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Chiprocks1

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All Things Money
« on: May 22, 2012, 07:49:58 am »
Post anything relating to the evil that is money, be it investment opportunities, stocks, bonds, counterfeits and monopoly money if need be.
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Chiprocks1

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Re: All Things Money
« Reply #1 on: May 22, 2012, 07:50:26 am »
Facebook shares fall far, fast: Why?

http://www.youtube.com/watch?v=01yhKOdX5R8

Chip's Rockin' Art
Michael Scott To Meredith: "You've slept with so many men, your starting to look like one. BOOM! Roasted! Go here.

Mac

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Re: All Things Money
« Reply #2 on: May 22, 2012, 09:15:47 am »
Not surprised in the very least. Iím not a day trader, but do try to watch finances and Iím interested in the good and bad of investments. I try to learn from it all.

Facebook doesnít make sense to me as an IPO. What is it? There is no product. What are you buying? I do understand how big Facebook is and its importance and position at this time. Facebook I think comes in as a volatile company. With volatility comes uncertainty. I think itís very easy to imagine Facebook getting replaced by something else in the future.  These kinds of so-called Ďproductsí come and go to easy.

Maybe you see Iím a tad conservative with my thoughts on finance. I have to beÖ at my age.

Good thread
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Chiprocks1

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Re: All Things Money
« Reply #3 on: May 22, 2012, 09:37:22 am »
I initially thought about investing a little pocket change in FB, but in the end it didn't make any sense at all because as you pointed out, the shelf life for the company will dry up pretty fast. Think about it. First it was Myspace, then Twitter, then Facebook and now it seems to be Tumblr. All of these will be in the dust bin within a couple of years if not sooner, being replaced by something that has yet to be invented.

As for the steep drop in FB stock, I'm not surprised one bit. Everyone that became an instant millionaire was smart to cash out now when it would be at it's peak financially. This isn't G&E or IBM where it's gonna have legs to go the distance.
Chip's Rockin' Art
Michael Scott To Meredith: "You've slept with so many men, your starting to look like one. BOOM! Roasted! Go here.

Mac

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Re: All Things Money
« Reply #4 on: May 22, 2012, 09:40:43 am »
Right, thus all the discussion from the experts on valuating it so high. WTF... all hype.
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Chiprocks1

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Re: All Things Money
« Reply #5 on: May 23, 2012, 08:43:23 am »
Investors File Lawsuit Against Facebook, Underwriters

http://www.youtube.com/watch?v=OdTxQIHEu94

Not good. This is gonna get ugly.
Chip's Rockin' Art
Michael Scott To Meredith: "You've slept with so many men, your starting to look like one. BOOM! Roasted! Go here.

Mac

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Re: All Things Money
« Reply #6 on: May 23, 2012, 08:48:06 am »
Duh, there's huge sums of money here. Attracting lawyers to this like flys to s hit
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Chiprocks1

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Re: All Things Money
« Reply #7 on: May 23, 2012, 08:51:42 am »
I'm shocked that Gloria Allred hasn't tried to make the facebook debacle about sexual harassment yet. She's the biggest opportunist there is.
Chip's Rockin' Art
Michael Scott To Meredith: "You've slept with so many men, your starting to look like one. BOOM! Roasted! Go here.

Mac

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Re: All Things Money
« Reply #8 on: May 23, 2012, 09:27:26 am »
I imagine Zuckerberg is kicking himself silly about now

"Why did I go public.... why, why, why?"
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Chiprocks1

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Re: All Things Money
« Reply #9 on: May 23, 2012, 09:29:47 am »
I imagine Zuckerberg is kicking himself silly about now

"Why did I buy Instagram?.... why, why, why?"

Fixed for ya.

Dumbest acquisition ever!
Chip's Rockin' Art
Michael Scott To Meredith: "You've slept with so many men, your starting to look like one. BOOM! Roasted! Go here.

Mac

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Re: All Things Money
« Reply #10 on: May 23, 2012, 09:36:52 am »
Quote
Fixed for ya.

Dumbest acquisition ever!

Sorry, I don't know what your saying or what Instagram is.
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Chiprocks1

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Re: All Things Money
« Reply #11 on: May 23, 2012, 09:39:25 am »
He paid $1 Billion for it, which is an Photo Filter App. I think he overpaid for it by 7 zero's.
Chip's Rockin' Art
Michael Scott To Meredith: "You've slept with so many men, your starting to look like one. BOOM! Roasted! Go here.

Mac

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Re: All Things Money
« Reply #12 on: May 23, 2012, 09:42:23 am »
Good lord
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Mac

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Re: All Things Money
« Reply #13 on: May 24, 2012, 09:38:47 am »
One in three mortgage holders still underwater

Now this pisses me off. We are in this category. We are paying on a loan that's valued more than the house. I don't get it. How'd this happen? We are stuck to stay in the house until things stabilize and we get to that balance point of not losing money.

Thus our thinking also limits our spending in many other ways.

Until we see consumer confidence improve, we (America) will stay in this stagnate position for quite some time.
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Chiprocks1

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Re: All Things Money
« Reply #14 on: May 24, 2012, 08:44:13 pm »
SmartMoney: Beware the Dividend Fakers

http://www.youtube.com/watch?v=rDAfMN9DXA0
Chip's Rockin' Art
Michael Scott To Meredith: "You've slept with so many men, your starting to look like one. BOOM! Roasted! Go here.

 

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