Today is a red letter day for me.
I bought Facebook stock today.
Scary, unsettled, uncertain.
So, everyone knows I bought at $20.00.
I placed the order to buy @ 20.00 - two months ago.
Today's the day!
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
What is your plan? Is this an investment or trade? Im not a fan of FB stock at any price but that is what makes the market. May all your arrows be green.
When FB originally announced that they were going public, I laughed. My wife on the other hand said she thought it would be a great investment for the kids because it was a company they were familiar with and wouldn't it be fun to see how it would grow with their generation.
So, based more on the standpoint of a science/economic experience, we decided what would be a good price, fair price, and affordable price.
We placed our order through Ameritrade.
Anyway, to answer what this is experiment is: Investment.
Also, I plan on using it a little to re-initiate my trust in my knowledge by researching the way it performs with the rest of the market.
Peace!
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
IPO lockup expired. Back below 20.
Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
If you've got faith in progress it's time to double down - a little pain is positive for investor development.
I like it for valuation - they will make money some day, but technically it's a wreck and I have been burned bottom fishing too many times. I'll wait for a better technical setup, even if that means buying at a higher price. Something I learned from RevShark.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
It's just sad how the average investor got sucked into the hype. It's still over hyped and apple is close behind.
100 G
RSI - Relative Strength Indicator DMA - day moving average
I bought housing stocks back in 2009 when they were on their backs like dead cockroaches - but have they finally turned giving me some nice profits. I don't plan to sell them for several more years when the Dow is approaching 20,000.
I hope they'll return so I can have someone to sell to in the future - it may be the Chinese this cycle.
Well, hmmm, $31+ today, I wonder what the "mystery" announcement is?
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
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