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Facebook (FB) IPO Nearly Flops

VIEWS: 75 PAGES: 2

Facebook shares end first session with gain of 27 cents.

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									Robert DeFrancesco’s
TechStockProspector.com
May 18, 2012


Facebook (FB) IPO Nearly Flops
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Read the latest issue of Tech-Stock Prospector on your Amazon Kindle or Kindle for
iPad/iPhone reading app.

See the May 2012 Table of Contents and order the issue here:
http://www.amzn.com/B004T6Z0ME

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It was a fight to the finish for the Facebook (FB, $38.27) underwriters to keep the
stock above its IPO price of $38. After opening at $42.05 and quickly trading up to a
high of $45, the stock immediately started heading lower, twice testing the $38 level,
first in the morning and then during the final half hour.

After all the hype, it would have been quite embarrassing if Facebook turned into a
Busted IPO (closing below its offer price) on its first day of trading. Of course,
there’s always Monday.

Facebook ended its first session with a market cap of $104.9 billion. I just watched
an interview on Bloomberg TV with an analyst who actually has a “Sell” rating on
Facebook and a price target of $30. At that price, the stock would start to get
interesting from the long side.

For updates during the trading day, follow Rob on Twitter: @TechStockRadar

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The May 2012 issue of Tech-Stock Prospector is available at
TechStockProspector.com (subscription required), in the Amazon Kindle store (this
includes the Kindle for iPad/iPhone reading app) and on the Barnes & Noble NOOK
Newsstand.

Here are some of the topics covered in the May 2012 issue:

*The next growth phase for Apple
*Cloud-software earnings shine
*NetSuite gains enterprise traction
*Ultimate Software partners with Yammer
*Accelerating growth at Concur Technologies
*A top growth play in networking security
*Ariba arrives again
*Competition heats up between Qlik & Tibco
*Zynga proves tough to value
*F5 Networks builds momentum in wireless
*4 positive catalysts for Intel
*Acme Packet hopes for a second-half recovery
*Fusion-IO speeds up the datacenter
*There’s value in the desktop at Citrix Systems
*Splunk knows its way around machine data
*TSP Deal Report: Constant Contact

To place an order, call TSP Customer Support at 800-392-0998 or visit
TechStockProspector.com

------------------------------------------------------------------------------------------------------
Read the latest issue of Tech-Stock Prospector on your Amazon Kindle or Kindle for
iPad/iPhone reading app.

Here’s the Kindle link: http://www.amzn.com/B004T6Z0ME

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Tech-Stock Prospector Managing Editor Rob DeFrancesco has more than 20
years of experience covering the tech sector. He is a former senior writer with
Louis Rukeyser’s Wall Street.

TechStockProspector.com, launched in 2003, is an investment-research service
focused primarily on the networking, storage, security, wireless and software
sectors. Annual subscription: $350.

For more information or to place an order, call 800-392-0998.

								
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