Facebook Closing Day 2


As the second day of trading for Facebook draws to a close it looks like there is downward pressure once again.  The stock appears to want to drop below the $34.00 mark.  It’s currently at $34.07 (just hit $33.95).  The day saw much in the way of negativity led by Jim Cramer.  But one need not be an expert day trader to realize the fundamentals just aren’t there.  Facebook stock appears to be acting quite rationally in a sometimes irrational world.  Now that it has dipped below $34.00 the only question is how far will it go before the close in 15 minutes or will there be a bump with traders wanting in?

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