Quote:
Originally Posted by jrhagen
That is what everybody said about Facebook the day before IPO. It is now trading at 220% of IPO price.
Just my opinion, not giving investment advice.
|
True....but it went from a $38 IPO to $18.06 just 3.5 months later. However, it has since rebounded, so $18.06 would've been a great time to buy. That's the problem with trying to time the market though.
I might buy some....they're expected to go public at $24/share...the high end of the expected range.