This has to be the worst performing IPO out of all IPOs that were ever hyped up like this, right? It makes the stock market look like a joke, it makes Occupy Wall Street crazies look smart, and it makes Facebook the laughing stock of the world. And it personally cost me $4000.
I was suckered in mostly by the phenomenal first day performance of the Linked In IPO. I thought, hey, Facebook is even bigger and more well known, there will be an even bigger pop I can take advantage of. Not out of greed, I just wanted to finally get out of my investing hole.
Instead, I was the one taken advantage of, buying 900 shares at $42 when I saw the first 10% pop, and selling them at $38 in panic when it became clear the floor was being artificially supported by the underwriters.
I don't understand at all why this stock did not perform like Linked In. I'm never touching an IPO again. This was my first experience and my last.
Anyone else in my predicament, or am I just the biggest fool in the world?
First of all, its too bad you lost this money. A lot of people took this risk today and lost, I was tempted but just could not hit the confirm button since I am scared to death since my last six trades have lost me money, not much but enough to make me very wary. Personally, I think I am going into gold stocks for now. Hang in there, and if you are healthy and happy that is the best investment to have.
Gold stocks have decoupled from the value of gold itself.
Invest into the bullion and not the mining companies, their operational costs have been going through the roof.
GLD (SPDR Gold E.T.F.) is a better bet IMO if you can stand the volatility.
Well for starters when you price it as the 23rd largest company in the US, but it is 909th in terms of revenue there really isn't much upside left. I mean how big is it going to get? If it doubles it's almost as big as MSFT. Growth? Sorry bag holder they priced the growth out of this stock already.