Thread: Investing 102
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Old 05-31-2012, 12:27 AM
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GregWeld GregWeld is offline
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Here's an interesting take on Facebook (FB) === and is the reason I originally stated that I would NOT buy the shares. I did buy some on the IPO @ 38 - but promptly sold them for a loss once it was clear the IPO was an epic fail...

I've always said this kind of stuff is nothing but a fad. I can't own fads because I can't understand them nor can I predict their future/failure. Failure doesn't mean ZERO -- it just means that longer term they're irrelevant based on what everyone THOUGHT they'd be.


http://www.latimes.com/business/la-f...,5676320.story
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