Should I sell Facebook?

[mrbarrakodrama]

I bought facebook at 23. My price target is at 50$ per share. I Only have 20 shares at the moment. Should I ride it out? or should i start taking profits?

[Jen]

I would personally. It is always going down it seems. up to you though.

[Crystal]

Its a fad like any other social network and the value will only drop. Sell before it becomes the next MySpace.

[Common Sense]

Interesting..... you've got a price target but not a loss target to bail.
There's an old famous line in investing;
"Amateurs ask how much can I make..... professionals ask how much can I lose"

With 20 shares..... a significant amount of your profit will be eaten up by commissions.
On these 20 shares you've made about: $63.00, with an average cost of a trade at $9, your net
gain is $45. So your commission (in/out) is about $28% of your profit!!!!!!!!

What's worse...... you had no exit plan & you're looking to strangers (whose qualifications and motives can never be known) to tell you how to handle an IPO which is just about the hardest stock to judge for price action. I don't get it.

You should get out for only one reason.... you don't have the experience to handle this trade. It's worse than gambling.

[Eddie W]

Do you know what is the prime reason people losing money in the stock market? Too greedy. It'd take a long, long, long, long time for FB to go to $50.

[i like turtles]

You have $460 in stock. There is no way you should be selling a portion of that, the commissions will kill you. I personally think FB stinks and will never reach $50 but your decision is to either hold it for the long run and maybe make a decent amount of money, or sell all of it now, make $30 or so after commissions and move on to a different stock.