Pump and scare all you need to make your purchase of FB in the $30's look better but this stock will be in the mid to upper teens by the end of the year. Even the POS king of pumpers Cramer says $18 and his buddies have probably told him they will get it there for him so he can replay the clip on his show and pat himself on the back....you watch!
I am playing the momentum to a degree, but I think you bulls should take it easy. First of all the stock is having what is called a relief rally after falling straight from around $30 to $17.55. FB can rally up to $24 a share and the trend would still be down. Just because the stock has rallied a few bucks doesn't mean the stock will not fall.
Another reason why people should be concerned about this rally is all these 5% moves intraday, up and down. It is obvious that majority of investors are investing because of the momentum and are looking to make a buck on their trades.