Thread: Investing 102
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Old 07-27-2012, 09:43 PM
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GregWeld GregWeld is offline
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Quote:
Originally Posted by sik68 View Post
When FB was IPOing, I thought I'd have a little fun and sell my terribly-performing Sprint stock back in may. Sold S@$2.35 and bought FB@$38. Now S@$4.27 and FB@$23.47 ....HAHA the legend of the little man on wall st is true!

Don't worry Greg, we're only talking ~$500 in money I have allocated to play... but I sure learned a good lesson a lot more cheaply than a lot of people on Wall St!


You know the old saying about "never gamble with money you can't afford to lose!"....

At this point you might be better off just holding and seeing if they can get their chit together in a couple quarters. I remember back in the day when I had options on a bunch of Microsoft (MSFT) and for a year or longer it was underwater.... but then -- it was off to the races.... So ya never know!

You're still grounded for like the whole weekend!


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