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Facebook, Inc. (FB) Message Board

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  • gizmondo123 gizmondo123 May 22, 2012 12:36 PM Flag

    Why is FB a failure from IPO day?

    It should have been a much bigger loser on IPO day but every time it got close to the red line it was supported by the investment banks. The financial show I listen to said that would only happen on day one and so a decline from this point on was widely anticipated.
    I think it will keep going until it hits around $26.00 a share, at which time I will weigh the risk, the PE ratio on this is huge.

 
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