Facebook Loses 25% of Value Today, in After Hours Trading

dulborah (0) · 6 years ago

Reveal Comment

valued-customer (67) · 6 years ago

I am sorry to hear about you having lost control of your account, and glad you have it back.

I do not recall the flag, and don't see it here. If you tag me in a reply to your flagged comment, I will be able to find it and have a look.

$0.00

smithlabs (68) · 6 years ago

Sure wish I had some of this stock, so I could sell it short, and help the slide become worse! This company sucks, and deserves any trouble they can get into! I hope tomorrow will be worse for them, and their losses higher. >:(

valued-customer (67) · 6 years ago

You actually don't need to own the stock to sell it. You can borrow it from a broker.

Don't do this now, because the big slide is likely to have already happened, and you'd be hard pressed to make money. After you borrow and sell the stock, you have to buy it back at a low enough price to pay the broker their commission on top of the principal for the stock, and make some money too.

I agree with your sentiment, though. Less Fakebook = more freedom.

$0.00

smithlabs (68) · 6 years ago

It might be worth loosing a little money, to see it slide again....
Yes, they are anti-freedom!

$0.00

builderofcastles (64) · 6 years ago

I am surprised that it was only 25%.

sunlit7 (59) · 6 years ago

Well maybe the housing market will slide again. This time though I am much better positioned to handle it. When housing went way up they had my house pegged at a hundred and twenty six thousand, when the down turn came I had people who offered me as low at thirty seven thousand because of all the foreclosures around here. Now the neighborhood is on a up tick with gentrification, I am about a mile from downtown, own a duplex and I am up around a hundred and ten thousand...those who bought all those foreclosures are making two to three thousand a month renting those houses to college kids. We have a big college boom going on downtown also. I get mail all the time from people wanting me to sell for more than what my properties worth. With it almost paid off I can take some of that equity if the market slides down and buy into some housing cheap like they did.

2 votes

valued-customer (67) · 6 years ago

Like Simon says, the housing market cycles. I don't think he's wrong when he says we're very near the peak. That might make it time to take one of those offers. If you don't want to move, you can arrange a sale/leaseback, and take less money.

Right now I'm up at least 15 fold on my house - but I paid $100. It's hard not to be up.

$0.00

sunlit7 (59) · 6 years ago

Never heard of a sale/leaseback. My current plan when it's paid off is to put some money into it and rent it out for around three thousand a month. At least that is what one agency is collecting for rents on the seven houses they own on my block they are renting to college kids, with this being a duplex I should be able to get the higher end. Use the proceeds to buy something in a nicer area. Things has gotten better considering where they were headed but most the houses are going to college rentals and not single family homes. College kids don't care what the yards look like, they don't do any holiday decorating...your normal family tradition like things. Still beats dodging bullets though, which is where we were headed. Even with the schools starting to offer free college education for families who have their kids enrolled here from kindergarten through graduation I still don't see that overcoming the challenges of a complete turn around, if it did it would take decades to accomplish.

$0.00

valued-customer (67) · 6 years ago (edited)

Financing is limited by the imagination alone. Sale/leaseback is a pretty simple concept, and using such ideas might help you to take advantage of the market cycle.

As a former landlord I can state that you will want to keep a close eye on any property rented to college kids. Think 'Animal House', and pay attention, so you don't end up paying for massive repairs.

I've seen properties where tenants used a chainsaw to cut through a hardwood floor to yard out a furnace to sell for scrap, and used a pickup truck and chain to rip the wiring out of the walls, so they could buy crack. When rent payments are late, it's time to inspect the property.

May you never have any experiences with such problems, and all your dreams come true.

$0.00

sunlit7 (59) · 6 years ago

I've been a landlord for 28 years now. I always had fairly good luck, I keep the place up and reasonable rent, that brought me good tenants till the neighborhood started going downhill, I suffered some woodwork damage. Looked like people were fighting and trying to bust threw a swinging kitchen door and a bedroom door. I've been pretty lucky, up until four years ago I had only lost 3,000 in all those years as a landlord, then the other trash tenant I finally got rid of cost me 12,000 by the time I got rid of him and his problems. I think the reason that particular investor doesn't have a problem with those kids trashing his properties is he gets their parents to co sign the lease. Two thousand dollar deposit isn't anything to snuff at either, I am assuming most want it back and don't want to start out their careers with a bad credit rating. In the winter they aren't heavy into large parties but in the summer they have parties but they make everyone stay outside except to use the bathroom. At least that what I speculate because that's what I see happening a lot...because it seems like one or the other always has a party going on outside. When the housing market crashed I did see several foreclosed homes where someone went in and took out the items you mentioned, I guess that was pretty common since a lot of them sat empty for so long.

informationwar (62) · 6 years ago

Curated for #informationwar (by @openparadigm)
Relevance; Didn't he already sell his stock?

Our purpose is to encourage posts discussing Information War, Propaganda, Disinformation and other false narratives. We currently have over 7,500 Steem Power and 20+ people following the curation trail to support our mission.
Join our discord and chat with 150+ fellow Informationwar Activists.
Connect with fellow Informationwar writers in our Roll Call! InformationWar - Contributing Writers/Supporters: Roll Call Pt 10

Ways you can help the @informationwar

Upvote this comment.
Delegate Steem Power. 25 SP 50 SP 100 SP
Join the curation trail here.
Tutorials on all ways to support us and useful resources here

valued-customer (67) · 6 years ago

There was recently an article on ZeroHedge about ZuckerBorg selling over $4B worth of stock, at an ever accelerating rate, up until the crash.

Good point!

$0.00

borges.barilla (61) · 6 years ago

Check out this post here for the correlation if this Facebook - large - scale - ban which just happened two days ago.

b.b.

valued-customer (67) · 6 years ago

It is common knowledge that the FAANGs are cutting their own throats by banning and censoring users. That is the reason, growth concerns, stated by Simon Black for the drop in Fakebook value.

Thanks!

canusapatriots (52) · 6 years ago

Thanks for the good news, @valued-customer.

$0.02