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A comment on Snap Tumbles Below IPO Opening Price as Analysts Say Sell. Parent comment

Re:Snap Tumbles Below IPO Opening Price as Analysts Say Sell by ffjffsfr on Tuesday March 07, 2017 @03:15AM (#13808994)
:+1

Facebook IPO set target price to 38$. It went down immediately at extreme point falling down to 18$ a share. It only got back to 38$ after around one year. What is the price now? 137$ Not saying this will happen to Snap, just saying IPO-s usually show similar dynamics.

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Re:Snap Tumbles Below IPO Opening Price as Analysts Say Sell by codecamper on Tuesday March 07, 2017 @04:41AM (#13809291)
I'm the biggest loser, having bought $60,000 worth of FB at 18, only to sell it at 19 or 20. Geez O Pete. I couldn't get comfortable with such a big chunk of my net worth in one stock. Not sure if Snap will perform the same miracles as FB however.
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Re:Snap Tumbles Below IPO Opening Price as Analysts Say Sell by fab1an on Tuesday March 07, 2017 @04:45AM (#13809312)
You shouldn't judge decisions purely based on their outcome, and especially not with stocks. If 60k is a significant chunk of your net worth and you don't want to just gamble, it was probably rational to at least sell part of it...
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Re:Snap Tumbles Below IPO Opening Price as Analysts Say Sell by mobiplayer on Tuesday March 07, 2017 @05:29AM (#13809451)
Getting 5-10% extra is a win in my books. You did the right thing at the time, don't sweat it.
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Re:Snap Tumbles Below IPO Opening Price as Analysts Say Sell by csomar on Tuesday March 07, 2017 @06:32AM (#13809643)
Not really. If he bought a volatile stock and sold with only 5% profit, then he didn't make much considering the risks he was taking.
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Re:Snap Tumbles Below IPO Opening Price as Analysts Say Sell by tinco on Tuesday March 07, 2017 @06:51AM (#13809717)
He also did not lose much, considering the risks he was taking..
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Re:Snap Tumbles Below IPO Opening Price as Analysts Say Sell by hndamien on Tuesday March 07, 2017 @06:55AM (#13809728)
There is never a bad time to take a profit.
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Re:Snap Tumbles Below IPO Opening Price as Analysts Say Sell by AJ007 on Tuesday March 07, 2017 @07:37AM (#13809875)
I did something similar with Netflix after their streaming/DVD debacle. Bought a bunch low, and then quickly sold it after the recovery. I sure missed out on a massive return!
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Re:Snap Tumbles Below IPO Opening Price as Analysts Say Sell by dabber on Tuesday March 07, 2017 @10:38PM (#13817683)
And a split :(

...I did the same

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Re:Snap Tumbles Below IPO Opening Price as Analysts Say Sell by bfrog on Tuesday March 07, 2017 @05:59PM (#13815982)
Gains are gains. It's not the gains you wish-you-coulda-woulda-shoulda, it's the losses!
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