Now I will certainly welcome opposing views but here are my thoughts on FB. I had a strong feeling the IPOD would flop when my broker was reaching out to me asking if I wanted in on shares shortly post-IPO. Surely enough it did flop, pretty hard in fact. Then there was a time when it was under $20 and I was telling everyone that FB is a good buy under $20. I didn't buy any but turned out I had the right idea. Now it's sitting at 28 with a market cap of 60 billion and hopes to revive revenue with mobile ads. I am no genius but a company worth 60 billion that sells noting and plans to generate substantial revenues via mobile advertising seems odd, don't you think?
For that reason I have sorted 7500 shares at 28. Now I'm obviously down a few k at this point but honestly, the majority of positions I take start red before going green. Let's just call it bad timing. Nevertheless I see this may go to 30 prior to earning on the 30th, but after that I see it falling back to reality and trading at or below 20 once again by summer.
I don't know how long you two been in the stock market, you cannot predict almost anything here. But betting against FB at this point just like betting against GOOG and AAPL at the time of their IPO. You choose believe or not believe( GOOG , AAPL ) , but at least you don't bet against it.