Gee, when shares were at 70, analysts upgraded it and set price targets of 85-90. We haven't heard from them since. I suspect the upgrades were intended to help them sell shares at a higher price. Never trust the analysts, either buy or sell side.
you hit it right on the nose! Large traders want to get this one back in low 50's or 40's. IMO, look for a continued drop (along with the market). This is finally the beginning of the correction that has been discussed for such a LONG time. 63 minus 10% = ~57. I'll wait & buy more then
No kidding. Of course none of the upgrading analysts mentioned this. With so many high market cap companies making their money by selling on-line ads, it only makes sense that the ads aren't all effective.
It's hard to measure the success of ads placed anywhere unless an advertiser only advertises in one place. Don't think this has anything to do with today's drop or the drop from $72. Maybe trader1up has a point? But the continuation of that would be to drive FB down so it can be bought back at a cheaper price.
If that was their plan, I'd say they are succeeding. Gotta hope 1Q 2014 is as good as 4Q2013. A slight uptick would be nice, but I assume we won't know about earnings until about the 3rd week of April.
Twitter is getting dumped as well.