I am going to takw a vacation day just so I can watch this thing. I am staying away but I know a ton of people who have never tarded in their lives and they want to buy that first day. This thing will at 40 and shoot up to 65 .. maybe high of 70. I wonder our the day traders will play this.
Bad day #2 for FB
So, it looks like investors are not too happy with Facebook this morning.
The company's shares have plummeted in early trading, hitting a low of $33. As of this writing, the company's shares have climbed to $33.16, representing a 13 percent decline compared to its opening price of $38.23. The poor performance puts Facebook much lower than its $38 initial offering price.
The writing appeared to be on the wall this morning when Facebook started trading below $38 in pre-market trading. Before it started trading today, Facebook's shares were hovering around $36 in pre-market.
...perhaps a better option is to invest in publicly traded niche development companies likely to be bought up by FB: you'd have a better chance to multiply your investment than to buy FB stock - how much time would it take for you to make significant income if you buy FB even at $25 (now it's $30.72)?
Not sure what you meant by "significant income"....stock market in general is a giant casino nowadays, you're in for gambling, NOT investing. How much you make/lose depending on target(s) of your own trade(s). I placed a buy order of 800@$25 a while back but the stock quickly bounced back when it hit $25.50, my order never went through.
We'll see when its lock-up period expires.......
We'll see when its lock-up period expires.......
What I meant was to at least double your investment: not necessarily to invest in a competitor (Zynga) in the hopes that FB buys them but rather to invest in a company that developes something FB would eventually want... They recently purchased some kind of photo identification developer - look for things in that kind of vein and invest in whatever looks most closely related to FB's development strategy...
