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Facebook, Inc. (FB) Message Board

  • cameroninbaghdad cameroninbaghdad Jan 4, 2013 11:37 AM Flag

    Think Rationally

    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.

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