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I realize this is likely a tongue-in-cheek response, but I wouldn't have touched (and didn't) the FB IPO from either a long or short position. Too much emotion
by SeanDav 14y ago
I realize this is likely a tongue-in-cheek response, but I wouldn't have touched (and didn't) the FB IPO from either a long or short position. Too much emotion and too much hype.
Even if I believed the stock was grossly over priced it would have been silly to take a short position because the stock was and is quite capable of spiking hugely. In this case you might be correct about the value of the stock but can still be taken out the market due to "irrational" movements in the price.
The "real" value of FB starts becoming "realistic" somewhere below 10 and unless FB announce some major improvement in revenue generation I just cannot see FB going anywhere but south in the short term.