They have good and popular web product and like eBay they going to survive. However, this is all the have. Over all the years of their existence they have not produced anything new... take Goog and Apple, they are constantly working on something new. Respectfully they are constantly growing.... FB, after all the noise, will find its true price on the market and will range around it. Unless, they invent something new...
i'm surprised fb isn't taking a beating yet. lockup release is right around the corner. tempted to short...
I decided to open an anonymous Facebook page, just to see what it's all about. And I notice there is no Regular advertising, like you see on most web pages. I suppose as a last resort, Facebook could allow advertisers on these pages, to generate income. But you could lose a lot of accounts doing that, but many would still stay. And, from what I read, the trend is many people are going Mobile. marc
they report next tues I think. Maybe they will lift it into earnings. No real big sellers on the Oct lockup ..so far. Maybe after earnings.
I had to take a little heat on it, but feel a lot better now. i'm thinking long term on FB, i like the focus on mobile. i know the lock-up will bring headwinds, but Zuckerberg and some other BOD members publicly stated that they will not sell any shares until next year, one year after lock-up. Employees will probably dump, but Zuck and BOD have a lot and they are holding. I also think many of those shares getting sold will be absorbed by HFs.
the first time it jumps, sell, still long-tern down trend. I bought 25/24.5put after the earning jump. faded the move, it works. wall street is full of traps.
Bet on one of the worst performing IPOs of all-time? No thanks. However, as Facebook grows it's virtual currency the less it will rely primarily on advertising. Over half of social gamers play games on Facebook, in numbers, that's around 300 million active gamers each month. As the game developers make virtual goodies more attractive, I think we'll see more than the current 20% of people who have purchased them. Plus, online gambling getting in on the action is imminent (makes $30 billion per month), this could be a great pairing of Facebook (who have the people) and online gambling (who have the money). I have this ironic bet on Facebook, which this thread reminds me of. It's an actual bet on the Facebook shares falling every day via the Facebook game Bookie Mania. I'm winning on that everyday...Pity it's virtual!
Again, there is not enough history on carts to perform any liable TA... There are thousands of other stocks, so, why to bother by FB (my kids use this abbreviation as bad female dog )