Facebook Fakeout, Failure, Fiasco

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16 Responses

  1. Well, what’s done is done. Who knows, you may yet have the last laugh on your FB investment. (Though it’ll probably take a while. :-) ) I saw a guy on CNBC just yesterday arguing FB has tremendous potential and the IPO price was justified.

  2. Did you sell? I’m not sure it’s going to stay low — remember Amazon’s stock tanked right after they went public too but now it’s up 1200%.

  3. krantcents says:

    If there is any comfort in this, you are not alone. Many people bought into the hype. One way to avoid the craziness of the day or any day is to have a plan. If you stick to your plan, you can avoid a lot of mistakes.

  4. I bought some in pre-market yesterday at 36.50 thinking Morgan Stanley was going to defend $38.00 again once the RTH market opened. A soon as it became clear they weren’t I got out – about $35.20 I think. I would have shorted it at that point if feasible, but there wasn’t any borrow yet.

  5. Arlee Bird says:

    Thanks for the nod, but I don’t have any idea what’s really going on, I only have suspicions. They say buy stocks in companies you really like and believe in. Facebook is okay, but I’m not overly thrilled about it. Mostly there’s not much there that hasn’t been seen in some form somewhere else or might be done better in the future.

    But the overweight lady hasn’t started singing yet and FB may still pull through. Perhaps investors are being a bit impatient. If Zuckerburg and crew do things right, they might still have a big producer on their hands. We’ll have to see.

    Hope the story turns out well for you.

    Lee
    An A to Z Co-Host
    Tossing It Out

    • Buck Inspire says:

      You’re welcome Lee! We’ll see if they can turn it around. I never dreamed FB’s IPO would have turned out like this. Thanks for the well wishes. I’m gonna need it.

  6. That whole facebook deal was such a mess. I’m glad I didn’t get in, but there is a good chance that it will come back as facebook grows :)

  7. Picking stocks involves mistakes, no one is perfect. What counts now is to review your investment case and take the appropriate decision following the results of your review!

    The market is crazy, no telling where any stock is going these days…

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