I bought 5000 shares @$45 now my loss on paper is $35000 in one day because I trusted Cramer I thought It will hir $70 by the end of Fri. I am so worried that FB is going lower So any Advice please . Thanks.
Don't bash it yet. Does linked in worth the price? Does groupon worth the price? I bet it will bounce between 28 and 50 and may go much higher. After a few years, after the insiders and banks sale, it will go down to 10 and lower.
I'm no financial advisor, but honestly, if I were in your situation, I would sell at this 38 price, keep an eye on it and buy back at the bottom of the gap. I personally think this stock would go to 26 - 28 before it inches back up, It may not go back to 40+ for some time, if at all. IMHO.
Good Luck! I know it hurts.
IPO's on Day one! You should know! $45? Just put the sell in and who knows? IOP's, are dog fight's on day one!
Try PRE-MARKET? If you can not get out, Ouch! I expect FB to go the way of all IOPs.
Each person who buys the stock gets a "like" from "Zuck".
people one time said it was stupid to buy google at 90 and apple at 40. If no need for the money now, set it and forget it. Don't look at it, don't come here to read about it, forget it. If need the money now sell at 45.01 GTC and buy what you know. Don't fret, FB is big. Right now the trading is just entertainment.
It is not to late monday to ssssssssssssssssssss-sell-ssssssssssssssssssssss sell sssssssssssssssssssss sell sssssssssssss sell sssssssssssssssssell sell
Thank you for all advices.
My decision is to sell My FB and take my loss and just move on.
You might be kicking yourself for taking a loss that you didn't need to take.
sell before $3 pps or you wwill be bk
eos
btw...hypothetically, i may have 23,789 friends on face book all serpent-like just waiting to short the fank out of this fb fad. {FFF} {fank fake & snaked}
Hold and wait for Tue 29 th when options come out and sell the CC's
It was very stupid to sell my ARNA to buy 5000 shares of FB @ $45.
My answer is I will sell my FB tomorrow first thing in the morning and go back to ARNA they are getting FDA next month.
Cramer said that "if you are not allocated shares of the IPO, ($38.00)-------DO NOT BUY!!!!!!!!