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(The Year 2012 In Review)
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|User Info||So What REALLY Happened Around FBIpo Time?; entered at 2012-05-23 09:25:05|
Any expectations of a huge move higher were based on pure hype, and nothing else. So if someone bought and got burned, that's what usually happens when spinning the roulette wheel.|
There is no substance behind FB justifying these valuations. Over the long run, FB may prove to be a high-value company and justify such valuations, but there's nothing there right now.
I did qualify my question by asking what sensible person would buy at the open. Most sensible people don't gamble and expect profits.
Last modified: 2012-05-23 09:27:53 by bsfootprint