Scott Sweet, senior managing partner of IPO Boutique, was quoted in the NY Daily News on Facebook:
“It could open so high that it will back off right away,” said Scott Sweet, senior managing partner of IPO Boutique. “I would suggest aftermarket buyers wait until it stabilizes, meaning trading volume starts to decrease.”
The full article is available here: http://www.nydailynews.com/news/money/facebook-ipo-wait-awhile-stock-settles-article-1.1079005
Scott offers research packages for IPOs including Facebook at IPO Boutique.
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