Wednesday, February 1, 2012

Facebook will be a good IPO

The facebook thing will be a good IPO. This will catch many people off guard I think. An opening price of 70 will not be enough for the demand and it might open at around 90. It will then trade to 200-400 in the next fear years. Facebook will become a major competitor to Google's add program. Its as popular as google and demands more attention to user specific content. My guys are bearish on Facebook IPO but I'm actually bullish on the company short term and bearish long term. I don't think the fundamentals are strong enough!

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