OFFICIAL Facebook IPO Thread
- Thread starter guerilla
- Start date
Yes, but I think there are a lot of reasons to view the FB disaster as its own special tub of shit. That stock was tanking while the rest of the market was rising.
I'm not saying it means nothing because it certainly sours the IPO calendar for the time being (how could it not?), but I don't see how disruptive it would be to venture capital in general. Startups are years from going public and even at that Facebook is a VC success story. Fuck that guy! (but let me follow him on Twitter first)
Thanks! I honestly haven't been this excited in a long time. Affiliate marketing has started to bore me to a degree even though the money is unmatchable, so getting into trading is making me upbeat about making money again.
I've decided that I'll be making a daily video updating everyone on my portfolio results, what I sold/brought and what my intuition says for the next day. Keeping a log like that will be pretty cool for me, and possibly learn from my own mistakes a few weeks - months down the line.
If any newbs in trading out there want to get together and chat in a Skype group, let me know. I might start it, but please only PM if you will actually be trading.
I'll post up my first video later tonight, I have some funny news along with it.
[ame="http://www.youtube.com/watch?v=UgO3W72ApTc&feature"]Trading to Riches - June 5, 2012: +$1,108.19 - YouTube[/ame]
Recommend viewing on 720 and on larger screen to see the values.
Recommend viewing on 720 and on larger screen to see the values.
It's awesome you're taking the time to do this, plus being so transparent!
For anyone looking to learn, Stockhideout had great lessons on reading charts.
Not sure if mgrunin has a better resource, but learnt tons there myself.
This was what I was afraid of mGrunin, the stock is actually starting to rally today. It might be temporarily, and drop, but that $26 was a bottom my gut said. Keep with it and see what happens on Friday.
Fucking Crammer had to come in and ruin the shit, hah. The rally was only because he said that FB is a buy at this price.
I am planning to do some selling today.
I'll have everything updated in the next video I do this evening.
I'd be very cautious shorting at these levels... it's down 40% from the highs of the first day.
No surprise but short interest is way up (which could pop at any time)
Facebook is Top Short-Seller Target Among Large Stocks - Bloomberg
Give the huge rally in the overall market, I'm surprised FB is basically flat.
No surprise but short interest is way up (which could pop at any time)
Facebook is Top Short-Seller Target Among Large Stocks - Bloomberg
Give the huge rally in the overall market, I'm surprised FB is basically flat.
Also, the current price of $26 is about where Goldman Sachs invested $500M back in Jan, 2011.
I wouldn't expect much downside from the $25 level until the next earnings are out.
I wouldn't expect much downside from the $25 level until the next earnings are out.
In the world of Facebook, that is a rally!! Look at their profit margins, and look at their valuation... that's a FACEBOOK RALLY! LOL...
Good luck bros.
Funny thing is I was watching the Crammer episode last night, and thinking of how it would impact you, mGrunin.
Looks like this stock has reversed its downtrend as it has crossed yesterday's HOD and showed fantastic support with 54mil volume; expecting steam to build from here and continue the uptrend.
The rally today looks like a short covering rally to me. Look at the size of the rally last Thursday, and then look at today's rally. I'm not impressed yet.
I think if you are consistently profitable and your trades don't have so much risk that they could wipe out a lot of your previous trading profits, then it's not gambling. If this isn't the case, then you should be trading on a paper account or doing something else.
It's not worth losing both time and money trying to figure out how to trade imo.
I think if you are consistently profitable and your trades don't have so much risk that they could wipe out a lot of your previous trading profits, then it's not gambling. If this isn't the case, then you should be trading on a paper account or doing something else.
It's not worth losing both time and money trying to figure out how to trade imo.
