Official Investing Thread

[joeking1978]

I'm going to be opening a brokerage account next week. Finally have all revolving and most installment debt paid off with the exception of the wife's student loans and our car payments (housing a well).

Kind of excited to start playing around legitimately with little day trading instead of the toying with the basic retirement based investment funds...

[aaugusti]

Facebook, more like Flopbook.

Sinking like a stone.

Update: First trade at the open is at 35.50-35.60 range. Down 7%.

There is a sucker born every minute.

[GaryAngel]

I would never have touched that IPO, that had bad written all over it after GM pulled it's ad dollars right before.

[pGekko]

70+ multiples usually aren't a good thing.

[ChrisBrown]

Guess it's a good thing my order didn't go through.

[pGekko]

http://online.wsj.com/article/SB1000...googlenews_wsj

lol f FB.

[GaryAngel]

Right FB is at like 34.55 Ouch for the second day of trading.

[The Black Hand]

When I posed that question about Facebook last week I had no idea they were issuing that much stock.

[GaryAngel]

Worse part about the 10% down so far today, is the Markets are up, Dow up over 100 points, NASDAQ up over 60 points. What a piss poorly done IPO.

[aaugusti]

Two people who work at Morgan have told me this IPO was a complete and utter ****storm. The demand on the institutional side was not there, and on Thursday night Morgan called every FA in the firm and told them to come into the office to call clients to get them to buy shares.

I have also been told that Execution confirms that shold ahve been out Friday were not even printed until today, so you had people who sold their shares at the market, but had no idea what they received for them until today.

[GaryAngel]

I am told hedge funds that bought the stock were getting 500,000 to 700,000 more shares than they put in for. And that spooked them and they dumped part of their facebook position.