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Warpy

(114,539 posts)

3. I sat on my hands.

Reply to global1 (Original post)

Wed May 23, 2012, 02:18 PM

May 2012

I suppose you could say I made money because I didn't lose any.

Remember, there were stories for two weeks leading up to the first day's sale that company insiders were dumping their stock.

There's no way Facebook was worth what Zuckerman said it was. It doesn't generate that kind of revenue.

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Did Anyone Make Money Betting Against Facebook?...... [View all] global1 May 2012 OP

How could you? There were no shares to short. n/t taught_me_patience May 2012 #1

They could still borrow shares to sell once trading had started, and cover later... lastlib May 2012 #6

I did. Cary May 2012 #2

I sat on my hands. Warpy May 2012 #3

I wouldn't put the blame entirely on Zuckerman on assessing the worth of the stock. LiberalFighter May 2012 #7

The only guys that made money were the ones that bought at $38 louis-t May 2012 #4

I made money buying other stocks and not wasting my money on Facebook.... cbdo2007 May 2012 #5