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I believe a real valuation for FB should be at $15 and then grow from there. Everybody wins in the long run. But the market is not made to make everybody win, a
by Kilimanjaro 14y ago
I believe a real valuation for FB should be at $15 and then grow from there. Everybody wins in the long run. But the market is not made to make everybody win, au contraire, to take the money from the fool in every possible way.
You saw how MS placed a concrete floor to the stock on opening day, even buying over 60 million shares to avoid a collapse.
Everybody thought it was solid enough then they invested.
Then it dropped.
Then they panicked.
Then they sold.
Then it stabilized and everybody thought it was ok now.
Then it dropped even more to its real value.
Almost a trillion dollars changed hands in just a week. Only a few got rich.
A fool and his money, that's wall street credo.