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Facebook, Inc. (FB) Message Board

  • wesleydoctor wesleydoctor Jan 9, 2013 2:27 PM Flag

    Fast Money : People Are Selling APPL and BUYING FB. link

    read whole article for this quote. too long to put here.
    Fast Money 1/9/13 FB Magnet to $38: Mike Murphy
    Facebook 'Has Magnet to $38': Mike Murphy
    Ahead of a scheduled announcement from Facebook, Rosecliff Capital's Mike Murphy explains why he's bullish long-term on the social media giant.

    Ahead of a scheduled announcement from Facebook, Rosecliff Capital's Mike Murphy said Wednesday that he expected strong, long-term performance for the stock.

    "I'm long-term money in Facebook," he said on CNBC's "Fast Money."

    Shares of Facebook broke above $30 after the company sent out invitations for an unspecified Jan. 15 announcement, and Murphy said the stock would continue to climb.

    "As I said last week, or two weeks ago, I think the stock has a magnet to $38. I think this stock will print over $38 this year," he said. "It's been a long time coming, but I think from there, the story just begins for Facebook." Less

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