Beware the Facebook IPO
A flood of shares could hit the market in 3 months.
At the time of this writing, Jim Jubak didn't own shares of any companies mentioned in this post in personal portfolios. The mutual fund he manages, Jubak Global Equity Fund (JUBAX), may or may not own positions in any stock mentioned. post. The fund did not own shares of any stock mentioned in this post as of the end of December. For For a full list of the stocks in the fund as of the end of the most recent quarter, see the fund's portfolio here.
I HOPE THAT ONE DAY JUST LIKE XANGA, MYSPACE, ETC FACEBOOK FALLS INTO OBLIVION. FACEBOOK IS NOT GOOD PEOPLE, BUT HEY PEOPLE ARE TOO STUPID TO AKNOWLEDGE IT. DOWN WITH FACEBOOK!!!!!!!!!!!!!!!!!!!!!!!!!!
No stock in FB for me. I refuse to support a company whose co-founder renounced their citizenship. (Saverin)
I can't believe you're saying that. Why, if not for Facebook, I would have no idea that my friend whom I last met in 1984 had just finished eating a tuna fish sandwich.
"Here are the important fundamental numbers. At a likely post-IPO market value of about $100 billion, the market is saying that every person with a Facebook page is worth about $100."
Thats funny, because facebook doesnt get any money from me. I dont click on stupid ads, I do play the stupid games. I only use it to send a message or keep up to date with friends. Nothing more.
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All hail the bull market, which ended the week with a big rally. But it also is starting to look a little like 1987, which suffered an epic blow-out.
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