Not the type of value you would expect for a "company" with a P/E over 140 and a $60billion market cap. Huge manipulation is in place to bring PPS close to IPO value. Not going to happen, and back to under $20 before year ends.
Sentiment: Strong Sell
Facebook is having a bright future, both e gift and mobile advertising are gaining traction. Also there is good chance for Facebook make money from advertising in Instagram.
Mobile advertising is a joke. If you used the site on a mobile device you should understand that they are barely seen and no one cares!!! E gift is also a joke and will only be used by your teeny boppers who live on the site and have to ask their parents for money (no purchasing power). What is to stop Twitter (the preferred social networking site) from doing the same thing? Tell me, did Google or Apple ever trade at a 140 P/E?
A company with such a market cap shouldn't have a "bright future" but rather a solid "present". Today's valuation is based on expectations. VERY dangerous don't you think!
Sentiment: Strong Sell
Forward full year EPS projected at .65. Forward PE at 43. Nobody except Shorts puts an emphasis on current valuations.
In my opinion, the only way it gets back to $20 before their next earning report, is if there is a
negative catalyst (like a profit warning).
Apart from that, the market is likely to slap a healthy premium because of all of the initiatives FB is currently undertaking ... the market loves to speculate after all.
Your name says it all!
Well, at least my stop loss @ 26.50 still open.... Damn, 5K @ 28.50 couple days ago....
Oh losing I see, did you really factor in how evil wall street is when you bought?