The Facebook IPO

[TradersBASE]

@cougarspeed

If this gets cheap enough I will buy some for the hell of it. Cash rich companies can typically do something to make investors happy enough to see a pop(not necessarily sustained) and make a good trade.

I’m wondering if it will hit $10ish. What’s the range you’re looking for to enter for a value play?

[cougarspeed]

Not too sure. I mean if it doesn’t get back on track to being an overhyped tech stock it could fall a long way lol. With no real technical range I would say at $15 I would be willing to “play the odds” for a 10% in and out

[boxxa]

@cougarspeed

If this gets cheap enough I will buy some for the hell of it. Cash rich companies can typically do something to make investors happy enough to see a pop(not necessarily sustained) and make a good trade.

@cougarspeed

Not too sure. I mean if it doesn’t get back on track to being an overhyped tech stock it could fall a long way lol. With no real technical range I would say at $15 I would be willing to “play the odds” for a 10% in and out

I have a pending order if it hits 16 dollars a share. They have a ton of cash and users. I am willing to bet they will figure something out until there is another competitor. If Google tried to launch something and didn’t even make a mark in their user share, then I would stay with them as a viable company that can do some things.