Anyone Betting on Facebook?
- Thread starter cactiman
- Start date
It's no surprise that some here have reading comprehension issues.
http://www.forbes.com/sites/ericsav...-facebook-shares-for-trade-not-an-investment/
for a trade not an investment
FB is going to be a slam dunk long term buy/hold once all the pikers that got long during the IPO (or before that - that shouldnt have got shares in the first place - thinking they could just flip em for a quick profit) puke out their position for a loss. This will be after its gone down big (price) or its dead money (too long of a time for them to be holding a loser), then they get bored and throw in the towel thinking its dead money...I'm thinking the first target to start buying is the 50% fib from IPO (about $20), then we'll see a nice move up to around $30 (where most pikers got shares in the secondary mkt before the IPO), then insiders can sell in 6 months, push it down a bit, a bottom will starts forming, good fundamental news will start to come out, time to start forming a nice bottom...time to buy...price target back up to $40....IMO just gotta watch this price action to time your entry/exits
If it EVER goes to $1 it will soon be ZERO...
I say if and when it goes to the teens it maybe a buy....
I say if and when it goes to the teens it maybe a buy....
