Wanna get your hands on some Facebook shares pre-IPO?

Good luck with that…

In a phrase, “ain’t gonna happen…”

Thinking that you will just buy it (or some other hot social media startup) in the secondary market right after the IPO?  You might wanna take a look at this before you pony up…

“Investing” in IPOs or anything else is no different from short-term trading… Some trades work… Some trades don’t.

Do yourself a favor… devise a real strategy for trading IPOs complete with a set of rules, if trade them you must.  At the top of that list should be the phrase “Rule #1 — Control My Risk.”  Last on the list should be the phrase “Rule #Whatever — Never Deviate From Rule #1.”

You can thank us later.

Yeah, I said it…