Facebook shares have rebounded somewhat since mid-November following the disastrous IPO.
“Before Facebook’s initial public offering, Nasdaq changed its ‘seasoning’ period for new firms to enter the Nasdaq-100 to three months, down from as little as a year,” WSJ.com reports. “The decision was a major factor in Facebook’s decision to list on the Nasdaq, a person familiar with the matter said at the time.”
PowerShares QQQ
Full disclosure: Tom Lydon’s clients own AAPL, QQQ and FB.