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Facebook (FB) Stock will IPO today after 11am EST time. If you are trading or watching FB stock today, comment below on any thoughts or trading plans. Comments move to the top so this is the easiest way for us to have a forum discussion.
Tags: discussion, facebook, fb, forum, ipo, shares, stock, trading
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Just wait until the lockup, don't buy FB right now
Saliym, did you do a market or limit order, and did you do it right at the open? Did you try to cancel the order and it still says pending? I can't believe this is still happening but they might have to wait until pre market on Monday to settle these Facebook (FB) orders.
Nice picture Rhee! - Bulls and Bears are going to have a tough time valuing Facebook. Most of the time, Wall St values a company by earnings and or revenue. FB sports a forward p/e of 63 vs AAPL which is around 9-10 now. However, when you look at valuing Facebook per user, it looks very cheap. How can you monetize 900 million active users? This will be interesting over the years but FB cannot miss earnings estimates.
Well that's good if it shows expired, it is better than pending. They should have everything cleared up by Monday pre market. I've never seen anything like this. I guess it was mainly due to the size of the IPO.
I think you will see it drop below $38 next week
SEC looking into the trade execution on Facebook now - some people still don't know if they bought or sold because it still says pending...
IPO was overhyped.... too many shares available
I immediately tried selling as soon as the stock was trading... I got the message "not enough shares available" right after that I cancelled the open order... kept refreshing and did cancel all pending orders a couple times.. 20 minutes later the pending cancel cleared.
They should had waited longer to open the trading on FB until the issues were resolved... I wonder how many swing traders were screwed by this problem
Still having problems guys?
mine was finally confirmed cancelled...
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