Facebook (FB) started trading today with much anticipation. Unfortunately the common place advice doomed the IPO. The IPO was priced at $38. One of the first opening indications was $45 on 18 million shares. The stock was set to open at 11:00 am ET. The opening was repeatedly delayed and opening
This post was just published on ZYX Buy Change Alert New FB indication is $42 on 55 million shares. This is a lot lower than bulls had expected. If it opens at $42 and does not move up from here it can pull the entire market, especially stocks like ZNGA, GRPN,
I have been advocating backing up the truck and buying all the Facebook (FB) shares an investor can get in the IPO. (For background please see:Facebook IPO Is Nigh, Should You Buy?) When an IPO is as white hot as Facebook, plenty of scams are bound to raise their ugly heads.
A number of media sources are reporting that Facebook will file for an initial public offering next week. Apparently,Morgan Stanley is to be the lead underwriter. Goldman Sachs is also expected to play a major role. Facebook, with its 800 million members, has become the new standard platform for