I have traded stock in the past and i have made money and lost some. So this was not my first venture in trading.
I do feel bad for some people who stepped into this for their first time. I would have to think that MOST people who took part in this IPO felt that it would go up. People who are not into the stocks always here on the news about the IPO that HIT THE MOON and went off the charts ( ie, google).
There was no chance of getting out without a loss. Only holding and hoping will get you back outta the black.
When the stock dropped i put in a sell at 17.50 hoping that it would come back and i would just get out. But that never happened. It plummited and then i just dumped and went with a market sell, which i know is taboo.
But had to do it.
Given that a lot of people out there might have been in the same boat, maybe today wll be an up day?
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