No way! FB is a gamble, on all levels. Overvalued, insiders selling, increase in costs, everything that has been rolled out(gifts, e-commerce, graph search, facebook home) has flopped. The only thing left here is mobile ads. Which no one really knows will turn out. And of course, will it affect the desktop ads. Way too much risk! For you who chose to sit over the earnings, good luck!
I will sit long over the earnings and here is why. As a small business owner, I can tell you that just 6-8 years ago all I needed was a yellow page ad to make money. Now the phone book is as worthless as a typewriter. If you are not advertising on the freeway, you had better be on the net. If I asked you the question , what is the most popular internet site/destination I'll bet you would say Google or Facebook. So where will I put my advertising efforts? One or the other. One stock trades at Almost 800 per share, the other at a little over 25. I think it's just a matter of time before FB gets a little closer to 800. I'd be happy with 35 for now.
I think many people here look at the shareprice of FB and say it is cheap. Man, FB is swimming in amount of shares. With all new shares coming all the time, FB will amount to 4 billion shares within few years. As of now there are like 3,6 billion. In order for FB to reach Googles valuation, FB will have to reach around $80-90 a share. That will put FB to roughly $250 Billion. I am telling you, with its current model FB will never get close to Google!