True. But most people can spot a trend underway and that is the closest thing to a sure thing you will find on Wall Street.
Let's see... 24000 shares... nine bucks.... oy veh!
It's all smoke and mirrors. Right now advertisers are flocking to Facebook on a belief that eyeballs means money. But whose eyeballs are glued to Facebook? When they get the answer to that, FB will suffer a similar fate. Avoid these turkeys as long term investments and if you are a risk taker who things you can time the market, go short.
As sure as the sun will rise tomorrow and every day thereafter, the price of this stock will meet and exceed the current average price target. The reason this will happen is because Apple's multiple is currently too low for the growth stock that it is. Forget about percentages. Look at the revenue, margin, and earnings as whole numbers. A company that can add a couple of billion to earnings in a quarter, regardless of total earnings, is certainly worth more than some pissant wannabe whose earnings jumped 50% to, say, 30 million. Yet, Wall Street, in its infinite wisdom, awards the pissant a multiple that is ten times the multiple of AAPL. Makes no sense. And the market is starting to realize that.