Hope none of you bought Facebook stock!

[Bonsai Nut]

If you had bought in at the open on Friday, and sold right now, you would have lost 20%...

Guess pricing this stock at 100x earnings wasn't such a good idea!

 

[Bonsai Nut]

Woops! There goes another $10 billion in market valuation!

 

[Bob]

I'm not a market pro so I don't know if all IPO's are sucked up by investment banking institutions at the initial offering. Seems to me that the big boys wanted what they thought would be a big bump up in price kept all to themselves.

 

[Bonsai Nut]

Today it closed down another 8.5%. After hours it's trading below $31. Personally I wouldn't touch the stock for over $6 (which would give it a more reasonable 15x - 20x earnings) ... It will be interesting to see how far it falls.

 

[Klytus]

Can it fall below Zero and go negative?

 

[Mike Wigginton]

No when a stocks value goes down to a couple cents per share it will get delisted.

 

[Klytus]

Another question is what plays a pivotal role in the teaching of either the long or the short billion in academic institutions?

 

[jason biggs]

ok,so i've been thinking-doesn't happen that often-here is the scenario:change your name to Greg Zuckerberg + counter launch NUTBOOK...With Harry in charge of pr + Klytus as the main draw card you should be inundated with sign ups in no time???

 

[Klytus]

I had assumed the short was the Financial billion and the long was Astronomical but it now seems like the adoption or redundancy of one or the other is driven by caprice more than any rational application of science.

Rather like the stock market.

You wouldn't like to think someone was buying in a base more advantageous than ten whilst selling in denary.


Could it happen,who knows?

Clearly if you bought $1000000000 in base 8 and sold it for $134217728 in base 10 you would be making a loss.

If you bought the same $1000000000 with your base 12 covert trading application and sold in denary you get $5159780352,your money back and $4159780352 profit.

You could trade like this several hundred thousand times per second.

The poor beggars digging the raw materials out of the earth would probably be told they are going to work longer and for less,hmm.

 

[Bonsai Nut]

Well Klytus, if the Greeks go back to the Drachma, they soon may experience exactly that

 

[Klytus]

They never really explained the Euro was to be psychological warfare followed by economic war.

 

[Bill S]

Klytus, It's a country, not a single idiot making decisions, no sympathy needed.

 

[Bonsai Nut]

They never really explained the Euro was to be psychological warfare followed by economic war.

It didn't work out too well for the Germans after WWI, either. Now they get their revenge without the carpet bombing!

 

[Klytus]

Hmm,the capitalist/communist alliance has not benefitted the continentals.

 

[Bonsai Nut]

Hmm,the capitalist/communist alliance has not benefitted the continentals.

Nope. I think ultimately Greece has to go. As long as Germany, France, Italy and Spain hang together, they will still have a union. Spain's problems are really a banking crisis versus a crisis of spending. You can fix a banking crisis a lot easier than a spending crisis. So I am confident the euro will survive. Your point is a valid one though: to what end? Do they really know what they want to accomplish?