Lol....maybe I should be constantly posting about how im going to make more money than everyone on the board because im getting As at UT Arlington
i'm tempted to write some calls and pocket some easy money but i'm scared with the way something like this can be so random and volatile. sure enough as soon as i wrote a call, the underwriters would have a trick up their sleeves and it would get exercised before the stock tanked back down.
or maybe you should do the exact opposite and advertise how stupid you are rather than how smart.
"herp durp, im gonna buy facebook her durp!"
I went through my y college phase a long time ago, you just weren't posting here at the time.
Yeah it sucks to lose money, but im sure you're so smart you plan on never losing money in any trade for the rest of your life right? #possible
Dude, i'm not even going to be hard on you. You're really not so bad. I'll let you in on a little secret, the school smack thing is a joke between me and fkla we are just ing with eachother. I'm sure I'm not the only one who's ever made good grades at an average school. my plans are a lot bigger than UTA.
in real life i'm not that big of an asshole i just expect to make a living thats all. everyone makes mistakes, but you really should think long and hard before you make any investments. it's even harder today for an individual who isn't "in the know" if you know what i mean to outperform the market with all the market manipulation and computer trading that goes on. they are constantly trying to prey on the household investors and thats why they hyped this thing up so much, knowing damn well facebook isn't worth 100 billion dollars.
rofl m>s's thing really is just a persona.....from the conversations I've had with him he's a way more modest person than I am.
I just hope the day traders lost big.
dok what do you say we write some out of hte money calls i saiddddddd
I wanna buy some of dem put options. Naked calls are too risky for me especially with a volatile stock like det.
Down to $37 in pre-market.........
Down to $35 now
$33......
Shoulda bought the damn puts..Sucks knowing how to make money but being too much of a broke college student to act on it
LOL, dropping like a turd from a tall horse...
Phew, got out before to much hit the fan
Looks like it finally found a real floor in the 33 range down 12%. I had the pricing right but didn't anticipate the underwriters falling on their swords to protect facebook like that.
The WSJ is reporting the brokerages involved in the deal suffered "significant" losses.
and yet "(orgiastic) greed is good"
I can only imagine how many insiders are counting the days until the lockup period expires.
I can't believe I even tried to make a play with FB. Even more unbelievable is I didn't get my ass burnt completely off.
I don't think it should be done tanking honestly.
$25 would be a fair price. Anything more and its a rip-off
^what model did you use to derive that?
just going by gut, Zuckersuck and his pals have always seemed a pack of devious skunks to me.
Glad i avoided.
Sorry about those of you who jumped but glad to read most of you got out quickly.
So it was $33.81 at noon. Damn, it would have been nice to have bought a grip of put options.What the is this going to be trading at by noon Monday?
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