WELCOME TO MY SITE AND HAVE A GOOD DAY

Welcome to Las Vegas, Nevada- the Gambling Capital of US and the City that never sleeps! So, what has this city have to do with this site. The answer is none. I just love the photo, I took during our vacation to this city a couple of years ago. In this site, you will find articles from my autobiography, global warming, senior citizens issues, tourism, politics in PI, music appreciation and articles about our current experiences as retirees enjoying the "snow bird" lifestyle between US and the Philippines. Your comments will be highly appreciated. Some of the photos and videos on this site, I do not own. However, I have no intention on infringement of your copyrights. Cheers!

Friday, May 18, 2012

Will FaceBook Stocks be a Good Long Term Investment?

I am not a professional stock broker and my knowledge of the stock investment business is almost nil. But I believe it will not be a good investment long term. But short term and speculative investment, perhaps. The price started at $38 the other day. Today it increased to about 41 dollars, an increased of $3 just for one day. So, if you were able to purchase 1000 stock shares yesterday, you earned 3,000 dollars profit just for one day. Fantastic! The reason why I feel FB stocks will not be a good long term investment is because FB is just a social media site and not a diversified company. FB is just a fad and in the long term this fad will no longer be a fad especially if it start to charge it members a fee to join or used the site. I have a feeling that in the near future using FB will no longer be free. If this happens, people will lost interest. Allow me to cite some of the comments about FB in today's news. 3:02 p.m. AN HOUR TO GO :Facebook stock is trading at $39.02, up a little more than a buck. Volume just passed 450 million shares. It's another bleak day for the rest of the market, by the way. The Dow Jones industrial average appears headed for its 12th loss in the past 13 trading days. The Nasdaq composite, representing Facebook's stock exchange, is down 1 percent. 2:54 p.m. BUT SERIOUSLY, FOLKS: Twitter users are joking about the Facebook IPO. From Conan O'Brien: "Today, Facebook went public, just as MySpace's last user went private." And from the Twitter feed of the website Someecards: "My favorite Facebook public offerings are still your beach photos." _ Peter Svensson, AP Technology Writer 2:29 p.m. WE ARE THE ONE-QUARTER PERCENT: Conversations about the Facebook IPO accounted for 0.25 percent of all online discussion during the first part of the workday, according to NM Incite, a company that tracks social media traffic. That may sound small, but it's an increase of 5,000 percent compared with the buzz about the Facebook IPO a month ago. It is also four times greater than the chatter for the LinkedIn IPO and 10 times greater than the Groupon IPO. _ Scott Mayerowitz, AP Business Writer 2:18 p.m. POP CULTURE: Francis Gaskins, president of IPOdesktop, a market research company, said that it wasn't a bad thing that Facebook didn't get a "pop" on its first day, similar to what happened during the 1990s dot-com frenzy. He said that most tech companies going public want a big rise in their debut to show they're "strong, dynamic companies standing out in the crowd" but that Facebook already has that image, and so may not care. Gaskins said that the banks taking Facebook public have learned from the IPOs of social media companies in the past year and are better able to gauge demand and supply for a new stock. He said a rise of 5 percent to 8 percent in this "tough market" is a success. Facebook stock is up 5.5 percent as volume approaches 400 million shares. _ Bernard Condon, AP Business Writer 2:13 p.m. ZUCK ON WHAT TODAY MEANS: CEO Mark Zuckerberg, speaking before he symbolically rang the opening bell for the Nasdaq from Menlo Park, Calif.: "Right now this all seems like a big deal. Going public is an important milestone in our history. But here's the thing: Our mission isn't to be a public company. Our mission is to make the world more open and connected. In the past eight years, all of you out there have built the largest community in the history of the world. You've done amazing things that we never would have dreamed of, and I can't wait to see what you guys all do going forward." 2:05 p.m. VITAL SIGNS: With two hours to go in the trading day, Facebook is at $40.50, or $2.50 higher than its offering price. Volume has just passed 380 million shares. By comparison, Bank of America, frequently the most active stock in the Standard & Poor's 500 index, has traded only 155 million shares today. The next most active stock in the S&P, JPMorgan Chase, is at 59 million. 1:47 p.m. UPDATE ON SOCIAL MEDIA STOCKS: Facebook stock is trading at about $41.25, a healthy gain of more than $3, but the gain is not translating to other social media companies, especially those with ties to Facebook. LinkedIn is down 3.3 percent, Groupon is down 6 percent, and Zynga, which is trading again, is down more than 8 percent. Bree Fowler, AP Business Writer 1:16 p.m. EXPERIENCING THE FACEBOOK IPO ON FACEBOOK: Facebook's IPO has Wall Street abuzz. But what about Facebook's 900 million users? Some were debating whether they should get in on the buying frenzy. Others were guessing the closing price. Several were lamenting that they hadn't thought to invent the social media site themselves. A few treated even the company like a person, congratulating it on the public offering as they might a friend on the birth of a child. "Hey Facebook! Have a good first day on the stock market," a swimming pool maintenance and repairman from Petaluma, Calif., wrote from a mobile device. Within two hours, eight other Facebook users had "liked" the post. Not all Facebook users were obsessed with the company's entrance to the stock market. The went along with their everyday lives, posting photos of drunken debauchery that they might one day regret, weighting in on the presidential election, celebrating Haitian flag day or just welcoming the start of the weekend. _ Scott Mayerowitz, AP Business Writer 1:05 p.m. NASDAQ ON THE DELAY: Seconds before noon, with demand for Facebook stock overwhelming, Nasdaq issued a message on one of its websites saying that it was "investigating an issue in delivering trade execution messages" from the Facebook IPO. Nasdaq initially planned the first trades of Facebook stock for 11 a.m., then 11:05 a.m. The stock opened at about 11:30. Facebook is trading at about $41, or $3 higher than its offering price. Volume is approaching 320 million shares traded. _ Tali Arbel, AP Business Writer A FUND MANAGER WEIGHS IN: Chris Brown, manager of the Pax World Balanced mutual fund, made a roughly $14 million investment when his $1.9 billion fund acquired private shares of Facebook on a secondary market before the IPO. As shares traded publicly for around $40 at midday Friday, Brown said the rise from the stock's $38 opening price was unsurprising. "Going into the IPO, there has been a lot of skepticism from investors, in particular institutional investors, questioning anything from whether the price of the stock is fair, to whether Facebook can successfully monetize and sell ads," he said. "We're long-term investors. It's nice to have the stock up for one day, but it's only one day. It's hard to extrapolate much as to the future of the company." In coming days, Brown expects plenty of ups and downs for the stock, as investors assess a company whose prospects are hard to pin down because of its evolving business model. "You're going to see obviously an extreme amount of volatility over the next week as people evaluate the stock," Brown said. _ Mark Jewell, AP Personal Finance Writer So, my dear readers, this is just my personal opinion. Buying stocks is just like gambling. Good luck to you. I hope you the best in your investment plans. As for me, I will wait until the buying frenzy is over. Perhaps, I will buy a small share as a short term investment so I can say I owned a piece of FB. Note: This morning news showed the price closed just a little bit above $38. Crazy stock fluctuation, indeed!

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