Twitter IPO

I think I'll stay away for this one the first few months. One never knows for sure, but the valuation at a $25 IPO is 11.8 times estimated 2014 sales. FB was at 11.4 times it's price to sales ratio at IPO.

LINK

Having said that, with IPO's it is hard to tell what the heck is going to happen. FB dropped 50% in its first three months on the market, but has gone up over 100% since June.

With the amount of volatility in IPO's, any position should be treated as speculative. A position should also be a small % of total worth.