The much-hyped Facebook IPO is the sort of thing I hope I have learned to avoid. Sure it may go up and sure it may be a fad like MySpace and Friendster. It's a gamble, a speculation. So easy to get burned. Revenues last year were $1 billion and "they" are talking about a $100 billion valuation, i.e. a P/E of 100. Yikes!
Going with the crowd is often a good strategy in life, but not in the stock market. Not what I would call an investment.
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