It is the Microsoft of Social. Stuck in the mud for atleast the next decade. Anyone with half a brain can see this. Dead money, good thing is they will figure it out soon. I opened a short today.
Actually you have to be bullish or FB at this point.
After a shareholders mtg which basically said we aren't going to worry about the stock price or investors, the stock suddenly stabilized at $24. FB meets its revenue expectations and clearly is indifferent to outside people.
Still they cling to $18, then up to $27, and with an island reversal and all bad news they have settled above $24 despite a clear leadership position of buyer beware/ you better be in this thru 2015. Amazing.
I hate the stock and the leadership. But if you ever wanted to speculate, FB seems to have floored at $24. Now with them joining S&P soon, the slow climb back to $38 should be oni itsway.
Sandberg is clearly only interested in her 5 year plan ad theywon't be judged based on the 1st 18 months. Everyone gets it now. So there is some hope now that all the IPOhype is over, and he dust ha sttled.
If y ou want to speculate on a summer stoc, FB is a good bet. FB could certainly inch up to $29 with a good earnings report. Even with Self Centered Sandberg's sell offs. Remember longs this cabal of plutocrats is on a 5 years time horizon. Sandberg has made it clear. If you can wait until 2014-2015, stay long. The most selfish bunch ever to hype an IPO. But downside to $19? Seems very very unlikely after that cards on the table shareholders mtg and Sandberg's announcement that she is in at FB for the next 4 years at least.
They are in rush to get investors their money back. However there is still a shot at getting back to $33 which is their current target. I'm holding until then. And I think most others will give them another 6-12 months now that there is no doubt that the leadership is basically on their own timeline and totally living in their own world. I'm ready to get out now since Zuck and Sandberg are so irresponsible with their own shares and with employee share awards.
Will FB get to $50? Yes, I still think so. In Feb 2015.
Sentiment: Strong Buy