Fig 1. FB IPO drawdown (with potential trajectory) vs. EBAY historical IPO opening (a.k.a the U-TURN pattern).
|28.84||-31.41% (yesterday's close)|
So, I leave you with that as food for thought. I don't often discuss my thoughts about semi qualitative opportunities, but then again, we don't get these types of juggernaut long term opportunities all that often.* As always, please make your own informed decisions, and I'll try to get back on topic... one of these days.
* Two other counter points (amongst many excluded) that I'm sure some more astute observers will note.
1) Ebay IPO U-Turn occurred during the mega bull run dot com mania.
2) If the Greece (or insert any suitable catalyst here) fiasco escalates into a fat tail flight to safety avalanche (of which I pointed out have been exceedingly abundant of late); then keep in mind Facebook and any other equity leaders should be expected to plunge together; hence, the emphasis on LONG term portfolio component opportunity.