It appears that my target price of $30.00 this morning will not be that far off as we come to end of the trading day.  I like so many others, are taking a wait and see attitude.  If FB does hit $30.00 or falls even one cent below, it means the stock could well end up at $25.00 by the end of the day tomorrow or Thursday.  What’s amazing is how logical this whole process is rolling out.  It could have ridden a wave of euphoric optimism and sent the PE ratio to the moon.  But instead the stock is slowly but surely settling in to a comfortable place.  It may stay a there a while until some positive news breaks.  As of this posting, Facebook just broke through $31.00 to settle at $30.95.