Facebook is Like Flat Pop

19 05 2012

Friday’s Facebook launch had so much adrenalin, yet didn’t deliver; it was like drinking flat pop. I was on the telephone with my brokerage at 9:30am putting in my stock order, and the lady made me laugh. She said it was far too early for such excitement, and rightly so, I needed 3 cups of coffee to get my body in line with the energy going around.

My stomach went in knots, to constant checking my computer back and forth from seeing whether the order got filled, to current market value prices, to noticing the NASDAQ going down–oh, oh–this was problematic. Then my order didn’t go through until 11:40. I almost cancelled my order. Just as I went to push the cancel button, the order got filled.

For those with IPO’s who paid $38 the previous day, it was a great time to sell when it reached $45. By the time the brokerage purchased my shares, it was down to $40, in a way, I was glad for the delay because the shares might cost me $45. Purchasing at $38 would be even better, but who knew what was going to happen next? Sure was a crazy morning.

Looking at the computer screen, the numbers began to climb, there was such a great expectation that the numbers would continue the upward motion. Nothing of the sort happened. It was like drinking flat pop. By the time it was 1:30pm, you could tell there was no significant change about to take place.

I managed to read some articles in the meantime. An article was posted about Facebook being sued. Already? I thought. It’s just making a debut on the stock market, sheesh, give them a chance. Further thoughts to flatten the pop.

I’m a real optimist in situations that seem hopeless. So I’ve tried very hard to see something positive in Friday’s trading. And guess what? I found an angle. I’m happy the way things turned out because stock prices dropped down to $38, it was like the general public participated in the IPO prices. Rich and poor alike had the same opportunity to buy the stock at the same price. Except that those who purchased at the IPO prices a day earlier could sell their $38 stock when it reached $45, unlike us schmuks who started with a higher number, went down, and never went back up again.  In any case, when Facebook prices jump to $400-$500 a share in a year or so, it won’t matter whether the stock was purchased at $38 or at $45.

Here’s to flat pop.  Facebook, you rock.

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