OFFICIAL Facebook IPO Thread
- Thread starter guerilla
- Start date
Unfortunately, this is incorrect. The majority of the world doesn't believe in a sky daddy.
"Biblical fact"... remember that this "book" you speak of was passed down by word of mouth first and then written down, by people who thought the world was flat, and the earth was the center of the universe. Think about that mentality first, and the ask yourself if the word "fact" should be replace with "folklore".
A majority of people may not believe in medieval metaphysic propaganda...
"Nowhere in the Bible does Jesus have a sword fight."
But again, I think we were talking about Facebook...
I don't believe in a sky daddy either.
That wasn't the point.
My use of God wasn't a literal God, but the concept of what it takes to not be a speculator, basically, to know everything.
Some of you guys are really dense. It's scary tbh.
This is an extremely dangerous but common way of thinking. Never throw more money at a losing trade. Never.
When I enter a trade, even if it's going to be a long term hold, there are only two logical ways of managing the trade.
I'm either:
1) Right
or
2) right OUT!
Losing is not a problem. The best traders are wrong all the time. Don't let ego destroy your account. Be wrong often, but lose SMALL, don't add to a losing trade. Depending on the trading plan or system it's not at all uncommon to be able to be completely wrong 60+% of the time and still make good money. I will honest though, it's damn hard to do. Our ego's don't like being wrong so we end up doing the exact opposite of what is logical and profitable.
We hold the losers,
and
Sell the winners.
This is human nature, and most traders/investor suffer from this affliction. This needs to be reversed. Hold the winners, and quickly sell the losers.
This is my opinion based on decades of experience in the markets. I've lost more money than most people in the world will ever have. I've learned the hard way and paid my dues.
Hold the winners, Sell the losers.
Your either Right or your Right out!
Actually, this thread is turning out great.
We've got facebook, mental retardation, economics, trolling, philosophy, emotional immaturity, investing methodologies, too serius posts, stock analysis and more.
This might end up becoming the Wickedfire Rosetta Thread. Be proud to be a part of it.
I swear this thread reminds of this...
[ame="http://www.youtube.com/watch?v=TexL-eyZHzo"]In Living Color Oswald Bates Meets the Parole Board Season 2 Episode 15 - YouTube[/ame]
[ame="http://www.youtube.com/watch?v=TexL-eyZHzo"]In Living Color Oswald Bates Meets the Parole Board Season 2 Episode 15 - YouTube[/ame]
If it makes anyone feel better I bought Netflix at ~$15 and sold it at ~$20 thinking that's as high as it'd go.
Like how most people who put thousands of dollars into Facebook last week feel: Shitty.
My sentiments are in line with this guy's:
Facebook's stock should trade for $13.80 - Commentary: Here's a fair-price calculation for Facebook
But, as Professor Ritter pointed out to me earlier this week, “the bigger a company gets, the harder it is to maintain percentage growth.” And Facebook is already huge — larger, in fact, than all but 47 other publicly traded companies in the U.S., by market capitalization.
Facebook's stock should trade for $13.80 - Commentary: Here's a fair-price calculation for Facebook
But, as Professor Ritter pointed out to me earlier this week, “the bigger a company gets, the harder it is to maintain percentage growth.” And Facebook is already huge — larger, in fact, than all but 47 other publicly traded companies in the U.S., by market capitalization.
A few more great articles on Facebook's valuation:
[ame="http://www.youtube.com/watch?v=VvaSwXye3tM"]Cramer: I Think Facebook's Numbers In May Were Really Bad - YouTube[/ame]
- Why Facebook Shares Could Continue To Decline Through 2013 - Seeking Alpha
- 10 Reasons To Short Facebook - Seeking Alpha
[ame="http://www.youtube.com/watch?v=VvaSwXye3tM"]Cramer: I Think Facebook's Numbers In May Were Really Bad - YouTube[/ame]
I haven't been banned since they went public (prob get an account banned tmrw just for saying that) but my guess is that they've somewhat relaxed their rules to get the earnings up. If that's the case then them going public has helped our cause and we'll prob see them bring up revenue this quarter.
People are probably going to say that affiliates bring in very little money for them, but take a look at their ad boards and I'd say we bring in more than GM.
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