05-18-2012, 05:45 PM
Ha, yeah, what a bust. The LinkedIn IPO tripled the first day, and I thought FB would do at least that well, with the excitement around it and the fact that almost everyone seems to use it. I think opening the IPO shares to the dirty masses (like me) actually contributed to the problem - because most people who wanted shares were able to get at least some, there were less buyers today than otherwise.
I already sold most of them mid-afternoon, since I don't think FB is going to last in the long term. I kept in few in both IRA accounts, just in case they do become the next Google or Apple. That way I can be one of those annoyingly smug people telling you that they have IPO Apple shares they bought for 10 bucks.
I'd already kind of lost interest when I only got a fraction of the shares I asked for, and now I'm glad I didn't get more. Tomorrow is the first time it will really be possible to short the stock (no shares to borrow today), so it will be interesting to see what happens...
I already sold most of them mid-afternoon, since I don't think FB is going to last in the long term. I kept in few in both IRA accounts, just in case they do become the next Google or Apple. That way I can be one of those annoyingly smug people telling you that they have IPO Apple shares they bought for 10 bucks.
I'd already kind of lost interest when I only got a fraction of the shares I asked for, and now I'm glad I didn't get more. Tomorrow is the first time it will really be possible to short the stock (no shares to borrow today), so it will be interesting to see what happens...
Ex SWG, L2, CoH, Wow, and War
Currently PvPing in the stock market
Currently PvPing in the stock market