Submitted by vickers2 on Tue, 01/31/2012 - 5:06pm
Now I must admit that I too
was thrilled at the prospect of the
Facebook IPO, and soon it may be upon us.
The question is can anyone make any money on it?
After all the pre trading in private markets is their
any fuel left???? or does the rocket crash and burn?
I must also share that my use of Facebook has diminished
as I have found Facebook to be somewhat annoying at times.
Am I the only one who feels this way?
The second problem here is the same dilemma that has faced
all the social ipos thus far... and that is this : there has existed a
secondary market that has allowed insiders to sell
prior to the ipo
with ever higher valuations even before the official ipo.
It could be that the fuel for this deal may have thus been spent.
I am not saying it wont open with enthusiasm, it likely will
however this may be the trade to sell into. We will not be buying it
on that crazy day. In time Facebook may settle down and give us an entry
that makes sense... this will appear as a period of repeated attempts
at breaking thru a price level, we will watch for this pattern to be created
and when observed we will buy it on its upward penetration, irregardless
of my opinions and personal impressions as price trumps my thinking.