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Facebook burned its most loyal supporters by having a too high IPO price. Bad publicity can impair their hope for more rapid growth. With a P/E ratio 8 times more than Apple and no dividend how can an investor believe that they will make any profit on this company.I am guessing that as more insiders bail, the stock price might reach the low 20's by next year. After that it might be the next AOL on its way to irrelevance.
I couldn't agree more - the probability of FB being the next AOL is very high.
The stock is falling faster than I thought possible. With the new shares coming online, I suspect that a waterfall decline might develop as the insiders try to capture some value before it goes bust.
It has also suffered from questions concerning its true volume of users. Since about 85% of stock market transactions are from high frequency trading programs, it begs the question: How much of Facebook's volume is from people as opposed to programs designed to visit sites and hit links.
Facebook stock facing new pressure with new insider selling
‘Lockup’ period of share sales expires Thursday
By Tim Devaney
The Washington Times
Tuesday, August 14, 2012
http://www.washingtontimes.com/news/2012/aug/14/facebook-stock-facing-new-pressure-new-insider-sel/