Facebook should enjoy being on top while it lasts, and while people give a fuck about their stock. There was once a thing called myspace.... Then there was myspace with flash browser games integrated, and it was called facebook. I think letting people choose your value is ominous.... And I'm just fine with them not seeing it now, and it looking like the whole thing is going fine.
It'll start out overvalued and exciting, then all the artificial valuation will eventually wear off, and things will go south again, and people buying in on a trend will get burned. Then, they'll all go out and get snockered. Buy stock in whiskey and vodka, not FB.
Hmmm, thanks for the comments. I think my mate is going to invest today between equivilent of $1500-2000, maybe I should have a word with him
Gee, this is getting frustrating now - 26 mins after the 1st trade should have happenened! What the heck is happening at nasdaq:devil:
LOL. I pleased it staying around IPO tbh before my mates buy order goes thro. See how it opens on nasdaq monday. I think at end of next week/next month will jump.
I don't have any funds I want to invest - the only reason I started this thread was to gather information so I could advise my mate
The time it would have been wise to invest in FB was when its stocks were down and not up. Now that you can buy fb stocks it cannot get much more valuable. In fact things may only get worse from here, now that many new social networks are being formed that might take away FB customers. Now that we are in the crisis the thing to invest in are one of the many firms that are doing poorlyand have stocks that are cheap where you think they may increase in value. I remember making the mistake in thinking that that Microsoft yould be wise to invest in, during the year 2000, when Gates was still the wealthiest man in the world. Then it got into legal defficulties, rumours had it that Microsoft might split or even no more exist, and its highly expensive stocks went down in value. At that moment I thought to myself, thank goodness I never invested any real money in Microsoft.
^^^Good point, well made. I will just have to keep my fingers crossed for my mate who is seeing FB as a good 2-5 year+ investment