Quote:
Originally Posted by GregWeld
Just happened to check in on FaceBook (FB) this morning.... WOW! Those guys that bought and stayed in it -- it's climbing nicely... but WOW what a gut churning ride that has been!!
So here's why I post this....
Remember we talked about GoPro (GPRO) and about "waiting" -- and rather than thinking you missed the biggest "deal" ever... that if you wait and be patient -- there is always time to get in. FaceBook looks like the HYPE has been wrung out of the stock, and now it might actually be trading based on MAKING A REAL PROFIT. That's important -- because without that key metric -- stocks go down faster than they go up! And that's where people get killed in the market. They buy the hype -- and then sell out when the air goes out of the name.... Sometimes those names NEVER come back -- and sometimes they report that they're making real money (as in profits and margins) and then they can stand on their own two feet without the hype baked in. Now you can make a real decision based on facts and not just hyped hopes.
Not saying to buy or sell it -- just using it as a recent example on buying IPO's
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Well thanks if remember you in the beginning very down on "facey book" I got in during IPO at 38 the more at the drop ...... I hope to be posting a similar opine message on peer to peer in a year....