Did you marry it?
Facebook fell 6.5% to $19.83 in midmorning trading, after hitting an all-time intraday low of $19.76. About an hour into the session, more than 62 million shares had traded, more than twice the stock's average daily volume the past 30 days, according to FactSet.
The decline extended Facebook's plunge from its $38 initial public offer price. Facebook reported in late July that it swung to a loss in the second quarter as revenue growth slowed and costs rose, weighing on the shares.
Meanwhile, technology shares in the broader market rose,...
It's no secret that institutional holdings are shorting fb like a hot turd. Sometimes it's best just to walk away. Learn from being Zuckerberged. It will save you millions over the course of a lifetime. It never pays to buy into something that has no intrinsic worth. It's a hula hoop company.
Invest in yourself.
I wonder how Facebook will destroy their service to counteract the sliding stock value?
Well people I have to admit, I made a mistake.... I just bought another 1000 shares and hope it goes lower. I have a feeling by the 3rd quarter of next year my shares will give me a nice reward and those of you who laugh, laugh last.
you probably will get you wish of even cheaper shares in the near future as the insiders unload billions of shares ......
read this article today, glad I sat this one out ......
At $18, using the correct share count (2.7 billion), Facebook is still valued at almost $50 billion. And it's still trading at ~28-times next year's projected earnings of $0.65, an estimate that looks just as likely to be too high as it is to be too low. Meanwhile, Apple is still trading at less than 15-times projected earnings. So you can't argue that Facebook is now "too cheap."
Dipped to $17.58 today.
trying to stop the bleeding ......
Zuckerberg Won't Sell Facebook Stock for at Least 12 Months
Well people may I say I have done pretty well with my face book investment. It is true I bought at the IPO of $38but sold at 41. Than I rebought at 31 and thought oh no when the stock hit 28 so I sold it. When it hit below 18 I rebought all I sold and now am ahead of the game. So all you out there that thought I was crazy, well I guess it is all about getting in and out at the right times. Now I'm in it heavy at 18 and just sitting here waiting for the big pop. Don't be fooled, it will pop and as I see it Zuck is just waiting for all the non believers out there to get out completely. I still say in the long haul this stock will be a bonanza and when it hits 100, I want all you naysayers out there to say ,you were right. If it doesn't I still will be alright as I really don't think it will go below 19 ever again. Look out Appl and Priceline FB is ready to get up there with the big boys and there is no looking back.
Facebook is a joke as far as I'm concerned. I don't use it and never will. I suspect it will either be gone entirely or completely on the sidelines in five years or so. Technology moves too fast. Now, if Facebook gets involved in other aspects of communication, maybe they have a chance. But the future of "Like" this and "Like" that is short, relatively speaking.
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