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I bought facebook at 25$/share shortly after IPO. It was getting hammered, and I got scared out of it and sold at 22$. a year later it was in the 150s. i bou
by autokad 9y ago
I bought facebook at 25$/share shortly after IPO. It was getting hammered, and I got scared out of it and sold at 22$. a year later it was in the 150s.
i bought alibaba for 115$/share shortly after its ipo. it sank like a rock almost immediately after. it continued to the 60s I think, but i held onto it because i believed in the story and its worth. I eventually sold at 185$/share about a year later.
not sure if this helps you though, stocks and cryptos are fundamentally different. I didnt look at current numbers, I looked at the story and what I believed was ahead.
- icedchai 9y agoThis sounds like an exaggeration. Facebook didn't rise that quickly. The FB IPO was in 2012, and it didn't get into the 150's until 2017. There was plenty of time in between to get back in after seeing the uptrend. (Full disclosure: I've been holding since 31.)
- autokad 9y agoops, bad memory, didnt realize that much time has gone by. it stuck in the 20s for a year, the following year in 2014 it was in the mid 60s for a 3x return. even from 2012 - 2017, you are still looking at 6x returns, which is very good.