True. But at what price? FaceBook is a childish concept company, and the forces driving it are equally senseless and immature. The price might conceivably go to $65 before the intelligent money reaps profit.
childish concept? BWAHAHAHAHAH. Do you have any friends? Might seem childish to some bitter money grubbing old man, but people use it and love it. User base is closing in on nearly a billion. With all those eyes on your product, wouldn't you as a company pay to advertise there? Think about that first before you go belittling the millions of people investing in this stock. Growth is key. You can stick your old man fundamentals up your #$%$.
don't try to short FB, if so, you may need to send your wifey back out to the corner again in a low cut tank top and short mini. She had to work almost 24/7 just to recover part of your losses from last week. Go with the flow and go long,