OT: It’s show time boys and girls….Facebook????

[Coronita]

Get ready for .com 3.0 🙂

Just what our government needs to detract us from all the real estate problems….A big, hyped up equity bubble for .com 3.0!!!!! Hey, with all those i-bankers living below poverty with 20-30% pay cuts, we’ve got to help them out. We got to put the air back into this i-StockMarket thing….

http://finance.yahoo.com/news/facebook-ipo-buzz-rises-news-165606701.html

SAN FRANCISCO (MarketWatch) — News reports of a halt in trading in privately held Facebook shares on the secondary market have reignited speculation that the social-networking giant is about to file for an initial public offering.

Trading on the secondary market was reportedly suspended until Monday, according to news reports from the New York Times and Bloomberg that cited unnamed sources.

Facebook, the leading social-networking site in the world with more than 800 million users, is widely expected to file for an IPO this year — a deal that’s expected to become one of the biggest public offerings in history.

Scott Sweet of IPO Boutique said a Facebook IPO will likely lead to “pandemonium.”
Reuters Art and message board at Facebook headquarters in Menlo Park, Calif.

“It’s absolutely massive,” Sweet said in an interview. “The mere drop of a hint will cause pandemonium.”

That’s right. Take your money out of your dumb safe investments like Phillip Morris International, Chevron, Exxon Mobil, P&G..Forget about those pidly 5,6,7% dividends, and forget about fundamentals…

Time to get craaaaaaaaaaaaaazy again….Pump pump pump..Remember, the it’s all about revenue and eyeballs. Screw fundamentals, screw this thing called “profit”. If it costs $4 to recognize $1 of revenue, cool!….Get in on the feeding frenzy that’s about to start.

For the lazy, I’ve compiled FLU’s IER index (irrational exuberance redux index). Lets just see how this index tracks, shall we?

1. Facebook (TBD)
2. Groupon: GRPN
3. LinkedIn: LNKD
4. Angie’s List: ANGI
5. Zynga: ZNGA
6. Pandora: P
7. TravelZoo: TZOO (hey, remember did you folks ever get your free shares from .com 1.0??)
8. Zillow: Z (really folks, haven’t you been following?)
9. Twitter (TBD..any day now)
10. Skype (Yeah, right)

Missing anything?

Disclaimer: Not a solicitation for investment or advise…Invest/gamble at your own risk..If you do make a killing, don’t tell me.

[enron_by_the_sea]

You should add following to the list

JIVE (business FB)
BVSN ( remember dot.com 1.0? Allgedly business FB or pump-dump in action)
TRIP (social travel)
Foursquare (coming soon? Social location)
ACTV (Social exercise classes.Finally, San Diego!!! Common we should have some too.)
SFLY ( another dot.com 1.0 story. Social photoes – Common doesn’t facebook already have it?)
AWAY (social vacation rental)
RENN (chinese FB)
SINA (chinese Twitter)
YOKU (chinese youtube/Netflix)
TUDO (another chinese youtube/Netflix)
Yelp (coming soon? social reviews)
OPEN (restaurant reservations and social reviews)

Software engineers are hot commodity in silly valley again

http://www.businessinsider.com/entry-level-facebook-engineers-get-a-100000-salary-50000-signing-bonus-and-120000-in-stock-2012-1

http://www.businessinsider.com/flowchart-how-to-tell-if-a-facebook-employee-is-about-to-be-a-millionaire-2012-1

[an]

SINA is not new. They’ve been publicly traded since 2001. They’re more of a Yahoo than a Twitter. Although, SINA, SOHU, BIDU all have live “tweet” feed, so you can kinda say they have some Twitter in them.

