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What follows is “ Mad Money ” host Jim Cramer’s “Game Plan” for the week of Monday, May 14.
MONDAY, MAY 14
The biggest event of the week may fall on Friday, when Facebook could make its initial public offering . Cramer thinks it’s worth getting in on the Facebook IPO , by the way. Speaking of Internet IPOs, though, Groupon is scheduled to release its quarterly results after Monday’s closing bell.
(RELATED: Cramer's Take on the Facebook IPO )
“Here’s the poster boy for what we most fear about the Facebook deal: an overheated IPO stemming from mass hype that only makes money for the flippers,” Cramer said of the daily deal company, which went public in November. “Groupon doesn’t change my view on Facebook’s IPO, but it does highlight two important things: 1) that buying in the after-market when the stock is already trading is a fool’s game, 2) that if you can actually get in on the deal, you can make money even if the worst comes to pass.”
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