Finally Facebook buyers on IPO day are BreakEven.
For all the articles (Like Cramer's The Street) that are saying Facebook IPO has been a success??
I say Wake Up.
Nothing successful about Zero Gains since Day 1 of trading. Even if FaceBook gets to the upgrade target of $50 it will still be just catching up to the general market which is ahead of FaceBook by +15% since FB IPO day.
Currently the shares of FaceBook are trailing the market by roughly -15% since, so an investment in FB has actually put all IPO day buyers underwater by -15% based on potential gains in SPY shares. If only they had just bought SPY shares on that day instead they would be up +15% instead of FLAT - DEAD MONEY.