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Victor Sperandeo of Alpha Financial previews the first trading day for the social-networking website.
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We've got all kinds of people looking at this stock prior to that first trade Ali in it Ali -- that they love it that they hated where -- Joining us from Dallas a -- Generation are concerned about trade Vick has their -- we all the same vintage -- that neither of us all the vintage which uses FaceBook so I wanna know from you.
On yet in this thing you love it what do you hate what.
Naw I'm I'm not and I don't give out enough commission business to get to get part of the shares what do you -- so I'm not.
That do while I think it would depend on what price now but -- have given Billy casino Stewart yes.
OK -- have yet the bid and then winning the -- table yeah -- -- with somebody's roll the dice for at least twenty minutes.
You see a huge crowd around that table -- -- screaming.
The role playing the player whose eye on this hot streak yup that's what your program just showed me.
In Menlo -- California.
This is like -- -- stable if she loses loses.
Everybody leaves the table so whatever this price opens that as long as it keeps going up.
It's fine the first major down -- I wouldn't say a small down -- You know it's it's sick it's over in the short run.
It will be supported 38 BC invest bankers promised -- that.
But I mean -- safe and open to fifteen make up a number here you know that's going to be very overvalued anybody buys up there is going to be a loser.
-- Gloria you know.
I don't think that you're talking your rage and just like I would -- Tolkien yeah I let.
A look at real -- with all due respect they said this about Google heated global they ripped it apart and look at it now I think the problem is many of us don't understand how they're gonna monetize this thing.
Based on what they've done 900 million people they got a lot at their disposal right now it's kind of -- -- not -- slam it not to want to be part of.
This is right now is an advertising company making 200 million dollars a quarter.
That that for the valuation it's gonna -- -- -- it depends on the price should go to fifty.
Yeah it's way over valued at 38 it's not bid for the insiders.
But the point is it's an advertising -- cells and it's now if you go into recession or you go if Europe affects it the United States.
And things slow down advertising slows -- she got to remember each just like any other company now.
I don't -- employment what -- that's innocent you know what eventually on the pick up my phone an -- Steve -- issues like on the click on they're gonna show -- my front door.
But what about the notion that we are changing the way we appetite changing the way we -- I think.
I as they say.
If that is part of the price that you just mentioned is the reason why it's thirty dollars the point -- getting is it depends when it's fifty or seventy.
Or 42.
At 42 it's not a -- bought.
But everything is relative to the.
I don't I don't know what ignore all the -- look they show me again Menlo Park place I wanna see the aerial shot looking down over a -- I believe it may be is breaking up a little bit that the crowd.
The crowd got right in the KTV -- -- we get these pictures from this is an aerial shot looking down.
At the FaceBook headquarters where they rang the bell from just about six minutes ago the crowd is well I can say is discussing -- that's a part -- this -- go.
Industry many of the people in that crowd were up long night for their annual Hackett on they pulled out all -- at which is an annual thing that FaceBook does and they stayed up purposely -- the bell rang and they a lot of them are gonna go on for an hour -- -- Come on back in.
Celebrate -- brandy I do not want to detract from the excitement of the moment because this is an American moment this is an American company.
It's a brand new American invented industry.
It can go I don't know -- there's all kinds of opportunities here I don't wanna dampen down on the buzz on this day I don't wanna do that go.
-- Well look in the long run and I certainly give credit to the -- got 900.
A million people looking at his sights -- -- god god bless them for that the point I'm getting -- is is certainly not a short.
When it starts to charge.
A couple of dollars a month.
It's going to be a real revenue winner in the long run but in the short run and only talking about the short run.
It depends on the price she -- just violated any price and accept and expect the big money.
All right I'm gonna ask you at the end of today's trading way to think Facebook's going to be don't hedge tell me give me a number that the but.
Fifty dollars this year.
All right we'll take that will we still don't distribute it destroyed yes OK of president's credibility into you know book a ticket out of that all right Vic thanks very much indeed we appreciate your input I wanna go back to Menlo pocket I I think we you can see that this is -- -- it's still going -- I can't -- and drinking and I can see and dancing a little bit looks like his music gone on that they certainly look happily also would you if you just become worth a million you know.
We didn't talk about Bob Greifeld standing today I guess left of Mark -- -- CEO of the NASDAQ.
-- wind for the NASDAQ today as well NASDAQ very happy that's.
True actually -- he was -- ringing the -- right there fist pump and that paying playing music count them.
I'm told the playing music and I consider that dancing looks like they got no question will kind of is that -- dancing that that this is incredible ladies and gentlemen itself it's a party anyway you slots and -- old young we noticed that -- PM I don't know they're all younger than me they -- young -- -- A federal court rich of the both that was put together.
I think not easily --
