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DrEntropy said:my fave bubble-head said:Some pundits are saying to buy now. Others say we haven't even come close to bottom.
It's all gambling. Pick yer ~point~ an' jump!![]()
In or off,Doc?

Stuart.

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smilie in place of the real @
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DrEntropy said:my fave bubble-head said:Some pundits are saying to buy now. Others say we haven't even come close to bottom.
It's all gambling. Pick yer ~point~ an' jump!![]()


DrEntropy said:Well, BOTH, Stu!
geez, I gotta 'splain <span style="font-style: italic">everything</span>?![]()


TOC said:Official NASDAQ opening bid was $42/share of misery.
Reality was $38 before they could get anybody to buy it.
Right now at $21, so ostensibly we are at a 50% loss from the opening gambit if $42.
coldplugs said:But doesn't Facebook itself end up with a ton a cash nevertheless?
TOC said:Last I heard, renouncing citizenship doesn't get you off the hook with the IRS, 15% of their fair market value of assets:
https://www.nypost.com/p/news/business/more_citizens_vote_with_their_feet_CTshpQumBXMZmUXsfw6OTM
Basil said:Continued to crater today. Down .83 to below $21. Maybe they should change their name from Facebook to:
![]()
TOC said:Morgan Stanley cut their value to $32 for the one-year. That of course is a guess, but it means anyone who bought in at the $38 IPO loses money still in a year. Zook has pledged not to sell any of his stock for a year.
The big deal was supposed to be mobile....yet, the software released 23AUG12 doesn't allow for the mass quantities of ads FB and Zook and Morgan Stanley and NASDAQ were counting on.
Free fall is what it still is.
When it hits $8, it's a buy!