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One thing for sure, the promoters of this issue are going to make a great deal of money, but everyone else? Who buys Facebook? Millions of unsophisticated younger FB addicts that want a piece of "their" company? Pump and dump after the opening by the sharpies? Hard to figure this one, but my instincts say stay far away. Interesting to see how much institutional buying takes place. Will a few mutual funds get in early? Just seems to be way too much hype, everyone on the planet knows about Facebook and this IPO.
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