Author |
Message |
JamesGifford
PITA Bred
Joined: Wed Apr 09, 2008 12:17 pm Posts: 2402 Location: The Quiet Earth
|
FACE it
_________________ "Hier stehe ich. Ich kann nicht anders." - Luther In the end, I found Heinlein is finite. Thus, finite analysis is needed.
|
Mon May 21, 2012 2:44 pm |
|
|
PeterScott
Heinlein Nexus
Joined: Thu Apr 10, 2008 8:10 am Posts: 2236 Location: Pacific NorthWest
|
Re: FACE it
You're so facetious.
|
Mon May 21, 2012 5:34 pm |
|
|
JamesGifford
PITA Bred
Joined: Wed Apr 09, 2008 12:17 pm Posts: 2402 Location: The Quiet Earth
|
Re: FACE it
It's hard to be otherwise when talking about Farcebook. Everyone who thinks it's going to turn into something wonderful, mo' bettah and irreplaceable because piece of paper were printed reading SHARE... raise your hands.
(Counts.) Ah, you bought those pieces of paper, didn't you?
Sell you a lovely frame? Oh, never mind, you already bought one.
I note the consensus reason for the tepid share performance is because the stockholders now want FB to actually, you know, DO something. Good luck with that...
|
Tue May 22, 2012 9:28 am |
|
|
sakeneko
Joined: Tue Dec 02, 2008 8:22 am Posts: 603 Location: Reno, NV
|
Re: FACE it
Yeah. Most networking security geeks loathe Facebook because of its poor security and privacy practices. As somebody said a year ago, "Facebook. It's like the Wikileaks for your personal life." I wouldn't have bought Facebook stock if I did play around on the market simply because I don't use it and don't like the product. But that statement probably proves that I'm *NOT* a much of an investor more than that I'm right about Facebook. I do know that my mother, who is an excellent investor, would have recommended against buying Facebook stock because investing in IPOs for tech stocks is highly risky because of the hype. At least nine times out of ten, you'll get a better deal a few months later, after the hype dies down. My own experience in twenty years of working in the Tech industry in Silicon Valley tells me that the way to invest in startups is to go to work for a good one when they're tiny, get a bunch of stock options, and then be one of the sellers when the IPO hits instead of a buyer. But I wouldn't have gone for Facebook either way.
_________________ Catherine Jefferson <ctiydspmrz@ergosphere.net> Home Page: http://www.ergosphere.net
|
Tue May 22, 2012 8:48 pm |
|
|
PeterScott
Heinlein Nexus
Joined: Thu Apr 10, 2008 8:10 am Posts: 2236 Location: Pacific NorthWest
|
Re: FACE it
Facebook looked like a bad bet because I'm a contrarian investor and I turned out to be right.
Unfortunately for the same reasoning I decided not to buy Google at IPO...
|
Tue May 22, 2012 9:39 pm |
|
|
sakeneko
Joined: Tue Dec 02, 2008 8:22 am Posts: 603 Location: Reno, NV
|
Re: FACE it
Nine times out of ten isn't ten times out of ten, more's the pity. If I'd *worked* for Google in 1998 or 1999, then I'd be a Google investor. By the time stock was available on the market, it was too rich for my blood. But it's a good company, and I *do* use their flagship search engine and several of their products.
_________________ Catherine Jefferson <ctiydspmrz@ergosphere.net> Home Page: http://www.ergosphere.net
|
Wed May 23, 2012 4:55 pm |
|
|
holmesiv
Joined: Mon Feb 28, 2011 9:53 am Posts: 555
|
Re: FACE it
|
Fri May 25, 2012 5:05 pm |
|
|
PeterScott
Heinlein Nexus
Joined: Thu Apr 10, 2008 8:10 am Posts: 2236 Location: Pacific NorthWest
|
Re: FACE it
|
Fri May 25, 2012 8:04 pm |
|
|
JamesGifford
PITA Bred
Joined: Wed Apr 09, 2008 12:17 pm Posts: 2402 Location: The Quiet Earth
|
Re: FACE it
But... but... but... but... FB has twenty billion users! It's a sure thing! They all say so!
|
Sat May 26, 2012 6:05 am |
|
|
sakeneko
Joined: Tue Dec 02, 2008 8:22 am Posts: 603 Location: Reno, NV
|
Re: FACE it
I know, Jim. I'm having flashbacks to the 2000 .COM bust myself. <wry grin>
_________________ Catherine Jefferson <ctiydspmrz@ergosphere.net> Home Page: http://www.ergosphere.net
|
Mon May 28, 2012 7:12 pm |
|
|
JamesGifford
PITA Bred
Joined: Wed Apr 09, 2008 12:17 pm Posts: 2402 Location: The Quiet Earth
|
Re: FACE it
Oh, I'm thinking more of the housing price bubble, where even as the crumble started and you could see in between the component molecules of the balloon's skin, the profets were shouting that the rise had only just begun. How could so many loud voices be, you know, wrong?
I throw a little at speculative stocks for various reasons. Done well so far. I have one just about to ripen; I didn't invest because I believe in the company or product, but I believe hysteria will spike the share value, at which point I will dump it and move on.
FB never had a chance. Not a chance. I think it's going to go down as a Dolly Parton.
You know, a bust of legendary scale.
|
Tue May 29, 2012 4:44 am |
|
|
PeterScott
Heinlein Nexus
Joined: Thu Apr 10, 2008 8:10 am Posts: 2236 Location: Pacific NorthWest
|
Re: FACE it
|
Sat Aug 04, 2012 3:35 pm |
|
|
sakeneko
Joined: Tue Dec 02, 2008 8:22 am Posts: 603 Location: Reno, NV
|
Re: FACE it
_________________ Catherine Jefferson <ctiydspmrz@ergosphere.net> Home Page: http://www.ergosphere.net
|
Sun Aug 05, 2012 8:58 pm |
|
|