Next week look for a huge short cover rally. Fundamentals have never been stronger. Earnings at record levels. Some of the best management in the social media sector. You name it and it all points to a huge short cover rally.
but none of what you said is true:
Fundamentals - way overvalued, no guidance and not a proven business
Earnings - is lackluster, with no guidance on how FB intends to bolster too high a valuation
Management - significant management talent is leaving
Can't even spell scared correctly. Hopefully your not an Ivy Leaguer because otherwise they would have made a million dollar admission mistake. Ok Enstein you're confused between true rally and short covering on a market up day.
FB is still a garbage company where the average user has no interest in buying anything and is having trouble transitioning to the mobile market. It probably will be a round for some time to come or until the next social media come along but it's stock will only be worth in the single digit. Investors are mad because they have been duped. Good luck trying to find the next sucker buying this stock.
how many shares do you own? you sound extremely uninformed and in panic mode. with the shares down 50% and more that a billion float and a lock-up period on the horizon i don't think you've thought this through. overhead resistance is going to be tough for a while. maybe you should cut your losses and get back in when it is around $16.
good luck to you