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Facebook sets IPO price at $38 a share
Posted by Wooly on 5/17 at 3:42 pm
LINK


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Posted by Chad504boy on 5/17 at 3:44 pm to Wooly
i'm going to sit on the porch and watch this one.


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Posted by Wooly on 5/17 at 3:45 pm to Chad504boy
i know nothing about stocks or anything of the sort... just got this text from usa today.. thought i would share... i dont even know what it means


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Posted by LSUAfro on 5/17 at 3:48 pm to Wooly
quote:

i know nothing about stocks or anything of the sort... just got this text from usa today.. thought i would share... i dont even know what it means

It means I'd feel more comfortable going red or black once this thing is available to the public. It could drop like a bowling ball or just ride up the frenzy train. At least w/ red or black I'd know in less than a minute if I lost my money.



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Posted by Chad504boy on 5/17 at 3:48 pm to Wooly
quote:

i know nothing about stocks or anything of the sort... just got this text from usa today.. thought i would share... i dont even know what it means



it means $38 will quickly become $56 and then quickly be worth $24 and then maybe you end the day with $31.



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Posted by LSUAfro on 5/17 at 3:51 pm to Chad504boy
I think it'll be interesting to see where it'll sit in a month or two. Efficient market at work here. I'm sure it'll be priced appropriately.


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Posted by LSUAlum2001 on 5/17 at 3:56 pm to Wooly
quote:

Facebook sets IPO price at $38 a share


It'll end up crushing that number early and at least doubling, possibly tripling, before settling back down.



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Posted by LSURussian on 5/17 at 3:58 pm to LSUAlum2001
Let's have a contest: At what price will FB close on Friday?

I'll start: $74.63.



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Posted by LSUAlum2001 on 5/17 at 3:59 pm to LSURussian
quote:

I'll start: $74.63.


$81.47



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Posted by LSUAfro on 5/17 at 4:00 pm to LSURussian
I'll go $52.39


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Posted by LSURussian on 5/17 at 4:04 pm to LSUAfro
Check the other thread. I was afraid it would get lost in this thread.

Your prediction has been noted.



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Posted by JG77056 on 5/18 at 3:21 pm to LSURussian
I'll go with 38 bucks.


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