[Coronita]

[quote=enron_by_the_sea]You should add following to the list

JIVE (business FB)
BVSN ( remember dot.com 1.0? Allgedly business FB or pump-dump in action)
TRIP (social travel)
Foursquare (coming soon? Social location)
ACTV (Social exercise classes.Finally, San Diego!!! Common we should have some too.)
SFLY ( another dot.com 1.0 story. Social photoes – Common doesn’t facebook already have it?)
AWAY (social vacation rental)
RENN (chinese FB)
SINA (chinese Twitter)
YOKU (chinese youtube/Netflix)
TUDO (another chinese youtube/Netflix)
Yelp (coming soon? social reviews)
OPEN (restaurant reservations and social reviews)

Software engineers are hot commodity in silly valley again

http://www.businessinsider.com/entry-level-facebook-engineers-get-a-100000-salary-50000-signing-bonus-and-120000-in-stock-2012-1

http://www.businessinsider.com/flowchart-how-to-tell-if-a-facebook-employee-is-about-to-be-a-millionaire-2012-1%5B/quote%5D

Yeah, I know. When you have interns at google get paid more than some full time people in san diego, you know things are kinda wacked. 🙁

[Coronita]

delete.

[an]

[quote=flu]Yeah, I know. When you have interns at google get paid more than some full time people in san diego, you know things are kinda wacked. :([/quote]
Maybe those interns are much more productive and write much better code than those full timer :-D. Just in case it doesn’t come across… /sarcasm.

[Coronita]

Bump… Ok folks, it’s gonna happen supposedly today….Anyone wanna guess what the valuation is going to be?

Side note: BRCM announced today… To all those folks that were shorting….
EAT SH!#$!@$#%$#%T….

[an]

QCOM just announced too… To all those folks that were shorting….
EAT SH!#$!@$#%$#%T…. 😀

[sdrealtor]

Congrats to both of our favorite autophiles

[The-Shoveler]

Well is seems flu was right Facebook, QCOM and Tech’s are starting another bubble (Woohoo for the tech’es out there).
I guess I would not want to be the guy looking to buy a place down towards CV any time soon.

[Coronita]

[quote=AN]QCOM just announced too… To all those folks that were shorting….
EAT SH!#$!@$#%$#%T…. :-D[/quote]

Yeah yeah.. I got burned on that one… Sort of… Covered yesterday for a 2 buck loss per share. Thank god.

[Coronita]

[quote=Nor-LA-SD-GUY2]Well is seems flu was right Facebook, QCOM and Tech’s are starting another bubble (Woohoo for the tech’es out there).
I guess I would not want to be the guy looking to buy a place down towards CV any time soon.[/quote]

yeah, no kidding. Still waiting for 50% off in del mar… 🙁

The only thing suckier than watching your stock/stock options in either of the bellweathers goes up is a constant reminder that some director/vp/etc always has more shares than you and will out-gun if there really is a good deal.

[an]

[quote=flu]yeah, no kidding. Still waiting for 50% off in del mar… 🙁

The only thing suckier than watching your stock/stock options in either of the bellweathers goes up is a constant reminder that some director/vp/etc always has more shares than you and will out-gun if there really is a good deal.[/quote]
You and me both. I have my eyes on a few Del Mar houses if it ever hit 50% :-D.

[Coronita]

Well, I did it…
I tried to rationalize every reason why not to buy shares in Zynga….And then I did completely the opposite. 🙂

10.80/share…

Now I will get the satisfaction of either
1) Watching the bubble inflate this time

or

2) Proving how wrong mm33 is on his stock picks, by tanking his portfolio now that I’m in it. Because obviously, whatever I’m in, will eventually tank. Just kidding there… Sort of…

And to make it interesting, these shares are purchased in a Roth IRA account. Stole this play out of MM33’s playbook too…. LOL!

Yeah, I know. I’m going nuts… Yes, I know. What about fundamentals?…. What fundamentals? irrational exuberance 2.0…

BTW: zynga’s average daily vol is around 10million shares. It’s 1/2hr into trading, and it’s already at 7 million shares. It’s .com days all over again.

[The-Shoveler]

That’s not crazy I will show you crazy,

I just bought QID (also in IRA, it’s the only way to trade!!).

now that’s crazy, Somehow I know I am just going to get steam rolled on that one.

[Author]

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