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Canajun Finances Home » Facebook IPO and Random Thoughts

Facebook IPO and Random Thoughts

The long-awaited Facebook IPO (stock symbol FB) has been announced (published in February 2012) , is it time to jump in and make some money on this Tech darling (but the voices in my head say remember Nortel and Yahoo)? I will not be buying in, mostly because I wouldn’t buy a stock directly (I am in my passive investing phase) and while Facebook could be the next Google (symbol: GOOG) it has a chance not to be as well. I will watch with interest to see how the feeding frenzy goes.

It was Groundhog Day yesterday, too, and as usual, the various entrants all made their own predictions, but I can safely predict that Spring will come this year, sometime (and if it doesn’t, we are really in trouble).

It is also a Super Bowl weekend, where non-football lovers get to watch their loved ones turn into raving loonies over 1 game. I will attempt to create my standard chilli and make sure I have enough beer in case the Giants don’t play well. The Super Bowl seems to be an event bigger than Christmas (and with a longer lead-up period too).

Weekly Recap

We washed the all-stars out of Ottawa, this week Winterlude begins, but in terms of posts I am fixated on mass transit it seems:

And thanks to those who added me on Twitter I am now over 1000 folks who follow me, zut alors! Check out my Facebook page as well (but no I won’t be buying Facebook stock because of this either).

Facebook’s IPO was big in the news, but RIM is still out there bubbling up, and TAX TIME is even more important too:

A Quote for Groundhog Day

“There is no way that this winter is *ever* going to end as long as this groundhog keeps seeing his shadow. I don’t see any other way out. He’s got to be stopped. And I have to stop him. ”  

Phil Conner from Groundhog Day (played by Bill Murray), yes, I think the groundhog must be STOPPED!!!!

Feel Free to Comment

  1. Second the bearish sentiment on Facebook. When Mr. Market brings me a price that gives it a P/E ratio of ten rather than SEVENTY FIVE, I’ll give it another look. Just like Canadians buying cashflow negative condos to “flip” them for capital gains. When the boom defies common sense, the party eventually ends; the person with the party bag of penny stocks and worthless dog kennels in the sky. This person is the Greater Fool.

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