Covestor managers mostly avoided the big IPO on day one. But as it fell, it started to pick up strong interest among three managers.
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An interesting Q&A in this weekend's Barron's with William Hambrecht, whose firm underwrote Google's unusual dutch auction IPO in 2004.
Read this if you want to know what Covestor's investment managers are doing with shares of Apple, Disney, Wal-Mart and Facebook.
If all we do is ride the wave and collect an nice and growing dividend in the process, we think it’s a home run.
Facebook could disappear in five years, says Ironfire Capital's Eric Jackson. If that happens, another company must take its place in terms of Web relevancy.
If speculators are disappointed with the performance of the Facebook IPO it is because they had ridiculous expectations of what rational investors would pay.
I’d be a fool to compete with the hedge fund talent in knowing when Facebook is a buy or sell post-IPO.