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 $38. The closing price yesterday was just a little over $28.
There goes your $10 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.