Putting all eggs in one basket - Facebook IPO

mynameisearl11

New member
Aug 16, 2011
1,717
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vaughan
Am I another sucker to think that Facebook stock price will hit $100 before year end? The company's stock price expect to open above 30's or high 40's on May 18th. One of my friend sold his house for a little less than a million then put the proceeds into Apple. He moved in with his parents in the mean time to allow his investment to grow. His purchase price on Apple was $600. Apple could possibly go as high as $1200 in 2 years. Thinking of doing the same on Facebook! I will be moving into retirement home as part of the plan.
 

OddSox

Active member
May 3, 2006
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Ottawa
Hmm, Apple is currently at $570 so the plan is off to a slow start. (but I sure wish I had a million to invest back when I did buy Apple at $100!)
 

mynameisearl11

New member
Aug 16, 2011
1,717
4
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vaughan
Good luck getting the IPO stock.
No,its not what I have in mind. No choice but I have to purchase the stock in the secondary market. Guess is the stock will be rocket out of the gate @60. Easily double the investment from some lucky souls in the US:)
 
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