As Facebook IPO Approached, the Stock of “Physicians Formula Holdings” Soared

As Facebook IPO approached, "FACE" (stock of unrelated company Physicians Formula Holdings) jumped 22% & volume jumped 18x. How many times does it pay to be lucky rather than good? This is just brilliant on a number of different levels. First off, if you bought FACE instead of FB you'd be doing much better right now. Second, it shows the sort of desperation or eagerness of the public to jump on IPOs and in doing so made some rookie mistakes. Except in this case, if you made a mistake you got lucky.

From March 26th to May 3rd FACE had an average

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Tagged face, facebook ipo, fb, oops, Physicians Formula Holdings