If you bought Facebook's initial public offering I am sure by now at least a third of your investments should be wiped off. The problem is not that FB shares are loosing their value, the real problem is that there is no future in this 'chit chat company'. So really there is nothing to count on. Experts say that by the end of June 2012 FB would have lost all of its worth. So before the FB stocks sell for pennies this is the best chance for you to loose whatever you have lost so far and save the rest of it.
here are the top 3 reasons why I just sold my FB shares:
1. No solid business plans yet. It seems that when FB decided to hit the wall street it had absolutely no idea of what it was venturing in to. They had, and still have no concrete business plans to invest their fortune in to. It looks like they have now resolved to last ditch efforts in extreme nervousness in trying to save their billionaire status. 'Facephone' is as bad an idea as their IPO. Don't get baffled if you are an investor.
2. Option to rebuy at a later point. You can always buy FB shares again at a later point under two circumstances: 1) when their prices have touched the ground, PLUS, 2) when they finally came up with a genuine business plan. Make sure BOTH criterion are met when you decided to buy.
3. Non-serious attitude of the CEO. Despite suffering such heavy losses the CEO Zuckerburg seems to be oblivious about what is happening around him, to him and to his company. He still thinks that his 900 million users are there to support him and his wiered thoughts. (Where is he, BTW?)
So guys save whatever money is left there and invest in something solid and hopefully you will be able to recover your looses by investing in other stocks. It's not too late, YET!
Do not forget to read my previous blog 'Top 3 Reasons Why You Should Not Buy Facebook Stocks'
(DISCLAIMER: The views expressed in this article are solely my own. I am neither a financial expert nor affiliated to any financial company, whatsoever. Please use your own judgment in deciding about the financial products you want to buy. This material is copyright protected. Please avoid plagiarism)