Never trust anyhing from Piper Jaffray. They have had more disciplinary action taken against them than any other firm on Wall Street. Google "Piper Jaffray fraud" and you will see exactly what I mean. I'm not saying that there are Wall Street firms that don't lie and cheat, but Piper is at the top of the list. It's name is synonymous with criminal activity.
FB was absolute rubbish! Nearly lost my shirt but made back my losses thanks to Ultimate Stock Alerts (find them in Google)
Today they reduced the leverage on FB from 25% to 30%. That maneuver coincided nicely for them with the massive drop yesterday. Essentially they created the likelihood of a Fed call. Whining didn't help much this time. So I'll move on. Just when things were getting good again.