.......things will improve dramatically. It's going to take a few months for Wall Street to digest everything Zuck has done and is planning to do with FB. But when they do, I believe they will see an innovator and someone with both feet on the ground with an eye towards making FB a mega force in the not-too-distant future.
As with everything that is new and/or not readily understood, there will be no shortage of naysayers and scribes armed with barbs. This will amount to no more than a gentle tickling in the long-run.
Zuck and his team are putting together an integrated multi-dimensional platform that is going to print money for years and years.
Only two things can stop FB. 1. People stop communicating with one another or, 2. Advertisers stop advertising. Donald sterling (Clippers owner) has a better chance of being elected president of the NAACP than either of those two scenarios becoming de facto practice.
The month of May rarely is the merry merry month of May that's chronicled in song. Longs should ignore downturns in may. They are going to happen to FB, other stocks and the S & P in general. Instead, focus on what Zuck is building, which IMHO, is the largest advertising footprint ever experienced on Madison Ave.
To wit, advertisers pay zillions to advertise on Super Bowl Sunday, but the Super Bowl is only seen by about 280 million people in a good year. FB's platform holds 1.3 billion sets of eyes, and that doesn't include Instagram or WhatsApp, both of which who are only scratching the surface of their ad revenue potential.
PPS predictions are worthless at this point. Really, who truly knows? But I'd be my last nickel that FB's pps is going to see triple-digits at some point. Maybe as soon as 1Q 2015 or earlier? Either way, FB longs will be rewarded.
happy- Could be. Like I said, may is sort of a goofy month for stocks. Not sure why. Just seems to be that way each year. So, if you are looking for an entry point below yesterday's closing price, I for one would not discount the fact that you might get it.
FB seems to have good support each time it drops back into the $57 area. JMHO, but I would not anticipate the pps falling below that unless the S & P takes a huge tumble.
BTW, stay happy! Too many sour pusses in the world. We need more smiley types.