They hand delivered the invites that never happens and for him to say a small group with a big idea implies that it was so secret he only wanted of few of his top guys on it to ensure nother got out. This might be a game changer that will bring FB over the top. Look for big buys coming into thursday.
lol .... sorry ... been down this path before .... no expectations at all ... there is so much groupthink internally that FB no longer is living in the same reality as the media, wall st, and retail investors. What they think moves the needle or is cool really isn't going to make sense to anyone right now.
There is no adult in the room to question what they are doing. 2013 is basically a transition year, a rebuilding year according to them. Especially after that shareholders mtg. This is a trade, a speculative one at this point. Remember. It's not an investment, this is speculating. FB is a private company and doesn't care at all what investors want or expect. They've made that crystal clear in 2013.
Still we are very likely at another floor. If you've wanted to get in and speculate, now's a good time. It's very likely that retail folks and institutions have sufficiently capitulated, it's after sell in May, and there is very little indication that July revenues will disappoint. It's all bad news, so that's baked in. I said $23.23 is a new floor, and I'm sticking with it. Expect another disaster on Thursday with the stock dipping into $22.80. After that it's a buy into earnings.
If Zuck starts selling or giving away shares in September 2013, that's a different story. And it may be time to give up and take a full loss.