SACRAMENTO, Calif. May 5, 2012 – Local financial advisor, Keith Springer is quoted on CNBC.com
Facebook will be officially one of the hottest initial public offerings to ever hit the stock market, but will it also be a potential major trap for retail investors looking to turn a quick dollar?
Jeff quotes Keith Springer, President of Springer Financial Advisors, in regards to the coming Facebook public offering:
“I don't even think God is going to get any shares on the IPO" at the opening price, says Keith Springer, president of Springer Financial Advisory in Sacramento, Calif. "It would be amazing if anybody in the retail market got any. With this high-priced of a stock, they don't typically go to the little guy, they go to the institutional traders."
Writing further, the CNBC.com author and Senior Writer Jeff Cox believes that, Jeff Writes:
”The story is familiar to market veterans: A hot company goes public in a much-ballyhooed IPO, only to disappoint when unwitting mom-and-pop investors find they can get in only after the big price gains already have happened.
When Facebook, the ubiquitous social networking site, hits the Nasdaq tape on May 18, it's likely that the early gains will be reaped by insider institutional investors and others who get in at the ground floor at the opening price.”
Jeff Cox goes on:
“To be sure, Facebook's long-term prospects are strong, as the company has a solid revenue stream and seemingly unbreakable business model, unlike many companies during the tech madness in the late 1990s. The momentum the offering generates could be enough on its own to counteract the market's typical sell-in-May-
Keith Springer, author of Facing Goliath: How to Triumph in the Dangerous Market Ahead, host of Smart Money with Keith Springer, and president of Springer Financial Advisors based in Sacramento CA. “Invest for need, not for greed,” says Keith Springer, as this Facebook stock won’t usually go to the smaller investor, but to the larger institutional traders.
To view more print and TV media interviews with Keith, visit http://www.KeithSpringer.com, email Keith@KeithSpringer.com or call (916) 925-8900. For up-to-the-minute market updates visit his blog http://www.KeithSpringer.info . In addition to his work as an expert financial advisor, Keith provides customized mortgages and consulting for homeowners. This information can be found at http://www.KeithSpringerLoans.com