Anyone Betting on Facebook?

Opened a small initial position today in Facebook, with FB @ 27.19.
(via Bull Put Credit Spread)
Bet: FB will close @25 or higher on 01/18/13.
Possible Net Gain: 79.63%

 

I'm betting against FB by way of $20 July puts. So far, so good. FB could turn into a fiasco.

 

Facebook has lost almost $40 billion dollars in valuation since its high of $45 per share less than 2 weeks ago. Has any other company in history that wasnt going bankrupt lost that much without any negative news?

I will buy facebook when it reaches $1.

 

Cool.
More risk = more reward.
How LOW will it go?
$13.80?

After FB finds a bottom (mid to low 20's?), I'm hoping 7-8 months is enough time for Zmuckface & Co. to figure out a way to monetize and make it go back up!
We'll see.

 

FB is a tough buy. Why would I want to guess before seeing a quarter?

 

i am betting you won't see a nickel...........

i luv when they open it with a gap

gap close and the puke.

beans in the teens.

s

 

Actually, I'm a lot more optimistic about FB's future than you are. I would think GOOG will buy them out before they hit $4.

 

Here's hoping for a rally so that I can pick up those $16 July puts for an all-or-nothing nickel.

 

diversify your holdings, get some of this loser too.

they all go to zero.

some just sooner than others.

s

 

Rate of descent is changing. Took my little profit. I can afford lunch today (hamburger and coffee + 25-cent tip). Hoping for a rally so's I can get back in.