What is the best way to plan for buying Facebook stock when it is available?

[David]

Take a look at Zillow, down 50% in 9 days -- opened at 60, now trading at 30 (your edge in real estate).

Hmm, how about Groupon (GRPN)? It almost got cut in half the first week, but came back to 19 when this rally took hold, from an opening price of 26.

It's actually good to be terrified of your short term trading, it's healthy...

LinkedIn Corporation (LNKD) trading at 68 from it's first day high of 82, in less than one month.

Take a look at the red hot social IPO, Pandora Media, ticker symbol P, down 57% from it's public offering in 5 weeks. Look at the first day of trading compared to the last month of trading in LinkedIn, and yes, they both appear just about identical - - suckers buying at the top on IPO day and then just getting hammered.

People never learn. Ever.

Facebook will indeed come out, and fall instantly, and the most ferocious bear market of the past century can finally begin in earnest. The lawsuits and recriminations will begin, and drinking it all in will be the most fun you can have with your clothes on. I'll bring the popcorn.

Edit: Here's a good article on the Zynga IPO
http://seekingalpha.com/article/311987-h...ynga-s-ipo