Paula Pant
Editor's Choice
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Should Contrarians Buy Facebook? Heck No!
By Paula Pant - August 4, 2012 | Tickers: FB, GOOG |
I’m a contrarian investor. If a stock plummets, my knee-jerk response is: “Should I buy it?”
When Facebook (NASDAQ: FB) IPO’ed, my level of interest in the stock was zero. As a general rule, I’m suspicious of IPOs, which represent a stock price that hasn’t been tested on the open market. I’m wary when a large group of company insiders decide they want to unload more »