people who will buy it before it goes public. high net worth retail investors, you know, relatively rich people who trade often. and then there s everybody else, the average joe retail investor. that s likely most of you out there. starting with ned i want to go one at a time. ned, good to see you, my friend. we ll talk later about whether one should or shouldn t buy this. what do you think a retail investor who gets on to their trading platform at 9:00 on friday will be likely to pay for facebook when it opens? you know, you said $90 a share, i said a 50% premium. this is one of those situations where it depends on how much stock is shorted by the way, craig, i want to congratulate you. this is incredible. you must be waiting for next friday. as a retail investor i wouldn t approach the stock on friday or the next monday, tuesday, or wednesday. i wouldn t go near it. would not go near it. so you think 50 bucks, somebody gets it for? a 50% premium? 50, 60, you re talk
collaborative fund, an early facebook investor. all right. so there are four kinds of investors viewing for a cut of this ipo. early stage investors like craig, they got involved a long time ago. institutional investors, the people who will buy it before it goes public, high net worth retail investors, relatively rich people who trade often, and then there s everybody else, the average joe retail investor. that s likely most of you out there. starting with ned i want to go one at a time. ned, good to see you, my friend. we ll talk later about whether one should or shouldn t buy this. what do you think a retail investor who gets opt their trading platform at 9:00 on friday will be likely to pay for facebook when it opens? you know, you said $90 a share, i said a 50% premium. this is one of those situations depends how much stock by the way, craig, i want to congratulate you. this is incredible. you must be waiting for next friday. as a retail investor i wouldn t approach t
before they could get into office if they were to win the white house, that number is a mistake. what they re going to to try to do, bring the democrats along and say do you want the defense cuts and leon panetta says, no, the president is threatening to veto that. go ahead and do that, let s have a debate about the need to fund our military. will those cuts ever happen, dan. with strong presidential leadership, they will. i m very much for this sequester and really, we ve supported it in the past and it s the only way that washington is going to cut that budget. look ma, no hands, no now. the automatic slice and dice. we went through this in 1990 with president george h.w. bush led by the budget chief. the majority leader with the democratic senator george mitchell. they went out to andrews air force base. remember the summit. ground through the he question of a 5 1/2% sequester and they hunted and president bush pulled back and they passed excise taxes and there was no
before they could get into office if they were to win the white house, that number is a mistake. what they re going to to try to do, bring the democrats along and say do you want the defense cuts and leon panetta says, no, the president is threatening to veto that. go ahead and do that, let s have a debate about the need to fund our military. will those cuts ever happen, dan. with strong presidential leadership, they will. i m very much for this sequester and really, we ve supported it in the past and it s the only way that washington is going to cut that budget. look ma, no hands, no now. the automatic slice and dice. we went through this in 1990 with president george h.w. bush led by the budget chief. the majority leader with the democratic senator george mitchell. they went out to andrews air force base. remember the summit. ground through the he question of a 5 1/2% sequester and they hunted and president bush pulled back and they passed
concern that will resonate in the pitch that the president has been raising against the oil companies and against success and against the rich you are maybe more to the point, the budget chief, paul ryan, has given them another bullet for the gun. guest: actually, the big bullet we should talk about is the fact that government s own statistics that came out a month ago in the house budget committee and by their own figures the federal government tells us effectively our economy in the united states will effectively shut down in 15 years. 15 years. that is according to the facility s own statistic. we are trying to be the adults in room and provide a positive pat forward. we cannot delude ourselves thinking we can continue with our standard of living in the economy shuts down so we are putting together a plan to try and keep the economy from