Institutions will drop before year end. Investors will follow. The stock could end up in the $12-14 range.
The market does seem to punish companies not meeting earnings projections by a 10%-20% drop in the stock price the day after the earnings release.
Since I anticipate Farcebook will NOT meet projections, I would say 14.00 would be the new baseline.
Anyhow, like I have said before FACEBOOK IS FAR WORSE THAN A STRONG SELL!!!!!!
Sentiment: Strong Sell
Oh yeah... tell that to Netflix and Green Mountain and Zynga and... the list goes on.
The declining growth is what caused the slide last time. This time, they may miss compounded with declining growth AND a gazillion shares unlocked. Triple bad news.
It will go lower than $12!
It dropped $8 last time on Q2. But back then you didn't have any lock-ups either. So this combo can turn out to be one hell of a ride for FB!