Now FB is in the blue-sky zone and anything is possible. What are your thoughts: Where will this present run end? What will be its tell-tell sign? Will FB going to be market-co-related? Will the market correct 10% in Oct/Nov? How much % of the FB float foreigners are holding presently? .... questions...questions... let the answers begin in this predictions thread!
It won't be $70 after earnings. July earnings made the market comfortable with the $38 IPO price. October earnings will set the $45 day 1 high as the new floor. Between now and Oct 21, we'll probably see a few bounces back and forth to some portion of the $38 and $45 range. After Oct 21, assuming earnings are on target, $45 will stabilize, and we'll climb up again. But if this year's revenues are around $8B, next year's assuming the growth so far continues, will be around $11B or so, and the following year around $16B and so on. Meaning the stock price will probably grow similarly. If we end the year around $50, we'll end '14 around $65-$70 and '15 around $90. And so on. If things go well. If we pop to $70 after earnings, the stock price will collapse quickly afterward. We do not want that.