street
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Nov 30, 2016
- Messages
- 9,538
Interesting what triggers the market. I understand it is the tech part of it but amazes me what does and what doesn't at times. LOL
^ Another example of why market timing is something best left to the clairvoyant.
My broker sold all my facebook stock over a year ago, so it wasn't me -
A friend of mine was discussing Facebook over breakfast this morning, and decided within 5 minutes to sell all he owned.... Nothing like a rash decision to send the market lower. I reminded him that someone on the other end of the trade thought it was a good purchase price. Nobody knows nuthin!!!
I certainly do not consider facebook as a repository for confidential personal info, other than revealing what subjects I might be interested in.
Dow down over 400 points, and it's only 12:51 central time? I hate all the volatility we have been having in recent months.
Oh well. I guess a more positive way to look at it, is that the market always has something interesting to show us, lately.
This is how it used to be. Actually, this is still less volatile than it used to be.
I've always felt that once you put something on FB, that information is fair game for harvesting. If FB was really interested in protected our info, they'd make secure and not sharing as default plus give us better filtering tools. Instead, I always get the feeling they are playing loose with your info and continually change how to use FB so we give up.
I personally find FB terrifying.
Imagine Europe about 75 years ago: "We know where you live, where you work, what religion you are, who your friends are, what organizations you belong to, what political party you belong, when you meet....and please, show us pictures of your little children."
My broker sold all my facebook stock over a year ago, so it wasn't me -
Which was a bad decision given FB was around 140 at the time, 170+ now.
Not trying to pick on you here...I actually lost money on Facebook. I bought it on the IPO an sold it at a loss.
I might start an investment confessions thread. I also managed to lose money on NetFlix. I had 200 shares, 100 with a cost basis around $85, 100 with a cost basis around $87. Sold both in 2012 at a slight loss. Netflix is now $313, so that was a $46K mistake on a $17K investment.
I have a bunch of others too...
^ Another example of why market timing is something best left to the clairvoyant.