Hi! I am also kind of new at this and was wondering how one should play the ipo of facebook which is about to happen soon. I am planing to buy some shares and see where the ride goes. Usually it seems to go up first, at least for some time. Anybody has some ideas for what to watch out or things of that nature?
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I wouldn’t touch Facebook with a 10 foot pole. Reggie Middleton has been warning about the IPO for a long time. Well worth a read.
http://boombustblog.com/blog/item/6076-as-i-promised-last-year-facebook-is-being-proven-to-be-overhyped-and-overpriced