pippi longstocking: 1. If you're dumb enough to buy Facebook stock you don't deserve to have money.
2. You're a dumb bastard if you can't see that Wall street is becoming more astute like in the pre-regulation days of the 1920s when banks and financiers would buy some loser stock early, hype the hell out of it, and sell said stock back to the public at a ridiculously inflated price. All of this is well documented, except people apparently don't read nor have an education.

Worse than that. 70% of stocks are now traded electronically on computers.

Remember back in 2009/10 (forgot the year) when one day there was a legitimate crash? They stopped trading, and wall street was scrambling. They called it an error and literally had a do over! They zero'd out all trades that day and said they'd continue looking into the "error". A news dump on a Friday afternoon months later said no error was found and it basically was a legitimate run, and they reversed it. 100% reversed out all the legitimate transactions.

The wrong people lost money that day, and some people that shouldn't have made a killing did from accurately playing the market, so they reversed millions of transactions.

Do over, cause the right people don't lose money.

The market is a joke, and people on wallstreet are playing with fire there too. Shorts, electronic trading accurate to the ms, analyst algorithms, prodding more idiots to put their money in and pump stocks. There's a reason the markets have been more volatile over the past 10 years. Lots of the right people can make money of of volatility .

Parthenogenetic: xtragrind: It's almost criminal the way the morons touted this IPO. The guy that works at the coffee stand down in the hospital dumped $2500.00 into the IPO and I'm pretty sure this is money that he can't really afford to lose. When I talked to him last week he said he was buying because of all the hipsters running the stories on NPR about how amazing the IPO was going to be... Super nice guy but he just got caught up in the hype.

I think the same folks are now doing stories about how you should wait till it hits $10 - $12. Meanwhile the coffee guy lost his ass.

"Hipsters running the stories on NPR"?

First: Do you even listen to NPR? It's too mainstream for hipsters.

Second: Facebook is too mainstream for hipsters

Third: Hipsters giving stock tips?

One old stock market anecdote says that when your chauffeur starts giving stock tips then it's time to cash out. I guess you could stretch that to include hippies.

Goldman Sachs thanks you all for your contributions!

HahahahahahahHahahahahahahHahahahahahahHahahahahahahHahahahahahahHahah ahahahah

Everyone around me, "it's only going to go up!! You have to get in on this ipo"