Facebook IPO

It was announced today that Facebook will be offering shares to the 'public' in an initial public offering (IPO).

As is always the case with IPO's, if you can get your hands on it, you don't want it and vice versa.

The sad truth is that the regular investor will not get to participate in the 'free' upside that is most likely to happen on the first day of trading.

The shares will be distributed to friends, family and traders (as pay back) so they can 'flip' the shares in the first few minutes of trading for a virtually guaranteed return with almost no risk whatsoever.

I loved IPO's, hidden commissions, great concessions, paid back friends and associates with the winners and handed my clients the losers.

Sad to say, nothing has changed!