Facebook fans everywhere are hoping to get in on this. It is the hotly anticipated public stock offering. To do so, they’ll need a Facebook friend or two at a VERY high level…or a lot of Benjamins.
GET IT AT THE OFFER PRICE?
Most folks will have difficulty getting it at the offer price. It is currently expected to be in the $28 to $35 a share range. Unless you know the power players at Facebook, it will be tough. You will probably need to have a large, active trading account with one of the big investment banks or brokerages. That is, one of the groups directly involved in the stock sale.
NASDAQ: FB
For average people, this means waiting. Waiting for the stock to begin trading after the initial offering. This means once it is listed on the Nasdaq Stock Market under the ticker symbol “FB.” That’s likely to happen Friday. However, it might be best to fight the impulse and a wait a bit longer. Doing it that way typically means paying much more for the stock. Heavy demand often skews the early stock price. Early investors are then vulnerable to the risk of a big drop.
WHILE YOU ARE WAITING…
Our advice? Be patient, and take the family on a quiet New England yacht charter vacation. Spend a few days on a luxury sailing charter vessel or bareboat yacht. Relax and remove yourself from the frenzy. Avoid the impulsive urge to buy a stock purely on hype. More importantly, spend quality time with your family. Snap some pictures. View some precious moments that will be with you for a lifetime…
Ms. Jana Sheeder is President of 1-800 Yacht Charters. Providing The Superyacht Experience(tm) since 1976. Private luxury yacht charter vacations in the Mediterranean, Caribbean, Bahamas, South Pacific, South Florida, Miami and The Florida Keys, Italian Rivera, Belize. Megayacht charter company focused on generosity, Pay It Forward, Random Acts of Kindness, Giftivism, giving back to the ocean, to the needy, and the environment with every superyachting charter. Providing eco-friendly alternatives while on yacht charters and known for 6-star customer service, experience, and generosity. View all posts by →
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