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Comment by ffjffsfr | Hacker News Reader

:+1

Facebook IPO set target price to 38$. It went down immediately at extreme point falling down to 18$ a share. It only got back to 38$ after around one year. What is the price now? 137$ Not saying this will happen to Snap, just saying IPO-s usually show similar dynamics.

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I'm the biggest loser, having bought $60,000 worth of FB at 18, only to sell it at 19 or 20. Geez O Pete. I couldn't get comfortable with such a big chunk of my net worth in one stock. Not sure if Snap will perform the same miracles as FB however.

You shouldn't judge decisions purely based on their outcome, and especially not with stocks. If 60k is a significant chunk of your net worth and you don't want to just gamble, it was probably rational to at least sell part of it...

Getting 5-10% extra is a win in my books. You did the right thing at the time, don't sweat it.

Not really. If he bought a volatile stock and sold with only 5% profit, then he didn't make much considering the risks he was taking.

He also did not lose much, considering the risks he was taking..

There is never a bad time to take a profit.

I did something similar with Netflix after their streaming/DVD debacle. Bought a bunch low, and then quickly sold it after the recovery. I sure missed out on a massive return!

And a split :(

...I did the same

Gains are gains. It's not the gains you wish-you-coulda-woulda-shoulda, it's the losses!

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