Right now we’re paying $3.7MM for an information system that doesn’t do the networking and file sharing very well. It does a great job for the accounting and IT functions, sales has to be integrated with customers, purchasing needs to be integrated with suppliers, and development and applications engineering needs to tie in with everyone.
Previously we spent almost $1MM on the licenses for e-mail, so yeah, we’d pony up some major bucks for the functionality IF our group was secure
Okay, who here still feels bad for me? As promised, I picked up more shares in the 20’s… And now, I am what they call, “back in black”… As it stands, I am up 0.36% right now… So just to be clear, I HAVEN’T LOST EVEN A PENNY…
Thats a whole lot better than if you would have bought silver or gold at the time of those FB share purchases. Hopefully it pans out for you in the long haul.
I am surprised that FB has lasted as long as it has. But I guess I underestimated the amount of people in the world that think we care about there every thought and want to see 50 “selfies” a day.
Thats a whole lot better than if you would have bought silver or gold at the time of those FB share purchases. Hopefully it pans out for you in the long haul.
I am surprised that FB has lasted as long as it has. But I guess I underestimated the amount of people in the world that think we care about there every thought and want to see 50 “selfies” a day.
Thats a whole lot better than if you would have bought silver or gold at the time of those FB share purchases. Hopefully it pans out for you in the long haul.
I am surprised that FB has lasted as long as it has. But I guess I underestimated the amount of people in the world that think we care about there every thought and want to see 50 “selfies” a day.
“Banana Pants”
Indigo Bay 170
90 Johnson
At one time Google was just a search engine. Now they are a lot more than that. The bet is not really that the website will continue to grow, but that the innovators at FB will find new markets and technologies with their BILLIONS of dollars to spend on R&D. Zuckerberg reminds me of Bill Gates and they already have the names of 1 billion customers in their rolodex. I'm banking on the fact that eventually they will figure out how to turn those customers into cash paying customers. It's not the website in place that I like, it's their infrastructure (huge network of a billion people) and their CEO with the burning desire to be in the history books.
Considering that they had an earnings report and jumped 30% in one day, I don’t think it was merely catching up to the market average. People didn’t expect earnings to be that great and they were.
But, that’s not really the point of my boasting here. I was told by PQ that I would basically lose my ass off on this one… I believe he was going to call me “Snorkel J” or something like that because I would be so far underwater… FAIL!
Okay folks, with much hesitation, I completely sold out of my FB position today. My average return was > 90% for my “dollar cost averaged” purchase. I was really going to try to wail to 100% for a clean double, but then it was just stressing me out. It was up to 94% the other day and some of the buying seems to be cooling down. Anyway, with a market cap of 130B at this point, the “reward” part is starting to fade for me. I still believe that this company is going to be a great company for years to come, but I just don’t think it will be as big as AMZN with a 180B market cap or GOOG with their 365B market cap. Could it keep going up in the short term? Well, sure, but at this point, I got what I came for (or at least close enough).
PS… Each grey row is a purchase (I purchased 100 shares at a time for a total of 300 shares). The yellow column is just price action for today. The green numbers are my gains… Far right column is my cost basis… So, for example, I bought 100 shares on 8/10/2012 at $21.73 per share and the price increased 150.80% which was $3276.35 in profit for an investment of $2172.65. The 5/18/2012 was my IPO purchase… The top row is just all my purchases average\summed together.
