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Your take: Is investing in IPOs smart, or strictly for muppets?

Is investing in an IPO smart, or strictly for muppets?Lots of people lined up yesterday to buy shares of brand-spanking new Twitter stock. Initially priced at $26 a share, Twitter stock was going for $45.10 when trading began, and at one point was up near $50.

Big pops like this are pretty common with high-profile IPOs (short for initial public offering); many rank-and-file investors can’t wait to get in on the new hotness and quickly drive the price up, buying in at price points so high they’ll probably never make much money on the stock.


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