HELLO ALL! IS ALL WILL BE ABOUT FACEBOOK FROM NOW ON, JUST LIKE BUYING A LOTTERy FOR A SMALLER INVESTORS TO GET IN ON THE FIRST DAY OF TRADING:
“Anyone chasing any hot, big IPO is taking a significant risk; while it’s good for some people some of the time, when you buy a lottery ticket, it doesn’t always win,” Wolff said on CNBC’s “Worldwide Exchange.”
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• NEW YORK (Reuters) - Facebook Inc is expected to price its initial public offering to raise more than $16 billion on Thursday, as strong demand, particularly from retail investors, fuels anticipation for a big pop in the stock when it begins trading on the Nasdaq. "I think anything over 50 percent will be considered a successful offering — anything under that would be underwhelming," said Jim Krapfel, analyst at Morningstar. "A lot of retail investors are not concerned about valuation. That's what is going to drive the first day pop."
> Alternative to buy cheaper than FB@40+, with ZYNGA (ZNGA) is @$8.00 right now: Another social media company, online games developer Zynga Inc which makes lots of games for Facebook users, fizzled on debut and ended down 5 percent on its first day of trading on Nasdaq. No one Reuters spoke with said they were expecting a fall in Facebook's stock on Friday.
• Let me paint a picture for you: Facebook prices its IPO above the expected range Thursday afternoon, say at around $40. The first trade takes place at an eye-opening $70, then the stock peaks out at a stunning price above $100, and closes the day with a comfortable double at about $80.
JMHO Always do your own DD and Good Luck at All.
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