Quick turn-around strategy for buying Facebook stock?
May 8, 2012 9:45 AM Subscribe
How feasible is a quick turn-around strategy for buying Facebook stock?
posted by ragtimepiano to work & money (19 answers total) 5 users marked this as a favorite
A friend of mine plans to buy about 3K in Facebook stock on the first day it is offered, and then expects to sell in two or more days when he expects the price will have risen, for a tidy profit. What are the odds that the stock will rise, and how much of a rise can be expected?
In addition, can I buy Facebook using just e-trade? I've read that about 15% of the stock will be available to the general public. Forgive me for these basic questions---TIAA-CREF takes care of finance for us---but would I just log on to e-trade when trading opens on May 18th? (6 a.m. PST?)