Facebook IPO: Limit Orders, Not Market Orders

Originally published on Fox Business Demand for shares of Facebook ahead of its initial public offering scheduled for Friday is obviously intense. Not only did the wildly popular social media web site increase the price range to $34-$38 from $28-35, but on Wednesday Facebook increased the number of shares to be sold in the IPO by 25%. A lot of people want a piece of this company. Retail investors should be careful about what they want, however, because they might just get it. Investors should take care to avoid the mistakes of past chasers of high-flying Internet IPO stocks. Specifically, retail investors who find themselves unable to buy Facebook shares at the IPO price should avoid at all costs placing market orders for the stock that are meant to be executed immediately after the shares debut. Continue reading this story here.