GOOD: Stock goes up!
BAD: Stock goes down!
UGLY: UBS $356 million, loss connected to the botched Facebook initial public offering. Net profit down 58 percent and stock down!
BOTTOMLINE: Sometime you land on your face, but it better than something blowing up ( i.e. bankruptcy ). Stocks like Facebook will continue to go up and down!
UBS reported on Tuesday a 58 percent decline in its net profit in the second quarter as a fall in investment banking income weighed on the Swiss bank. Read more at NY Times at: http://dealbook.nytimes.com/2012/07/31/ubs-profit-hit-after-loss-on-facebook-ipo/
FTSE modestly lower in midday trade today as BP tumbles! Read more: http://www.stockmarketwire.com/article/4418441/FTSE-modestly-lower-in-midday-trade-today-as-BP-tumbles.html
Happy Networking and Investing,
Where Does Facebook Go After the Faceplant? Read more: http://www.investorplace.com/ipo-playbook/where-does-facebook-go-after-the-faceplant/