Thursday, May 24, 2012

Facebook Fiasco or World Market Woes?

Let's stop bashing Facebook already.  It is a totally viable company!  Many expected to "get-rich-quick" by having the stock quadruple in one day....too bad for them!  That's like playing the slots in Las Vegas...sometimes you loose.  Nothing to cry about or sue underwriters about.

It's taken years for Apple and Google to reach the realm of $600 per share.  Facebook may or may not get there, but it's not going away!

Look at the bright side....IPO price was $38/share, few could get that, now it's $32/share...the logic is to buy!  Next month with my investment allowance, I'll gladly purchase at $32/share....for the long term (5 years out), not a quick buck!