Quote:
Originally Posted by GregWeld
No -- Let's be HONEST... not arguing - just pointing out the reality. I personally made money this year on Twitter - Facebook - Alibaba and GoPro TRADES (I bought and flipped). I don't post that because I don't want people copying what I'm doing/do. Everyones situation is different. You were LUCKY. That's my point. Had you bought Twitter instead of Facebook - you'd be DOWN 40%. Whatever your choice(s) might have been doesn't matter -- some readers here would have missed the FB IPO and watched it stream ahead - and therefore plowed into TWITTER and lost their asses (SO FAR). That's not to say they, or you, might have bought some other name, and been equally up or down. The point of the OP was that these IPO's are not guarantees of success... the way you'd think they might be given the way they are touted on TV. The biggest IPO ever in history (BABA) lags behind if you'd just bought the NASDAQ.
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I can't disagree more I wasn't lucky by buying FB I was strategic an have and maintain a significant knowledge if the tech sector... Which will eventually lead to a twitter purchase ...
I understand more about the sector then the financials which is a very big lever that folks should explore...
I don't flip and stocks and I am up 31% market value this year on a whole yet couldn't tell you what the P/E is on any of my holdings
