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:+1 Facebook IPO set target price to 38$. It went down immediately at extreme point falling down to 18$ a share. It only got back to 38$ after around one year.

:+1 Facebook IPO set target price to 38$. It went down immediately at extreme point falling down to 18$ a share. It only got back to 38$ after around one year. What is the price now? 137$ Not saying this will happen to Snap, just saying IPO-s usually show similar dynamics.

codecamper 10y ago
I'm the biggest loser, having bought $60,000 worth of FB at 18, only to sell it at 19 or 20. Geez O Pete. I couldn't get comfortable with such a big chunk of my net worth in one stock. Not sure if Snap will perform the same miracles as FB however.
- fab1an 10y ago
  You shouldn't judge decisions purely based on their outcome, and especially not with stocks. If 60k is a significant chunk of your net worth and you don't want to just gamble, it was probably rational to at least sell part of it...
- mobiplayer 10y ago
  Getting 5-10% extra is a win in my books. You did the right thing at the time, don't sweat it.
  - csomar 10y ago
    Not really. If he bought a volatile stock and sold with only 5% profit, then he didn't make much considering the risks he was taking.
    - tinco 10y ago
      He also did not lose much, considering the risks he was taking..
    - hndamien 10y ago
      There is never a bad time to take a profit.
- AJ007 10y ago
  I did something similar with Netflix after their streaming/DVD debacle. Bought a bunch low, and then quickly sold it after the recovery. I sure missed out on a massive return!
  - dabber 10y ago
    And a split :( ...I did the same
- bfrog 10y ago
  Gains are gains. It's not the gains you wish-you-coulda-woulda-shoulda, it's the losses!