Thread: Stock people
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Old 04-19-2012, 12:25 PM   #53
Old Rum
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Join Date: Mar 2004
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It's a terrible long term investment, don't get me wrong. But, the hysteria of the facebook IPO creates quite a buzz. On the days where volume is through the roof and the other social plays are moving (QPSA, RENN, ZYNGA etc.) it is easy to make 20-30% in a few hours. I am only looking for the quick in and out. The balance sheet is garbage and they just turned over their CEO, too. Earnings at the end of March were bad but I think most of it was already baked into the pps.
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