Aren't you glad you didn't buy Facebook? » YugaTech

Aren’t you glad you didn’t buy Facebook?

Says the Twitter DM sent to me by a close friend from the US. Just last week, we were hurriedly planning on how to get into the Facebook IPO and buy us a few shares as some sort of long-term investment.

The opening price then was $38PHP 2,230INR 3,220EUR 36CNY 277. The closing price yesterday was just a little over $28PHP 1,643INR 2,373EUR 27CNY 204.

There goes your $10PHP 587INR 847EUR 10CNY 73 a share if you actually bought into Facebook.

I’m not really into the stock market but I had the feeling FB could be the next GOOG. I remember back in 2004, I also talked with some friends into buying GOOG share when it became public.

In retrospect, my excitement is more about buying a “souvenir” rather than investing. So I look at it as a move for the long haul. Besides, I believe in this little advise that “one should only invest in money one is willing to lose”.

Anyway, just wondering if anyone out there actually did buy into Facebook out there.

Abe Olandres

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and considered by many as the Father of Tech Blogging in the Philippines. He is also a technology consultant, a tech columnist with several national publications, resource speaker and mentor/advisor to several start-up companies.

https://www.yugatech.com

13 Comments

Calvin says:

13 years ago

now is the time to buy then but i doubt if anybody would be cutting their losses this early. sa simula lang yan. facebook won’t be going anywhere for a long time.
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miccco says:

13 years ago

Too early too tell. It is usual that after IPO the stock will fall after several points. Trading is different from investing.
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miccco says:

13 years ago

Too early too tell. It is usual that after IPO a stock will fall. Trading is different from investing.
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Larry Page says:

13 years ago

“Anyway, just wondering if anyone out there actually did buy into Facebook out there.”

Yes, I did! Bought 100,000 shares!
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JmBalicano says:

13 years ago

Most people are overreacting about this, but in terms of a prototypical IPO success, Facebook’s was textbook. The goal of an IPO is to generate as much capital as possible for the company by selling shares at the highest price the market deems acceptable. This is the time when we should start assessing how well Facebook stock performs now that demand is stabilizing.
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danny says:

13 years ago

Paano ba mamili ng U.S. Stocks? Pag nag public ang Odesk.com I want to buy some shares.
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Junjou says:

13 years ago

Masyadong mahal ang opening, obvious na bababa agad after a week. Dim pa ang outlook pero sa tingin ko naman may future plans na ang facebook.
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Iyan Sommerset says:

13 years ago

How does an ordinary everyday Juan/Pedro participate in the stock market here in Pinas anyway? I have no idea. Walk-in lang ba sa Makati/Ortigas? :P
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dimsum says:

13 years ago

facebook is already at its peak, there is no where to go but down.
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Obed Cutaran says:

13 years ago

Kung gusto niyo mag invest sa stocks and you’re still asking where you can buy stocks, I recommend that you study the basics first, hindi lang yung percentage nang loss and gain and pinag aaralan, marami pa.

Like, market capitalization, price to earning (P/E), price to sales (P/S) to name a few. Hindi madaling kumita sa stock market pag tayong walang alam, maaring pag upo mo maganda ang stock value tumayo ka at uminom nang tubig bag balik mo sa computer mo lugi ka na.

Also, like what I advise to others, only invest what you can afford to lose.
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