FB is not a good stock to trade, period. Itâs trading way too high but that will continue based on sentiment. I mean its market cap right now is 75% of Chevron and 150% of American Express with a P/E ratio thatâs over 5x both of those. FB is way, way too overpriced.
Facebook was IPO-ed by big guns such as Morgan Stanley (MS), JP Morgan (JPM), and Goldman Sachs (GS). it was valued at $90B. these giant institutions will milk this cow until it reaches to 200$. too much money on the line. I heard FB dominates the advertisement space in mobile devices (80%). probably, they're going to charge 10 cents each every time one sends a message in Whatsup
hit the nail on the head - "these giant institutions will milk this cow until it reaches to 200$. too much money on the line."