Facebook (FB) Stock IPO Closing Price - $38.23

May 18, 2012 - Facebook (FB) stock closed at $38.23 after a wild first day a trading. After opening at the price of $42.43, shares of Facebook (FB) jumped to $43 and then dropped hard to the pricing point of $38. The underwriters supported the stock buy lining the $38 price with buy order which caused a rally back to $41.50. By the end of the day, the stock wrestled with $38 again.

After the first night of after hours trading, Facebook (FB) stock is up slightly to $38.42.

So now what? How will Facebook (FB) stock perform on Monday, May 21, 2012? I expect more selling next week and I wouldn't be surprised if the stock dropped to $36-$37 before any rebound. Keep an eye on $40, if Facebook (FB) jumps above that level, everyone seems to want to buy back in. On the downside, if it breaks $40, everyone seems to want to sell fast.

Tim - http://stockstobuy.org

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