I heard from one of the stock trading talking heads that a number of investors were shorting the stock on the day of the IPO. I think if I was to put money into its stock I would short it myself.
I tend to believe that the FB shares will drop down between $20 and $25 per share (maybe even less) because there is some value there to the service they provide to the public.
Not likely, but the shorting will commence this week, I guarantee it.
On the first day of trading, there is no stock available for loan in order to take a short position, as the trades have not yet been settled to establish the holder of record. FB is truly a dog with fleas from a potential earnings perspective. I anticipate it trading in the $10 range in short order, but $2 - $4 is what it is really worth.