My post dated 17th May suggesting that "Buyer beware" should be the position to take with regard to the Facebook IPO seems to have been spot on!
Look at the news today.....Mark Zuckerberg, Facebook, Morgan Stanley all being the subjected to lawsuits by disgruntled shareholders.
Morgan Stanley are already reported to be reviewing orders placed by its retail brokerage clients for shares of Facebook on a trade-by-trade basis and will make price adjustments if those
clients paid too much for the stock, according to people familiar with
the situation.
Talk about a farce????.........the retail investor gets a caning once again!
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