RedLeg
Senior Member
- Joined
- Jun 26, 2012
- Messages
- 158
- Reaction score
- 8
I have avoided trading FB because I don't have a strong grasp on where it's going. You could say the same for Wall Street analysts, as price targets vary greatly.Thanks, just checked it out! What do you think in general of facebook to put some cash in right now while it's low. From my feeling I think it will get even worse, google + is becoming something, yes?
I have argued that the stock is overvalued since prior to the IPO. However, growth tech stocks can take off and double in a few months with little regard for the stock's intrinsic value, so I don't really have the stones to short it.
Presently, don't forget about the expiring lock up periods coming up. If you are looking to buy and hold, I would wait till after these. Short-term, I think we could get a pop. Earnings weren't down 12% bad.