The Facebook IPO was pretty lackluster, although it dominated the news all day long. There was a delay starting trading, the NASDAQ had some problems filling orders or at least reporting on orders, and the stock fluctuated between $38-43 during the day.
I tried playing it for plus/minus $2, and hit the minus $2 pretty quick and bailed. No sense holding and hoping. This thing could fall a ways once trading normalizes, especially the way the market is trending.
Sell in May working again. Glad to be mostly in cash.