Facebook Trading at Discount to IPO Price


Media concerns about glitches with the Nasdaq, and a soft opening for the Facebook IPO provide an attractive situation in the secondary market.  Why not take advantage of the lower price? 

The price is right with a nice discount to the IPO price.  Sure, the IPO was a little rough around the edges, but it was oversubscribed in a dismal market environment.  The more negative reports that surface in the media about the Facebook IPO, the more FB stock is looking interesting.  While perhaps it may not be a long term stock pick, it could well be a stock market darling this summer.  

Additionally, the stock could benefit from improving overall market conditions into the summer months, and the buzz may soon develop for facebook stock after all!