You may well turn out right that it is not black and white but, cactiman when it is this gray (at best) it seems that with so many fish in the sea it is not worth the look!!!
But it's so much fun to Speculate about the Latest Fad! Anyway, still waiting for the Options to become available on the 29th. Will decide then about a possible SMALL longer term position, if the Expiration Dates go out far enough. This puppy could go sideways for quite a while, in a Gray Boring Non-Monetized Mist.....
Well ... you clearly like the fundamentals. To me it's just a stck that has broken down technically. Good luck on the calls.
Really, the sensible thing to do is wait for a while, let FB work the bugs out and find a low, and then try to Bottom Fish it. As to Speculation/Price Guessing: Who said $30? Who said $20? This guy's talking $13.80! MarketWatch: May 25, 2012, 12:02 a.m. EDT Facebookâs stock should trade for $13.80 Commentary: Hereâs a fair-price calculation for Facebook Since Facebook FB is most often compared to Google GOOG, letâs assume that its price-to-sales ratio in five years will be just as high as Googleâs is currently: 5.51-to-1. You could argue that this is an overly generous assumption, of course. But it nevertheless means Facebookâs market cap in five years will be just $63.8 billion â 30% less than where it stands today. Assuming that the total number of its shares stays constant, that works out to a price per share of just $23.26 â in contrast to its recent closing price of $33.03. Ouch. Actually, however, the news is even worse: No one is going to invest in Facebook shares today if its price will be 30% lower in five years. So, in order to entice someone to invest in it today, Facebook needs to offer a handsome return. Assuming that its five-year return is equal to the stock marketâs long-term average return of 11% annualized, Facebook shares currently would need to be trading at just $13.80. Double ouch.
give it 5. i am betting Zuckster rides off into the sunset within a year. he has no clue. rimm, what is that.......... s
Another article about FB. Uhhh..... sort of on the negative side. http://www.mercenarytrader.com/2012/05/facebook-failure-the-carnage-has-only-just-begun/ :eek:
shall we call this the biggest pump and dump of shares Pump and dump http://en.wikipedia.org/wiki/Pump_and_dump wall street is and has always been institutionalized fraud sanctioned by government , governments create inflation to pay debts and depreciate true value of pensions with inflation .Wall street is it's fraudulent tool , a thieving machine that creates no wealth but steals and destroys wealth.