Facebook Tanking like Netfix is Laughable. Double from IPO $76
It's funny to see people say that FB will tank like Netflix. Don't people know that FB has run up only the last three months and is less than $20 from its IPO? Netflix and all the other high flyers have run up for 1 yr+. FB is just started.
Analyst have gone to conferences and have talked to people who pay Facebook on advertising, and they have seen money flowing in the company. GOOG showed good advertising strength. Comments from analyst have shown facebook gaining advertising dollars. Instagram has yet to begin to start monetizing their site for ad dollars.
If you want to ignore all this good news, then sell. But these runs especially in the beginning last for a year or two. FB again has only run up less than 3 months. It's laughable for people to compare FB to Netflix. I'm here and others are here to stay and will watch this company make us a whole lot of money. After earning $60-70 and then a run to double from its IPO OF $38 to $76 I sometime in November. Law of round and meaningful numbers.
If you want to ignore this then all I can do is laugh all the way to the bank lol. Good Luck to all Longs.
Yes, this is right, plus we KNOW this quarter is going to be very, very, good. It was 1/3 in the bnag at the last conference call ... and mobile momentuem has only picked up since then. We are also entering the Christmas season where advertisement is always strong and Facebook will pick up the lions share of mobile ads ... not to mention Instagram and video ads that are coming close behind by the end of the year.