/biz/ - Business & Finance

Fb is going to totally shit its pants tomorrow.

I work for an investment company selling mutual funds and gay shit like that for retirement plans. I am not a stock broker and I dont deal in the secondary market at work.

I do, however, talk to investing normies all fucking day and they all bought Facebook. Its right up there with gold on the list of things clueless boomers ask me about and then buy despite my very balanced reasonable advice. It's the ultimate novice stock. These lay investors are the people that panic sell, then buy when things " look like they are going really good" (i.e. buy high every time).

These actual boomers have been buying fb for years, and due to FBs so far decent growth they are all going to find themselves sitting on FB positions that despite the drop are still up. They will decide to cut and run " before the crash" and there will be a line around the block to sell in the morning. I guarantee you some of these fucks are laying in bed right now setting their alarm clocks 30 minutes earlier so they can call etrade before work.

Tldr the normie appeal of FB will amplify the panic effect of a sell off screencap this