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Earnings may cause a pop
and I am going to sell what I have if it pops...
And it will pop, much like a bubble does.
I'm not a facebook bull by any means, I was just wildly guessing that it may pop if there was even a slight earnings beat or something new in the pipeline, but I was wrong. I'm switching this to a bear sign, I am aware facebook is way overvalued and should come down to a much lower multiple. Unless they can meaningfully increase revenue per user like LNKD is, they should trade at less than $20 a share. I was planning on getting some easy caps points but that failed haha. I do agree that the social networking "boom" will pop rather soon, especially after FB, Grpn, and zygnas bad quarters.
I'm not a facebook bull by any means, I was just wildly guessing that it may pop if there was even a slight earnings beat or something new in the pipeline, but I was wrong. I'm switching this to a bear sign, I am aware facebook is way overvalued and should come down to a much lower multiple. Unless they can meaningfully increase revenue per user like LNKD is, they should trade at less than $20 a share. I was planning on getting some easy caps points but that failed haha. I do agree that the social networking "boom" will pop rather soon, especially after FB, Grpn, and zygnas bad quarters.
pop pop pop!!