By mapping out where over 1 million Facebook fans currently live, you and all your friends can see how regions and states will be dividing their loyalty and filling out their brackets for March Madness. According to the data, the ACC dominates the country.
Do you agree?
Check out all the maps for the teams and conferences playing in the tournament here
The Facebook IPO last Friday was the perfect IPO storm, for Facebook. After weeks, OK actually months, of hype and build up, the initial public offering finally happened.
When Facebook (FB) first priced it’s offering between $20 – $30 everybody thought this was a bit high but really good news. It left room for growth and hype. At $25 a share FB would have been valued at about 15 times estimated earnings. Institutional investors were probably drooling over the anticipated profits.
But in the final weeks leading up to the IPO, Facebook increased the IPO price to $38 a share. I’m not sure how this happened, but;
Congratulations to Mark Zuckerberg and Facebook for getting the most money for their shares. This is exactly what greedy owners want.
Shame on the institutional bankers for letting them get away with this.
At this price, no money was left on the table for the banks to get rich off of and all the current inside shareholders of Facebook, got the most bang for their buck.
At this price, the share price is guaranteed to go down.
At this price, the average investor should NOT invest in Facebook.
There is no way Facebook can cover this lofty valuation with earnings in the short term. Mark my words, within 3 – 6 months, if not less, the FB price will be back down to where the initial IPO should have been in the first place – around $25 a share. If the average investor is lucky, this is where FB will hold value and form a support base.
But in order for this to happen, Facebook needs to have at least a couple quarterly reports meeting or beating analyst expectations.
Meanwhile, just keep using Facebook as you always have. Let the Mark Zuckerbergs of the world cash in on their stock options. Say a prayer for the institutional investors who just might lose money on this deal. And stay away from purchasing Facebook shares until the price comes back down to earth.
Just how excited is the stock market about the potential Facebook IPO? One publicly traded equity fund , GSV Capital (GSVC), which owns the rights to pre-IPO Facebook shares, shot up 30% on the news that Facebook would submit papers this week.
This is one reason why my overall monthly return for January was 9%.
But should you run out and buy GSVC today? I am not so sure. In fact, one estimate has the current value of the fund priced just slightly below it’s current level. Of course, hype knows only two rules; Up and short lived. So I have already cashed out and will wait and see if the fund drops in the weeks, or even months ahead. After all, the actual Facebook IPO date is still probably weeks or even months away and anything can happen between now and then.
The IPO papers being filed this week will not really tell us how much Facebook is worth. But rather they will tell us how Facebook makes their money and how well they do it. So stand by for lots of talk, analysis and speculation from the market regarding Facebook and their financial machine.
So, how did my other investment recommendations, specifically my Fumbed Returns Watch List, do?
| nasdaq | 5.87% |
| dow | 3.36% |
| FR Watchlist | 6.43% |
| Personal Investments | 9.01% |
You can see the entire breakdown listed below:
| Symbol | Name | Gain/Loss |
| AXTI | AXT Inc | 17.93% |
| TEVA | TEVA PHARMACEUTICAL INDUSTRIES LTD | 7.12% |
| TRIB | Trinity Biotech p | 4.29% |
| VECO | Veeco Instruments Inc | 13.53% |
| AMAT | Applied Materials Inc. | 12.26% |
| INTC | Intel Corp | 7.22% |
| LRCX | Lam Research Corp | 12.88% |
| MNTA | Momenta Pharmaceuticals Inc | -11.80% |
| AAPL | Apple Inc | 11.47% |
| ABX | BARRICK GOLD CORP | 6.46% |
| DD | E I DU PONT DE NEMOURS & CO | 9.25% |
| FCFS | First Cash Financial | 12.97% |
| KO | COCA COLA CO | -3.73% |
| MCD | MCDONALD S CORP | -2.25% |
| MSFT | Microsoft Corp | 11.43% |
| ORCL | Oracle Corp | 7.55% |
| KFT | KRAFT FOODS INC | 0.92% |
| EDS | Exceed Company Lt | -9.54% |
| ACI | Arch Coal | -5.00% |
| BTC | Community Bankers | 32.14% |
| CHE | Chemed Corp | 7.84% |
| COHR | Coherent | 4.31% |
| DIOD | Diodes Incorporated | 17.99% |
| EGO | ELDORADO GOLD CORP | 6.86% |
| ENOC | EnerNOC | -19.31% |
| FSTR | L.B. Foster Company | 2.82% |
| HD | HOME DEPOT INC | 4.67% |
| HFC | HollyFrontier Corp | -22.20% |
| HITK | Hi-Tech Pharmacal | 0.97% |
| IBM | INTERNATIONAL BUSINESS MACHINES CORP | 3.14% |
| MLR | Miller Industries | 1.68% |
| SHO | Sunstone Hotel In | 10.33% |
| SYMC | SYMANTEC CORP | 7.50% |
| AFAM | Almost Family Inc | 10.82% |
| MKSI | MKS Instruments Inc | 4.76% |
| Total | 6.43% |
Interestingly, only half of my January picks made it on to my February Watch List. You can check out all the selections on stock watch page.
Please take a moment to join me in a show of support for this most excellent Facebook page!
OK, in addition to this blog, I also recently (as of this year) started on Facebook.
One of the things about Facebook is all these stupid viral quiz’s. And despite my severe allergic reaction to these viral things, I have actually done a couple of them and posted the results on my Facebook profile.
So, who am I?
Here are the results of:
What NFL Player I am?
What Plastic Army Man I am?
and
What’s My Ninja Name?
and last and certainly least of the viral quiz’s…
My ABC’s
A – Age: 47
B – Bed size: Just Right
C – Chore you hate: Cleaning the Kids garbage – Especially Alaina’s
D – Pets’ names: Pepsi, Hero
(hey, how is “D” for “pet”?) This quiz was obviously put together by a dog lover…
E – Essential start your day item: Sunrise
F – Favorite color: Blue or Green
G – Gold or Silver: The gold ring on my finger suites me just fine.
H – Height: 6′ ish
I – Instruments you play(ed): piano; guitar
J – Job title: Jack of All Trades – Master of None
K – Kid(s): We thought about eight is enough… but thats already been taken. So we’ve stopped with 5.
L – Last Book Read: Don’t Let the Chicken Drive the Bus!
M – Mom’s Name: Janet
N – Nicknames: Tiger, Nerf, Herman, Jack…
O – Overnight hospital stay other than birth: 1 month and sometime around 7ish
P – Pet Peeve: Bejeweled Blitz Champions… 😉 and viral apps
Q – Quote from a movie: Latest Star Trek – “your father was captain for 12 minutes, saved 800 lives – including your own. I dare you to do better”
Song Quote – “you can check out anytime you like but you can never leave”
S – Siblings: What are those?
T – Time you wake up: When the kids do!
U- Underwear: usually… 😉
V – Vegetable you dislike: The white stuff that’s kinda like Broccoli…but not…
W – Ways you run late: when I walk…
X – X-rays you’ve had: Basically anything from the waist up…
Y – Yummy food you make: Ice Cream and Chocolate Syrup
Z – Zoo favorite: Anything that makes folks go ewwww!
Fumbled Returns 