
Honestly, I find myself less and less inclined to be on facebook. I have most of my high school on there now and it just reminds me how I'm glad I'm not there anymore. Internet needs to get back to its roots: porn.
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Facebook's stock plunged to a new low Thursday after the expiration of a ban that had prevented some early investors and insiders from dumping millions of additional shares they own in the social-networking leader.

Read More: http://hosted.ap.org/dynamic/stories/U/US_FACEBOOK...
In the meantime, I've made a KILLING on FB. In late May, the folks on CNBC were saying that the stock was overpriced, so bought the Sept 22 PUT option at a $30 Strike when the IPO came out at $38. ...paid < $2 for each of my 5000 contracts which are now worth over $10/contract!
I guess I should go ahead and sell so as to lock in my profit... no point in being labeled "greedy" by the LibProgs. That way I can start looking for the next overpriced "Hot Stock" de-jur!
(in China)
I do not subscribe to FB.
The IPO was meant designed to fall. It was purposely overpriced as a pump and dump stock. Insiders made a fortune, while the rest of us useful idiots fell for the scam.
You... me... anyone... could do the same. CNBC... Bloomberg News... Fox Business... all said the stock was overpriced... so I bought 5k "Put" option contracts on the CBOE and I'm up over 500% so far. But I do think its time to sell and take OUR prifits ("our" being my profit and my Uncle Obama's profit)
I just don't understand how the general public thinks investing is only for "insiders" Don't you folks have cable TV and internet? If a little ol' widow women in rural Fla can do it... what up with "insiders"? Please explain, Dan.
Thanks AV
I can pull random statistics out of my ass as well.