Msg. 43388 of 45651 (This msg. is a reply to
43383 by
Decomposed)
Jump:
Facebook (FB) is down another 3%, and currently at its low - $19.27 with more falling probably on its way.
I wouldn't expect ANYONE with a significant number of shares to hold them when dramatically lower prices are a distinct possibility. It'll be interesting to see whether Zuckerberg sells more. From a fiscal perspective, it would be smart. But his pride might not let him display such an obvious lack of confidence in Facebook's future.
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
Not for me, it isn't. Facebook might be worth two or three dollars.
August 16, 2012, 4:28 PM
Facebook Below $20: Is It a Buy?
By Steven Russolillo
wsj.com
The carnage in Facebook shares has prompted one major question: Is it finally time to buy?
The stock seems to have found some sort of floor near $20, with Thursday marking the second time this month it has been to hold around that level. It closed down 6.3% at $19.87.
But given revenue growth is shrinking, costs are rising and short sellers are pouncing, question marks continue to swirl about what’s next for the stock.
“Given a timing standpoint, there’s no rush jumping in now,” Ken Sena, an analyst who covers Facebook for Evercore Partners, told MarketBeat.
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