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Facebook, Inc. (FB) Message Board

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  • gf995 gf995 Aug 6, 2012 8:54 PM Flag

    Closing price end of next week? Any takers?

    There's already billions of shares out there, and a clear resistance to selling shares under $20.

    Insiders are going to think long and hard about selling shares under $18 when the potential upside in just a few months is huge.

    I think we all know that these FB insiders are not going to give up the chance to make a killing, by selling a stock at $10 that could be $100 in a few years.

    They are saying to themselves, ok the IPO was botched, but look at the way the market is valuing LNKD now. I'll sell a third of my shares now, and a third in 2013, just to make sure I don't miss a big move upwards.

    Since the big dump of shares isn't until after the next time FB reports earnings - or who knows what other new monetization schemes - buying at an $18 floor now in August, while indeed a risk, could end up as the smartest move any investor ever makes.

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