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Katy, take a look at this – http://www.forbes.com/sites/stevenbertoni/2012/03/29/think-you-can-flip-facebook-shares-on-ipo-day-think-again/
There is a lot of excitement, but I for one am remaining wary..
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Yes, and don’t forget about this, Leslie:
http://www.forbes.com/sites/roberthof/2012/03/30/facebooks-looming-post-ipo-challenge-antitrust/
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I think there is too many greed on Facebook’s IPO. It may running up once IPO is out to the public, but later it may come down. There will be many Facebook fans that just want to buy Facebook share cause of the name brand, not the value of the company.
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way too risky to enter at this point. You can wait for 5.50 or little under 4 when the up gap been filled. The gap does not always get filled. RSI is overbought, MACD almost about to be bearish. MACD my be bearish if it become a bearish day when the stock market open. If the stock goes higher than 7 in this week. It may become a very danger zone.…[Read more]
Thanks, cybereye. I am not the most knowledgeable technical analyst, so I appreciate your advice!