If Buffet isn't going for the Facebook IPO, I guess he figures profit at this level is beneath him. Anyone who HAS the money to risk on the outside chance something goes horribly wrong..and doesn't try on this is crazy. Who cares for long term...but this IPO is vound to double/triple almost right away if past ones are anything to go by.
Besides...there hasn't been a juicy IPO that normal people would even know the name of n years. This will have all the normal folk with a few bucks and an online Etrade account giving it a shot too... Oh yeah... Long term may be a loser in these times. but the short term rush of a Vegas ride should be intense while it rockets and then finds it's balance.
^^ All strictly my personal opinion, of course. No one can sue me if it IPO's to a 50% loss of value in the first hour.
edit on 5-5-2012 by Wrabbit2000 because: (no reason given)