What is this Facebook thing?
Submitted by Stockmaster3 on Fri, 05/18/2012 - 16:38
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Just like that Facebook Inc (NASDAQ:FB) is public. Its trading at $41 and up 9% on this fine Friday. Go buy it now because their business model makes perfect sense.
The IPO is done and done. The initial investors got in at $38, you get to buy it today for $41. More than 200 million shares traded in the first hour. The market value of Facebook Inc now stands at $104 billion, that's more valuable than Cisco Systems (CSCO) which started before CEO Mark Z. was born.
Mastery will not be buying today. Stocks have taken a major beating in the past two weeks, its why we are checking out 3 Stocks under $5 to Watch. As SC stated yesterday -- Stocks just went on Sale (UPRO, SSO).
FB CHARTS - Coming soon.
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