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Facebook IPO to raise 85 million shares
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05-18-2012, 02:49 PM
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pharmacologist30
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Oct 2005
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this stock will be groupon in less than a week.
Though we can all agree that FB may/will ultimately be a bust, don't expect it to happen fast. This is going to be a trading stock for a while, regardless of what the hell their business plan is. It will could double it's initial $38 price intraday today, maybe even break $100. The swings should be breathtaking. Don't forget, there's a MASSIVE group of investors waiting for the initial euphoria to settle down so that they can invest billions of long-term dollars.
In order to estimate a crash date, we're going to have to see how long the lockout period is for insiders. Probably somewhere between 90 days and 6 months. The ultimate FB crash won't happen until after that. My guess is that it will accompany the general market crash coming in late 2013.
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