I laugh...There was plenty of information out there to show that the FB ipo was to high at offering. The real value of the shares was around 12.50 and not the 38 that it opened with. The only ones that made any money are the people that were able to sell at 45 shortly after the stock opened. People should have seen the FB fail comming from a mille away.
I know EVE (it's a game) marketeers who are smarter and more investment-savvy than a lot of people who do it for a living.. The people who poured tons of money into Facebook's IPO were investing into hope, not sound financial speculation.
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' Wrote:Facebook is available to buy. Zuckerberg dont really care he made billions in a week.
The idiots who invested in it deserve everything they get - it's an easily replicated platform with nothing unique to its name. The only thing that gives it a field advantage is its internet popularity, and you only need to look at MySpace and Bebo to see how quickly that goes.
' Wrote:I was watching the news this morning and the finance report said the value of Facebook shares could go down as low as $7 (Australian).
If you are planning on buying...... I wouldn't.
Unless you're planning on betting that the price will go DOWN. That's part of the fun of playing with calls and puts, although doing that on the margin is a great way to go broke quickly.
That's something that many people don't realize - there are also people willing to put money that a stock will go down and buy a 'sell' option on them so that if the price does go down, then they make money.
(11-21-2013, 12:53 PM)Jihadjoe Wrote: Oh god... The end of days... Agmen agreed with me.
' Wrote:The only ones that made any money are the people that were able to sell at 45 shortly after the stock opened.
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Like this guy
I honestly can't believe anyone would <strike>buy</strike> invest in that crap, there is simply no substance to it. Admittedly I kept two shares for the cool factor, but still not a good investment if people actually expected the value to increase.