that use it rarely if at all click on the ads, then how much growth potential was really there? That is a huge question! Of course the fact the GM pulling all their ads days before trading started on FB didn't help the concerned.
Funny that GM has also pulled their ads from the Superbowl as well sighting the same reason as pulling from FB. Having a backround in TV advertising I can tell you that it is totally different. Advertising in the Superbowl is not the same as other advertising. It is to create interest and talk about your commercial not to expect higher sales like you would expect from your advertising campaign as a whole.There is also the bragging rights type of mentality of the Superbowl ads. "Our ad was voted best or funniest" or " We are playing with the big boys because we payed $3 million for that 30 second spot."
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| May 22, 2012, 20:42 |
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User no longer registered.
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Re: Did you drink the Kool Aid?
Closed today at under $31/share. Now theyre saying that there was an accounting glitch and it shouldnt have opened as high as it did and people are calling for those who invested to sue the NASDAQ. Fasten your seat belts, this ride has just begun.
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| May 22, 2012, 21:12 |
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perveman
111 / male
Tucson, Arizona, US
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Re: Re: Did you drink the Kool Aid?
QUOTE (sybianwatcher1 @ May 22, 2012, 18:21)I invest in gold and silver only and have found it to be good to me longterm..,[bought at 850.00 and sold at 1750.00] Facebook may have been good short term,or if you bought early when it was all hype....
but as a cowboy I couldn't let funds go into something I find retarded ,no offense to anyone who uses it.....oh and Kool-aid, I prefer cranberry
. Cowboys and kool aid. Ah yes. I recall when I lived in Washington, 14 years old, riding on the back of choppers, through the northern mountains, and drinking Cowboy Lemonade. (Vodka mix). Those ppl knew how to PARTY! Ya, I damn sure drank the "kool ade". 
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| May 22, 2012, 21:19 |
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newbie1011
62 / female
The Shore, New Jersey, US
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Re: Did you drink the Kool Aid?
How can they sue? Did someone twist their arms to buy. It's all opinion when they say what something is worth. I don't feel they should be able to sue.That is the way this country is now. If you don't like the fact that you did something stupid sue and blame someone else.
If anyone was paying attention to all the talk about FB, then you would have heard about all the uncertainty and questions regarding the price and about how many shares would or should be sold. The plain fact that there was so much confusion and constant changing of opinions should have been a red flag. This could have gone either way. You know if they made a mistake and undervalued this stock and people made a fortune that people who got the stock at a cheap price would be dancing.A bunch or stupid sore losers if you ask me.If they can't play this game they shouldn't be in it at all.
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| May 23, 2012, 05:44 |
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User no longer registered.
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Re: Did you drink the Kool Aid?
They cann't sue. They all knew the risk going in and the brokers aren't liabel.
Those calling for legal action are probably that lost thier ass with the "dot coms"
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| May 23, 2012, 10:43 |
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User no longer registered.
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Re: Did you drink the Kool Aid?
The report I saw was that investors wanted to pursue all options to recoup the losses they incurred, based on misinformation that was given prior to the purchase.
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| May 23, 2012, 12:17 |
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User no longer registered.
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Re: Did you drink the Kool Aid?
Maybe the Feds should look into insider trading------------
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| May 23, 2012, 13:12 |
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User no longer registered.
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Re: Did you drink the Kool Aid?
The Fed IS looking into the initial offering of Facebook. 
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| May 23, 2012, 14:03 |
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User no longer registered.
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Re: Did you drink the Kool Aid?
Yes Sir. And Morgan Stanley's role in it.
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| May 23, 2012, 14:22 |
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User no longer registered.
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Re: Re: Did you drink the Kool Aid?
QUOTE (freensleazy @ May 23, 2012, 14:22)Yes Sir. And Morgan Stanley's role in it.
Big suprize--huh
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| May 23, 2012, 15:16 |
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User no longer registered.
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Re: Did you drink the Kool Aid?
If it walks like a duck...........
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| May 23, 2012, 15:33 |
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newbie1011
62 / female
The Shore, New Jersey, US
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Re: Did you drink the Kool Aid?
