Red Ring Tupperware Party, Farewell to Tuesdays (22)

Timphoto wrote in post #14902140
Don't get me wrong, I read the WSJ everyday, but unless there's something in there that could be adverse to any of my positions, I don't spend a lot of time counting gains or losses.

OTOH, I do have a bet going with a friend regarding HPQ and FB's race to bottom and where they'll be by the end of 2012. The loser gets to buy dinner for 4 in the City in January 2013.

Yeah.. I'm normally on my Ameritrade account looking at news so all of my positions are right on the homepage. I'm in all the stocks I have for a reason and for the long term so I'm not doing anything with them, it's more just curiosity and watching the market move. I was watching it a bit more before as I still had cash in my account I needed invested so I was just see what I wanted to buy.


Yeah, we watch the stocks we have and then a few other random ones just for the fun of it. It's been a good learning experience too, you'll read an article about one of the stocks or something, like there was an article about Ruger being undersold so it just encourages learning and trying to figure out exactly why that's happening and what it fully means. I mean I'm young, I'm only 24 and despite being a finance major I learned very little about this stuff, and he's a finance major too but hasn't graduated yet so it's led to some good discussions.

HPQ is currently trading lower, FB seems to have leveled off at $19, it's going to be interesting when the next wave of restricted FB stock hits the street.

Timphoto wrote in post #14902181
HPQ is currently trading lower, FB seems to have leveled off at $19, it's going to be interesting when the next wave of restricted FB stock hits the street.

FB got lucky because they were cleared to finish off the Instagram purchase so that slowed them down and actually gave them a little boost earlier this week.

HP is just terrible. Nvidia did recover today after being dragged down yesterday because of HP though, that was good for me.

I'd say FB too. ESP when people realise it is a pile of crap - both stock market wise and literally so.

One of those fad things.

When you think that Facebook's profits are based on advertising - which in turn is based on the number of users... I don't see a mass increase in users.

HP had a downfall of 7% fewer PC sales and an $8bn write off hence their blip, but at least hey could bring out more services and newer products to stabilise and possibly increase their share price for the interim period.

Even FB's own director sold 20m shares at $36-8 a piece and last week sold another 20m shares at $18 a piece...

You don't see or hear about HP's execs selling up

Harm wrote in post #14902223
When you think that Facebook's profits are based on advertising - which in turn is based on the number of users... I don't see a mass increase in users.

HP had a downfall of 7% fewer PC sales and an $8bn write off hence their blip, but at least hey could bring out more services and newer products to stabilise and possibly increase their share price for the interim period.

Even FB's own director sold 20m shares at $36-8 a piece and last week sold another 20m shares at $18 a piece...

You don't see or hear about HP's execs selling up

Well and HP actually has a real value and real assets... FB doesn't...

That and FB's employees will keep selling, most of them just can't sell a majority of their shares right now and that's the only thing holding them back.

True, very true.

*YAWN*

Jill-of-all-Trades wrote in post #14902244
*YAWN*

WAKE UP!!!

Harm wrote in post #14902239
True, very true.

I will say I wish I was into short sales. Some people made a killing on FB.

Facebook is here to stay....until something better comes along. People like to be connected and it currently provides the best avenue for that. The stock was way over-valued at the IPO. $15-20 a share would have been far more realistic and would have done better for everyone involved.....with the exception of Zuckerberg and a few others in the inner circle.

HP's survival depends on the PC market. Everyone seems to think that the PC is going to be the next dinosaur, but I am not convinced. Not everyone is content to try to edit photos or do other intensive tasks on a tiny tablet with limited functionality. Creative people are always going to drive a market for powerful tech gear. Sure, my smartphone is pretty impressive and has more oomph than my earliest PCs.....but it still lacks a lot of the functionality.....and even with one of the largest screens offered on a phone, it still sucks for doing more than casual browsing of the web.

Yup, just think or all those people who made a mega fortune from short selling Lehmann Bros and Goldman Sachs...

I'm starting Chetbook in a couple weeks. I expect to overtake fb by Christmas.

But Dan, people will come up with bigger and better systems that will outclass FB, ESP when it comes to a tablet market that will really take off in te nex year or so. I expect FB numbers to be stable or go down with bigger competition.

HP is already established in a saturated market. All they have to do is come out with a nice Mac Air or iPad rival and they could make a decent profit - what can FB do now that they don't already do but potentially could do?

Chet wrote in post #14902287
I'm starting Chetbook in a couple weeks. I expect to overtake fb by Christmas.

I would short sell Chetbook within seconds!