when it gets down to about $10@ share it will be a buy.
Well, it’s hard to see Facebook as anything other than a fad. There really isn’t much going on except constant reminders of other people’s activities which, honestly, aren’t all that interesting. Some businesses use Facebook to keep subscribed customers informed of their promotions, like a newsletter, but I’m not sure that Facebook is any more effective than similar business efforts through other media. This whole Facebook IPO was way overhyped.
....and 50-50 that Zuck gets convicted of insider trading once the smoke clears.
When the bubbies move in, the kids move on. Facebook is a great place for grandparents to follow their young grandchildren. Thelma and aunt Zetuni aren’t clicking the ads. Is anybody?
Zuckerberg sold 3.1 million shares yesterday as did his deputy to the tune of 1.6 million shares. Are people really that stupid to have jumped on this bandwagon? There is no “free” money out there only manufactured money and the ability to hype an expectation.
My advice: Don’t buy individual stocks unless it is blue chip and pays a nice dividend.