I wasn't really just dumping on FaceBook -- just using it as an example of what can go south -- and just how quick it can go that way. It's real easy to stand to the side and examine the carnage.
Obviously -- had their IPO gone to the moon -- everyone would wish they'd gotten in.
BUT... That is the gambling lesson to be learned. And it's a hard lesson to learn! The excitement - the hype. It's like buying a lottery ticket when the prize is 300 million. Everyone is buying into it. But that's 20 bucks not 2000 or 20,000. So in my mind - 20 or 40 is fine to lose. But if you loose a grand when you've got 10 grand invested - that's 10% - and that's an ENTIRE YEARS performance down the tube.
Last edited by GregWeld; 08-28-2012 at 03:20 PM.
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