I believe FB shares oversold therefore less chances of downside. Most likely FB will move higher after Aug 16 due to investors are not willing to sell at the bottom price. If FB trading at $30 or above then I can think massive sell off. However FB trading at $21.60. I believe FB will move higher may be up to $ 25.00 by this week. Short seller are spreading rumors about massive FB shares flood in the market. Smart investors will not sell their portfolio at this bottom price.
If you are long, you are holding a falling knife, and trust me, it can be hard to let go. The feeling is like a deer caught in the headlights. If you have lost more than 8-10%... Cut your losses. FB is Shark infested waters and they are going to play their game at retails expense. Better to play with them.
It will likely take two weeks, but we will be on the bid tomorrow.
Anyone unhedged short on this is a complete moron. Any longs selling this thinking that Faceplant continues to be a Faceplant does not understand what happens next with AAPL and the mobile initiatives.
Just check out the stupidity of the short goobers posts here all day long. It is unfathomable that anyone is paying them for their incredible stupidity... they are simply morons.