Should I get in on it? I'm kicking myself for not buying Facebook when it crashed shortly after its IPO...it was such an obvious gimme at that price. Should I:
a) buy stock right at the IPO
b) wait a bit and see if it drops hard immediately post-IPO
tough call...its smaller and more conservative than facebooks IPO..I think theyr're valued at 10 times forward revenue and as of now not profitable where facebook valued itself at about 20 x...I'm not touching it but if you do, good luck..let us know what happens
doug rr wrote:tough call...its smaller and more conservative than facebooks IPO..I think theyr're valued at 10 times forward revenue and as of now not profitable where facebook valued itself at about 20 x...I'm not touching it but if you do, good luck..let us know what happens
I don't claim to be in-the-know here, but is any of this actually relevant anymore? I appears to be investor momentum that drives swings stock price changes, not long term finances like it was pre-DotCom Bublé.
doug rr wrote:tough call...its smaller and more conservative than facebooks IPO..I think theyr're valued at 10 times forward revenue and as of now not profitable where facebook valued itself at about 20 x...I'm not touching it but if you do, good luck..let us know what happens
I don't claim to be in-the-know here, but is any of this actually relevant anymore? I appears to be investor momentum that drives swings stock price changes, not long term finances like it was pre-DotCom Bublé.
It's only true for a handful of stocks most of the market trades based on actual finances. The market is not in a bubble, it's trading at about 16x earnings which is the historical average. You could make an argument about the quality of earnings now versus history though. I think sooner or later if the economy doesn't pick up, companies will only being able to cut expenses so much before earnings slide. Revenue is only growing in single digits.
doug rr wrote:looks like they're getting a little greedy now...was going to price 17-20 but at the end of the bell today they'll probably price around 27
Only in media-land could a company IPO and leave $1.4B on the table be considered a huge success. This thing was clearly mis-priced and I'd be pissed if I were Twitter.
sorry, just saw this..I figured some people would make more money shorting this stock and "betting" it will go much lower..which is now starting to happen..its sitting now at about 41.30...same shit always happens with a over hyped IPO...its way over priced