I know it seems like I am piling on here, but if you have been following along then you know I abstain from trading IPO’s for at least 3-4 months, until the chart can form some type of pattern with ebb and flow. With Facebook, shorts are claiming victory once again today as the tape proves them right. Groupon and Zynga are also disasters.
All the better to leave IPO’s to be. The market is tough enough for individual traders as is.