Ok, buying all available shares at 19.93.
Only one analyst out of 22 recommending a sell.
I bought at $20.05 earlier today....and now buying far more at $19.93
Remember... 1 Billion people is a lot of eyeballs watching the site several times a day.
A year and a half from now? 1.5 Billion people
Huge captive audience market. Nothing like it in history.
Shorts are far too over confident. LNKD reports tonight. FB will open up a little higher tomorrow and shorts won't cover, saying, "oh it will be down by the end of the day. I am holding for $15" Then on Monday, it will go a little higher, and the above conversation will ensue, all the time adding "what a POS this is". WS works funny ways, and there is no way they can possible let this fall that hard in 3 months. I know I will be ridiculed for this, but let's see what happens.
Don't be a fool, buy DLTR, Dollar Tree, or MET, Metlife
FB was and is a scam stock, it MAY be worth 10 a share, it was Wall Street hype
Also look into CHD and SRCL, buy growing earnings as cheaply as possible, FB has declining revenue, simple, it was hyped, simple, stick to the basics.
FB wasn't worth $38....that's for sure.
But $25 near term?
So I buy at $19.93
I just read these arguments why not to by GMCR recently...and now its up 30% today.
Follow the smart money....that's ME.
It's been trading in the same range since the volume was at 30 million shares.
17+ more million shares traded since then (47 mil vol currently) and STILL in the same range.
That should tell you something....smart money is taking advantage to start long positions in FB. They are tempering the slide.
They are buying the margin call sellers and tucking shares away.