Wednesday, May 23, 2012

SecondMarket.com

All this Facebook publicity that I've been reading included a mention of secondmarket.com.  This website lets you buy and sell stock in companies before they go public.  You do have to be fairly wealthy and knowledgeable about the stock market to participate.  I happen to have some private stock in a company that I worked for in the 1980s, still private, so this may be a way to cash out.  Other folks used it to buy Facebook before it went public.  Interesting resource, in any case.

Out of curiosity, I ran my models to see at what price I would be a buyer of Facebook.  Works out to about $2 a share - ha!

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