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Although I'm generally a market bear and have been saying we're in a bubble for months, even I'm having a hard time seeing how there isn't going to be an almigh
by corford 14y ago
Although I'm generally a market bear and have been saying we're in a bubble for months, even I'm having a hard time seeing how there isn't going to be an almighty pop today given the sheer amount of irrational exuberance over this.
My bet is FB closes somewhere between $55 and $65. Anyone else fancy making a prediction?
[ edit: stuck an upper limit on my prediction to make it more interesting :) ]
- deleted 14y ago[deleted]
- pilom 14y agoMy bet is it closes somewhere between $35 and $45. The owners pushed back against the bankers at every turn to push for a higher price. If they don't price at the start of the day effectively, the original shareholders lose money to the bankers who set up the IPO like what happened to LinkedIn.
- corford 14y agoThat's a good point I hadn't considered. As it looks at the moment, I'm glad I stuck to arm chair punditory (if that's even a word!) and didn't buy any shares...