Did anyone get in on the IPO? Did anyone put in a buy order at market open? NASDAQ was supposed to open stock at 11am and still not trading, plus ATT is having telecommunications issue in NYC at same time.
I would be scared if I had a buy order at open, could be a crazy open with system issues and telecom issues.
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[QUOTE=Alkrotraz;4471946]Did anyone get in on the IPO? Did anyone put in a buy order at market open? NASDAQ was supposed to open stock at 11am and still not trading, plus ATT is having telecommunications issue in NYC at same time.
I would be scared if I had a buy order at open, could be a crazy open with system issues and telecom issues.[/QUOTE]
Average Joe traders will be able to get in just in time for the initial surge to start tanking.
[QUOTE=DDNYjets;4472058]Like every other bubble, the Social Media bubble will burst.[/QUOTE]
Not sure I agree with this one. It's like saying in 1995 or 1998 that the "Search bubble" will burst. It didn't and it won't. Better companies may come along (Google supplanting Yahoo in search) but people will still have the need for a service to help them locate information in cyberspace. Similarly, people won't stop wanting to connect and share socially with friends and family on the internet. Will FB be the place to do that in 5 years? I don't know, but it certainly is the place to do it today, but someone could certainly come along and eat their lunch as well. Google+ is obviously and attempt.
[QUOTE=movethechains;4472677]Didn't it trade for the better part of the day below the IPO? **** it closed up only twenty cents.[/QUOTE]
I think the underwriters were stepping in to buy shares whenever it got down to the 38 IPO price. They had spent months putting the offering together, soliciting clients and allocating IPO shares to their clients at 38. There was no way they were going to let it close under 38 on Day 1. Going forward though....I think they'll step aside and the true market will move this stock.