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This whole Facebook IPO has got to be the worst I have ever seen traders whine and the market be irrational. 90+ P/E is okay, but new projections scare you?? Re
by howeyc 14y ago
This whole Facebook IPO has got to be the worst I have ever seen traders whine and the market be irrational. 90+ P/E is okay, but new projections scare you?? Really?? They are projections!! I project I will make 10 billion dollars next year, buy stock in me!
This IPO was perfect from Facebook and intial investors perspective, it shows they priced the IPO to extract maximum value (they didn't lose any value to market traders via a "healthy POP").
Traders obviously placed the wrong bet, boo hoo, suck it up. You can't win on every trade. You think they'd know that by now.
This whole "I bought a sure thing that wasn't and someone else must pick up the tab" mentality is crap and must be stopped. I hope they lose this suit, or at the very most get pennies on the dollar.