I couldn't take it anymore. I could see the writing on the wall. Had been scammed by Wall St. Should never have listened to the CNBC hype. It is my own fault, I should have known better than to buy stock (worthless paper) in the first place. Lost big on this one. Kept holding on hoping the Titantic would turn around, but now I see the ending. Lost half my investment, but when it sinks to $5 a share I will be happy I got out now! But in the meantime I am #$%$ I am more #$%$ that the goverment has not done anything about this. I am #$%$ that no one was fined, fired, chopped into pieces, or nothing. Someone must have done a Jamie Diamond and paid off all the regulators as usual. Considering how dire the fiscial cliff is, you would think someone in Washington would have found a scape goat by now, before everyone files their losses come tax time.
Sentiment: Strong Sell
i agree he sold at the worst time should have rode it out and stocks are not going anywhere and still the best place to invest money just have to protect yourself ( hedge your position) i like facebook long term but it will swing wildly in short term. might see a new low ( i doubt it) but 3 to 5 years this will be a 100 dollars per share and if you buy in at 20 where else can you get 5 times your investment in 3 years
Sentiment: Strong Buy
If you want to change washington vote obama out. He divided our country, ruined prosperity and for that reason he does't deserve second term.
but don't give up on investing. Just be more selective. Ipos are not proven companies. Buy something like ge, msft, intc, - more conservative stocks.
topic creator puts all his money in an overvalued pos company and whines when he loses half his money.. booo freaking hoo. You also seem overly emotional and have no idea how stocks are valued. Funny, i am making lots of money in the market this year i put all my money in apple in feb 2012 best decision i could have made with my savings its fun to watch it grow each month.
But go ahead and buy pos over valued companies and then whine about your stupidity here.
You mean lied to at the IPO! Earnings were overstated and the market was flooded with too many shares! Has nothing to do with emotion. We were LIED to and no one was held responsible. And to the second part of your statement YES I am out of the market FOREVER!!!
Pretty soon you will have no one to trade with but yourself!
Sentiment: Strong Sell
You deserve to lose all your money for selling looks like you let the shorts beat you what a total shame. This will never go under more than $18.00. Shorts can not get the job done for that price. This going to go nowhere but up coming very soon. I suggest shorts better cover or they will be very sorry.
It is not going to $5, it is going to $0. This is one of the most worthless companies ever created. It leads to a loss of productivity in the workplace and does nothing but cause problems. This was a huge pump n dump orchestrated by wall street, cnbc, and several people who have last names ending with BERG, STEIN, GREEN, etc. I am short this PIG and will not cover until it is $0.00/share.
Chill just a minute and learn from this experience. There were 3 tells that should have at least thrown up a caution flag to you, if not a stop sign.
1. If the public (small investor) can get an IPO it is really very simple --- you don't want it. So basicly that means that we ( the small investor ) should not even be thinking about the IPO market.
2. This stock actually was trading long before the official IPO and had run up in price quite a bit. This was public knowledge.
2. On CNBC, the same place you are bashing so much, we learned earlier in the week before the IPO that Government Motors was pulling their ads.
Those three things is really all one needed to know to leave this one alone.
RSI Indictors popped 11 times in the past 3 months. They usually never lose in the long run, except in recession. Although at 67 P/E, I don't think RSI, or any other indicators, really matter. This is a speculative POS. Wait until a P/E of 40 and we'll talk; and that even seems highly overrated to me.
I agree, Paul. That said, I'd say it's definitely a momentum play. There are a lot of folks watching from the sidelines (myself included) and it could move fast. This is a sh*** time of year for stocks anyway. Yeah - I believe all bets are off with the common indicators.