Yes agreed and +1. I believe it was Warren Buffet who said: on stock exchange, every long term investment is a missed short term investment.
But obviously you wont find a person in his her sound mind (not to mention financial guy) who would say: hey lets buy now and even if it goes down 40% thats fine we are in it long run... (lol)
Besides Facebook is a special example. It was banksters fraud perfectly executed. Yes Facebook makes money. Yes, it is self sustainable, yes it will pay off all its debts and creditors. Yes it doesnt go anywhere. But the overbloated IPO price with this PE was a freudster move. This stock belongs to single digit wagon. When it gets there, then consider buying for a $1 or $2 pop accordingly to good Q, but until we get there respect your money for God sake!
But obviously you wont find a person in his her sound mind (not to mention financial guy) who would say: hey lets buy now and even if it goes down 40% thats fine we are in it long run... (lol)
Besides Facebook is a special example. It was banksters fraud perfectly executed. Yes Facebook makes money. Yes, it is self sustainable, yes it will pay off all its debts and creditors. Yes it doesnt go anywhere. But the overbloated IPO price with this PE was a freudster move. This stock belongs to single digit wagon. When it gets there, then consider buying for a $1 or $2 pop accordingly to good Q, but until we get there respect your money for God sake!