Haha, yeah but I like vegas. So far I have done pretty well on all of my investing, and I am in for long term. Wish I would have waited a few days though.
Not sure it is going to be a good long-term strategy. Too many other players got in the game rather quickly, might end up being a pretty deluted market. Time will tell. I will wait and see ...
Pandora like many other IPOs that sink has a profit issue. This stock reminds me of all the ones that were soaring during the dot com late 90s surge where company's stocks were rising with no regard to fundamentals.
lol, unless they get their stupid licensing figured out so you can play whatever you want whenever you want "without suggestions", it'll fold once enough people find other options.
I personally always use grooveshark because I can hear what I want, all I want, how I want.
IPOs raise money for the company issuing shares, and the investment bank that is paid fees to do so. Very rarely do folks make money buying new issues in the secondary market.
Bruce is right, profit goes a long way in determining a company's valuation.
Anybody get in on the linkedin IPO? Next up is Facebook. Tech bubble round II here we go:facepalm:
Nope to linkedin, nope to Facebook. Made a lot of money in the tech bubble, and if I had gotten out when I knew I should I would not have lost a lot of money! Still came out ahead in the end ... believer in long term over short term and better to be invested than sitting on the sidelines trying to pick the right times.
Won't get sucked into the round II ... my status has changed since then and I am not as "risky" as I once was.
You'd have better odds in vegas, IMHO. It's almost predictable. IPO excitement, buying bids up price. If price starts to go up a bit, profit takers start to sell, putting downward pressure on price. That gets everyone all scared, so sellers outnumber buyers and down she goes. Let's see what kind of profit this company can create over the coming year or two.
