Facebook End of Day 4


With 30 minutes to go until the end of the trading day, Facebook is holing on to a modest 3% increase.  This morning I went out on a limb and said it would close below $30.00.  There is still some time but in all likelihood, it will close somewhere around $32.00.  I am however staying with my $25.00 price point short-term expecting the stock to hover around there until there is some definitive news either way.  One thing seems certain at this point is if the stock starts to make a northward move there will be time to get in without getting slammed.  You can’t quibble over a point or two.  Update: Stock just dropped below $32.00.  I’m just a slow typist.

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