On Wednesday Facebook stock hit $36.80, just below its initial public offering price of $38 but well above its September 2012 low of $17.73. As much of a lemming as the next person, I bought 25 shares at slightly over $37 bucks with no commission thanks to my 50 free trades at my discount broker. If l live to the biblical three score and ten I should make some money if this isn't a fad.
Penny wise and pound foolish? Maybe. Facebook was $26 a week ago. But that was before I added four new friends to my list that previously included only my son and daughter, who rarely post anything the old man can see anyway.
I prefer to believe my decision moved the market.
But if I see a picture of him doing a flower-your-butt yoga pose I'm doubling down on my investment.