Facebook: The Long Haul

19 05 2012

Facebook shares closed at $38.23, barely above the $38 IPO cost; a real disappointment. When I decided to invest in Facebook, there was so much hype. Honestly, it was as if money was going to fall from the sky and all the investors were going to make tons of money. My plan was to go in and buy, then sell. Really, do I want a Facebook stock? A social media stock is just as volatile as your in-laws! However, I’m not going to sell out my stocks now. No sireee. Facebook and I are now in it for the long haul. We are now family, camping buddies, with all the blemishes, warts, and stinky socks, we are going to grow together like one big happy, dysfunctional at times, family.

Losing GM advertising isn’t the end of the world for Facebook, there are other companies out there. Just because the platform doesn’t work for GM doesn’t mean it doesn’t work for another company. Let’s not get a wedgie over this. Facebook will find advertisers.

Further, for those who sold shares, you’re going to regret selling out soon when the prices increase, and you’re forced to pay higher prices if you want back in. In a few years, Facebook is going to be a phenomenal stock to have in your portfolio. So, whatever horrible thing that happens, I’m not going to jump ship, even if the ship sinks. I’m going to survive, and even get ahead over time.

Facebook, you truly sucked on the first day, but I believe in you, or I wouldn’t have bought the stock to begin with. Now go charm the world.


Facebook Stocks Shame on you!

18 05 2012

FB-Facebook Inc (NASDAQ)

Open: 42:05 High: 45:00  Low: 38.00

Is it just me or are there others out there who can’t make money no matter what they do. I got a tip to buy Facebook stocks. Facebook stocks being the big money-maker (makes me wonder who made the money.) It sure wasn’t me! I tried a hand at stocks, I was brave enough to dish out my life saving of $400, I begged, borrowed, and went under cover as a squeegee mom to save this amount. Then I bought Facebook stocks. My very first at buying anything unusual, except for a pack of gingerbread zombie cookies. Then I watched the computer screen, my stomach in knots, hardly awake enough for such an ordeal. And there it was in black and white, I lost money the first 2 hours. The investment increased, yet I lost???? How is that?

Here’s the breakdown: I made a hefty payment of $29 to the brokerage, which got subtracted from my $400 and left me with $371 (a loss of $29). Since the stock got purchased at $40 a share, even though it climbed higher than $40, I still couldn’t recover enough to reach the initial $400 I invested. Then the prices dropped to $38 a share, same amount the IPO people paid. This made me think, how did they make money? Seems complicated. Did they somehow make the money when it reached $45, and sell to shmucks like me? Or did they make their money prior to that and pay less than $38? Or maybe they were as duped as me. I highly doubt it. The wealthy have tons of tricks, I wish I knew them. Bono, call me! Well, this is only day 1 and things may change, if not, I’m going back to being an undercover squeegee mom.

In seriousness, Facebook you have sent a terrible message! You sold a site that average people post and share their lives, to the rich, so the rich can get richer. The rich getting richer at the hand of the poor. Shame on you! There’s something gut wrenchingly corrupt with doing something as low as that. I’m glad I”m not the person who sold Facebook out in this manner, nor the person who made millions at the mercy of ordinary people.