I think the only way they could win this is if they could prove they INTENTIONALLY or THEY WERE NEGLIGENT and misled the public.They can't sue for stupidity. If they could they courts would be overwhelmed. OH Wait they are!
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| May 23, 2012, 19:00 |
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User no longer registered.
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Re: Re: Did you drink the Kool Aid?
QUOTE (newbie1011 @ May 23, 2012, 19:00)I think the only way they could win this is if they could prove they INTENTIONALLY or THEY WERE NEGLIGENT and misled the public.They can't sue for stupidity. If they could they courts would be overwhelmed. OH Wait they are!
----------and that's why I like people who claim they are infinately smarter than myself.
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| May 23, 2012, 20:13 |
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User no longer registered.
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Re: Did you drink the Kool Aid?
Sleazy lawyers ALWAYS find a way to win!
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| May 24, 2012, 01:25 |
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sybianwatcher1
49 / male
Kamloops, British Columbia, Canada
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Re: Re: Did you drink the Kool Aid?
QUOTE (freensleazy @ May 24, 2012, 01:25)Sleazy lawyers ALWAYS find a way to win!
Thats why the word lawyer sounds so close to the word liar
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| May 24, 2012, 02:38 |
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GG317
60 / male
Bowl of Granola, Massachusetts, US
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Re: Did you drink the Kool Aid?
In the immortal words of Socrates; "I drank what?!"... 
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| May 24, 2012, 05:23 |
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newbie1011
62 / female
The Shore, New Jersey, US
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Re: Did you drink the Kool Aid?
It seems the issue is that they claim only the "Elite 1%" were told the real truth and that's why they are suing. Now all the sleazy lawyers are lining up to take whatever cash there is to be made from this. Win or loose the only winners are always the lawyers.
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| May 24, 2012, 06:17 |
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wandering5tar
53 / male
London, England, UK
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Re: Did you drink the Kool Aid?
Q : If you have a lawyer up to his neck in sand, what have you got?
A : Not enough sand
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| May 24, 2012, 07:29 |
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User no longer registered.
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Re: Did you drink the Kool Aid?
The Today show had a sign on a "wall" while discuassing this with two people this am. It said, "unfriending Facebook" 
I think this goes to prove that no matter what thee rules or regualtions are, Wall Street people wil do what they want.
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| May 24, 2012, 12:26 |
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GG317
60 / male
Bowl of Granola, Massachusetts, US
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Re: Re: Did you drink the Kool Aid?
QUOTE (newbie1011 @ May 24, 2012, 06:17)It seems the issue is that they claim only the "Elite 1%" were told the real truth and that's why they are suing. Now all the sleazy lawyers are lining up to take whatever cash there is to be made from this. Win or loose the only winners are always the lawyers.
I love class action lawsuits. I get into a lot of them. I'm waiting for the day when the lawyers lose so bad that I receive a monetary bill for my part in the suit... 
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| May 24, 2012, 13:50 |
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perveman
111 / male
Tucson, Arizona, US
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Re: Re: Did you drink the Kool Aid?
QUOTE (freensleazy @ May 24, 2012, 01:25)Sleazy lawyers ALWAYS find a way to win!
. They are at the top of my defense list.
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| May 24, 2012, 14:08 |
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onehornee
64 / male
69'sDevine, Michigan, US
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Re: Re: Re: Did you drink the Kool Aid?
QUOTE (perveman @ May 24, 2012, 14:08) QUOTE (freensleazy @ May 24, 2012, 01:25)Sleazy lawyers ALWAYS find a way to win! . They are at the top of my defense list.
lmfao perve
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| May 24, 2012, 18:12 |
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ashkats
65 / couple
crystal falls, Michigan, US
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Re: Did you drink the Kool Aid?
i cant have kool aid, Male mine Crystal lite
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| May 25, 2012, 00:36 |
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Iwant2kssuallovr
62 / female
Bendover, Florida, US
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Re: Did you drink the Kool Aid?
Do you drink the Kool Aid??
Yes, with vodka.
