Friday, May 18, 2012

Facebook, Inc IPO

I received a small allocation in the Facebook, Inc. (Ticker: FB) IPO and flipped it at $40.00 generating a gain of ~ 5%. I was expecting a larger pop, but it’s hard with such a large float. In any case, this stock is currently too expensive compared to other great tech companies such as Apple (Ticker: AAPL) and Google (Ticker: GOOG). It’s not easy, but you just have to sell the hype. In the end it's all about making money...


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