The shares for Facebook (FB) begin trading tomorrow, and there’s lots of excitement about it.
In fact, I’ve got dozens of readers and students asking about it. They all want to know– should they be buying FB right away?
With Uranus conjoining the Midheaven in the First-Trade horoscope, we can certainly expect a volatile start for this new stock’s trading career. But does that mean buying this stock right now is a sure-fire winner? I’m not so sure.
In fact, I think some extra caution may be in order here, especially considering the Sun/Admetos conjunction, the Mars/Chiron opposition, and the fact that this stock starts trading right before a solar eclipse (right after the eclipse would have been much more favorable).
And what would the astro-trading masters of the last century have to say about the Facebook opportunity?
W. D. Gann, writing in 1950 in his book The Magic Word, made this comment about the ideal form for a Friend Request: “Enemies disappear quickly when you learn to love them,” he said. “You will then find that they become your friends.”
George Bayer was even more direct about the kind of opportunity being presented now. In his fascinating book with the cumbersome title Stock and Commodity Traders’ Hand-Book of Trend Determination: Secrets of Forecasting Values Especially Commodities including Stocks, published in 1940, Bayer offered this sage advice to the astro-traders of his day: “Select one active stock that sells between 25 and 75 dollars. Stick to this one; learn to know this stock well and the rule or rules it likes to follow. The stock you select should be listed on the Exchange for many years. It then has history behind which can be put down on chart paper. Leave new stocks to the public.”
Although they each had their own distinctive approach to the markets, I’m not sure either of these legendary astro-traders would be buying into the Facebook offering if they were alive today.
My personal choice is to watch from the sidelines as well.