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| May 25, 2012, 22:17 |
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onehornee
64 / male
69'sDevine, Michigan, US
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Re: Re: Did you drink the Kool Aid?
QUOTE (Iwant2kssuallovr @ May 25, 2012, 22:17)
Do you drink the Kool Aid??
Yes, with vodka.
yuck ,never could drink sweet boozey stuff.I guess your koolaid is safe
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| May 26, 2012, 11:24 |
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perveman
111 / male
Tucson, Arizona, US
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Re: Did you drink the Kool Aid?
Honestly, compared to my past imbibing, I am a regular tea toddler, ir hiwever ya say it. I always prefered to mix my booze with saliva. Sad huh?
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| May 26, 2012, 12:05 |
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onehornee
64 / male
69'sDevine, Michigan, US
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Re: Re: Did you drink the Kool Aid?
QUOTE (perveman @ May 26, 2012, 12:05)Honestly, compared to my past imbibing, I am a regular tea toddler, ir hiwever ya say it. I always prefered to mix my booze with saliva. Sad huh?
not in the least perve, i love my crown black straight up,not even on the rocks.sometimes If theres only half a bottle left i just drink outta the bottle till its gone, hmmmm i need a new bottle Thanks perve, now I gotta run to town lol
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| May 26, 2012, 12:58 |
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perveman
111 / male
Tucson, Arizona, US
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Re: Did you drink the Kool Aid?
Never needed a glass for my whiskey either. Now, maybe will have a few shooters, 2 to 3 times around bed time, and my happy ass just goes to sleep. Its a good balance, as some know here, although retired, I have other responsibilities now. Change of life plans, gonna die on the job at home, rather than keeling over elsewhere.
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| May 26, 2012, 13:15 |
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onehornee
64 / male
69'sDevine, Michigan, US
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Re: Re: Did you drink the Kool Aid?
QUOTE (perveman @ May 26, 2012, 13:15)Never needed a glass for my whiskey either. Now, maybe will have a few shooters, 2 to 3 times around bed time, and my happy ass just goes to sleep. Its a good balance, as some know here, although retired, I have other responsibilities now. Change of life plans, gonna die on the job at home, rather than keeling over elsewhere.
Its better to burn out/Than fade away perve lol
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| May 26, 2012, 13:42 |
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perveman
111 / male
Tucson, Arizona, US
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Re: Did you drink the Kool Aid?
I know a little about buning out, lol. Do it all the time.
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| May 26, 2012, 13:48 |
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ashkats
65 / couple
crystal falls, Michigan, US
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Re: Did you drink the Kool Aid?
i remember them old day We use to mix it with lemonade ...the shit we use to drink vodka with.
but i still do like my whiskey and mountain dew
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| May 26, 2012, 15:34 |
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perveman
111 / male
Tucson, Arizona, US
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Re: Did you drink the Kool Aid?
Have to eat crow now, One Ash, and I are here this weekend so far. I have only been wrong once before. Thoght I made a mistake, and did not, I was wrong.  . Hey, I just noticed, after all this time, my halo....I mean the angel critters halo, goes up and down. Looks as though, the ole perve needs a life. I can buy one, cash only.
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| May 26, 2012, 15:46 |
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sybianwatcher1
49 / male
Kamloops, British Columbia, Canada
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Re: Re: Did you drink the Kool Aid?
QUOTE (perveman @ May 26, 2012, 12:05)Honestly, compared to my past imbibing, I am a regular tea toddler, ir hiwever ya say it. I always prefered to mix my booze with saliva. Sad huh?
now thats a good one!
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| May 26, 2012, 19:39 |
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User no longer registered.
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Re: Did you drink the Kool Aid?
One place downgraded the stock and recommended sell at $25 per share.
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| June 4, 2012, 23:43 |
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User no longer registered.
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Re: Re: Did you drink the Kool Aid?
QUOTE (OOMG @ June 4, 2012, 23:43)One place downgraded the stock and recommended sell at $25 per share.
I heard that too, although I think what I heard was $20-$22. I havent paid attention to it in a few days, but some are saying that it is quite possibly the worst IPO in history
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| June 5, 2012, 13:15 |
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