Yet Another Case of Individual Investors Taking the Hype of the Facebook IPO

I'm glad some of these people have financial planners to keep themselves from freaking out.

On Monday, 74-year-old Betty Tanguilig told her financial adviser to liquidate a $400,000 account and put all the proceeds into Facebook Inc IPO shares.

Her adviser, Alan Haft, agreed to sell only $46,000 of the $400,000 account, one of several the retiree has. But at about 6:00 a.m. EDT Friday, Haft heard from his brokerage firm, E*Trade Financial Corp, that Tanguilig did not get any IPO shares.

Tanguilig, a retired mother of eight, was furious. She has been on Facebook for many years and regularly logs in. "I had to have it," she said.

So this poor woman wanted to liquidate her entire account and buy shares of Facebook? Now that is a bigger epic fail than its IPO debut.