Hmm, how to play the big Facebook $FB IPO... $$
I'm not sure what I will do next Friday the 18th. I don't know what to expect. On the one hand, I'm thinking shares will run up as folks want in to the next big thing. And this isn't some rinky-dink company with a web site. This is the place where hundreds of millions of people go. It's potentially a huge business portal going forward. Potentially.
On the other hand, we've all seen the big IPO offerings that run up in the first few minutes or hours, only to fall and crush early investors later in the day or week as people book quick profits. Who wants to get burned doing that? And most of us remember the flame out of B2B stocks in the 2000s and even recent social network stocks.
My gut feeling is that this is the next Google. That Facebook isn't going to go away. Even with current valuation a big question mark, the demand for shares will be intense and drive up valuation. It's worth whatever folks collectively are willing to pay or not pay for shares, right?
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Facebook IPO Approaching: Will You Buy Shares?
MONEYBUILDER | MAY 11, 2012
http://pulse.me/s/98sRJ
see photos**** Click for full photo gallery: The IPO Class Of 2012 A few weeks ago, a Consumerism Commentary reader asked me on Facebook whether it ... Read more
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