FB IPO has been set!
I'm taking bets on the opening bid...who wants some action?
On a serious note, is anyone honestly planning on touching the stock before their first earnings report?
I opened a june call strike $8 position right before they announced...
Hard to say what Zynga will do. It might ride the wave.
BTW... I usually don't like to get into IPOs, especially early in the game, but LNKD is beating the S&P over the past 52 weeks. Wish I was a buyer at $60 as it now is back to approx $108. Perfect hindsight ... every time. Will FB go a similar route?
The Contrarian Edge blog -
Here is a thought for an eager Facebook investor: Google revenue – $40 billion; market capitalization $200 billion (plus $40 billion of cash). Facebook revenue $4 billion; market capitalization $100 billion. So Facebook has to grow revenue 10x for you to double your money. Good luck!
BUT WITH ALL THE HYPE ABOVE... IT'S A PENNY STOCK AND WITH ALL PENNY STOCKS... IT CAN BE A MANIPULATED AND IS A HIGHLY SPECULATIVE PLAY THAT PROMISES RICHES IN RETURN AND USUALLY FAILS TO PRINT IN LARGE BOLD LETTERS THAT LOSS POTENTIAL IS EXTREMELY HIGH!!!!!