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Down 20% from initial....11% Monday, 9% today. One analyst thinks $9 is the actual price point.
 
If you bought it right off the bat and sold within 30 minutes, you did well. The forcasters were saying to stay away and they were right.
 
Basil - you might want to add this article to your watch list:

Zuckerberg and Thiel sell their shares early

(mumbling to myself: never buy air, never buy air ... and never buy projected income from advertising, if big advertisers are pulling out)

Tom
 
INCOMING!
 

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Something I have never done before.....I have the NASDAQ status of FB on screen, watching it go up and down, going off and reading commentaries.....and realized folks are trying to bail with some of their investment left.
Every time it peaks a little bit, there is a sell off, and the graph drops. All day, started reasonably high and if you draw a line through the peaks and dips, it is a continuous drop. I think a whole lot of folks and brokers are stuck with this worthless stock, and are just waiting for the chance to dump it.
 
My decision NOT to buy has been proven to be a good decision.


m
 
TOC said:
... I think a whole lot of folks and brokers are stuck with this worthless stock, and are just waiting for the chance to dump it.
Click to expand...

I hope the "institutional investors" behind my retirement funds stayed away. I suspect that some of us are invested in FB and don't even know it. Fortunately, those guys usually don't put too many eggs in a single basket.
 
SilentUnicorn said:
My decision NOT to buy has been proven to be a good decision.


m
Click to expand...

Me too and I am on FB with tight controls. BTW - myspace???
 
I read on one of the sites that 401(K) took a $100-$300 hit due to this fiasco. The banksters don't lose money...they load it on us.
 
As long as the money flows... the money managers make money. :yesnod: FB is much ado about nothing. Perhaps many folks are IPO-starved (from the heyday of the late '90s), but those investments have always been questionable for regular folks. We can all look to the success-stories (such as Microsquish and Google), but the PE ratio of FB should have served as a brick-in-the-head to anyone considering this investment. Even the last-minute manipulations of the number of shares (and price) should have set off huge warnings.

Kinda fun to watch all the finger-pointing.
 
judow said:
SilentUnicorn said:
My decision NOT to buy has been proven to be a good decision.


m
Click to expand...

Me too and I am on FB with tight controls. BTW - myspace???
Click to expand...

Not Hardly... no twitter no fb, no my space...


I think i have a linked in account- but haven't been there in ages.


m
 
No facebook, twitter myspace google+ linkedin or aol for me. I don't want the world to know what I'm up to on a day to day basis and I really don't care what people from high school are doing 18 years later.
 
I rarely post...but I can keep up on other's doings.
I am in 5 or 6 closed groups...so you can say things you don't elsewhere.....like two days ago got a "status update" from a friend...except we buried him almost two months ago.
 
That's pure evil, TOC.

Antennae UP!
 
One of the all-time classics about investing.

where_customers_yachts.jpg


The shares investor has no guarantees whatever. The only guarantee is that the broker/adviser's gets a percentage when you buy and sell stocks. Buy stock, pay the broker's fee. Sell stock, pay the broker's fee. Broker/adviser is pretty much guaranteed an income; you're not.

Earth-shattering idea: investigate *why* the adviser is advising you to buy and sell. Might have been helpful if FaceBooks reduced earnings forecast, and the fact that Zuckerberg and Thiel were selling their shares *before* the IPO had been made public to *all* investors, instead of just the few select investors Morgan-Stanley chose to tell.

Ah, Extraordinary Popular Delusions and the Madness of Crowds. Sounds like a good book title.

:jester:

Tom
 
NutmegCT said:
Earth-shattering idea: investigate *why* the adviser is advising you to buy and sell. Might have been helpful if FaceBooks reduced earnings forecast, and the fact that Zuckerberg and Thiel were selling their shares *before* the IPO had been made public to *all* investors, instead of just the few select investors Morgan-Stanley chose to tell.
Click to expand...

Yep. Conflicts-of-interest are endemic in that world of sales. There are few impartial "advisors."
fly.gif
 
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