facebook IPO 18th May Predictions

This is a discussion on facebook IPO 18th May Predictions within the General Trading Chat forums, part of the Reception category; Originally Posted by eighteen im in on the same position except i went short at 3007. :P target is the ...

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Old May 29, 2012, 5:53pm   #176
 
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Re: facebook IPO 18th May Predictions

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Originally Posted by eighteen View Post
im in on the same position except i went short at 3007. :P target is the same too.

Good move Eighteen, let's see how it pans out.

There are big players manipulating the price in FB imo so beware of sudden BS news by analysts who'll attempt to talk up the price or take out stops.

Facebook Shares Slump Below $30 as Options Trading Starts - Bloomberg

My objective is to simply keep shorting this stock and the rises untill the Fundamental economics re: the viability of the business model makes sense and we see some proper earnings.
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Old May 29, 2012, 6:14pm   #177
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Re: facebook IPO 18th May Predictions

i really think it is a great short, its still way over valued, analysts will try to save there skin for the time being, the valuation is based on alchemy its a tech stock, tech stocks deserve mega high valuations... yeah right..
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Old May 29, 2012, 7:13pm   #178
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Re: facebook IPO 18th May Predictions

Although we all look at FB and come to the conclusion that it's completely overvalued, I reckon there will be some serious attempts to engineer spikes before long.
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Old May 29, 2012, 7:14pm   #179
 
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Re: facebook IPO 18th May Predictions

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.................and we see some proper earnings.............
? You don't believe they made $2billion for 2011 then.
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Thanks! The following members like this post: scose-no-doubt
Old May 29, 2012, 8:06pm   #180
 
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Re: facebook IPO 18th May Predictions

Still even at 15x on 3 billion gives a MCap of 60. Where are we now?
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Old May 29, 2012, 8:16pm   #181
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Re: facebook IPO 18th May Predictions

61.8b mcap
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Old May 29, 2012, 9:22pm   #182
 
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Re: facebook IPO 18th May Predictions

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Originally Posted by barjon View Post
? You don't believe they made $2billion for 2011 then.
Do you? Numbers don't add up to me. Either price is OT or earnings out of kilter.


1. FB net income is @ $700m

2. Compare that to Google's net income @ $2.7bn

3. Now compare to an existing productive company of my choice Corning Inc with tangible products and glowing future GLW.

Corning Inc net income @ $500m, PE @ 8 and ... + dividends @ 2.3%,


....................................Net Income $bn 0.7 : 2.7 : 0.5
4. Now compare P/E ratios FB:Google:GLW === 63 : 18 : 8



So is it the price or earnings???
A. FB pricing inconsistent to peer ie Google
B. FB price no comparison to regular technology industry player ie Corning


FB GOOGLE GLW
Current P/E Ratio (ttm) 63.1087 17.9767 8.071
Estimated P/E (12/2012) 52.686 13.6204 9.6423
Earnings Per Share (USD) (ttm) 0.46 32.98 1.62
Est. EPS (USD) (12/2012) 0.551 43.528 1.356
Market Cap (M USD) 69,049.08 193,185.22 19,842.52
Dividend Indicated Gross Yield 0 0 2.2945

Spot the white elephant in the room?

I find it difficult to believe people buy this kind of nonsense to be honest.


PS. Sorry guys but tabulation gets removed. I'm sure you can work it out.
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