Friday, May 25, 2012

But it looked good on my computer screen.

How could something you look at on your computer monitor be worth so much money. It’s just flat screen gibberish. At best just a small talk and gossip column with photos. Billboards brought to your PC. A few Pics and lots of ads.

But as it turned out, the recent Facebook IPO(initial public offering) was a fizzle. Not worth the projected value. Investing at it’s worse. Proving the market will determine the real value of something. In the meantime the Facebook founders run off with a boat load of money. Not as much as they hoped for but a boat load none the less.

So, those of you who invested in the free fall shares of Facebook have learned a market lesson. What’s the lesson? All that glitters is not gold. More form than substance. Hype trumps good judgment. Las Vegas bright lights will empty your pockets. Just a fleeting crapshoot which felt good at the moment. But the let down came fast. Goodbye hard earned cash. Hello reality.

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So, what's your take on this?