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Would buy facebook stock for your IRA portfolio? - global imrc - 01-23-2013 05:44 PM
1) Would you buy facebook stock for your IRA portfolio?
2) Do you think Facebook will reach it's IPO price of $38-$45 before the end of 2012?
- Colin Smith - 01-23-2013 05:52 PM
I wouldn't do it because a lot of people believe that Facebook is a fad.
- beulah3jn2 - 01-23-2013 05:52 PM
unless FB finds ways to.get more revenue it wont cross $45
- Jerry - 01-23-2013 05:52 PM
1) No, I want higher quality stocks rather than something speculative.
2) I doubt it. The lockup period for insiders expires 6 months after the IPO. That is a massive supply of stock whose sale that could push the price down. The market knows this is coming, which probably caps the price of the stock.
FB reports quarterly earnings twice between now and year end. If those reports show revenues and earnings well above expectations, that could be the catalyst for a higher price.
- JoeyV - 01-23-2013 05:52 PM
I wouldn't take FB stock as a gift for my IRA.....
- Common Sense - 01-23-2013 05:52 PM
Seriously? FaceBook may be a good company... but it's a lousy stock. Why take the risk at all with so many better opportunities out there?
- Paul - 01-23-2013 05:52 PM
no, i would not.