Facebook Day 5 Close

Facebook ended the day up another 3% but less than the 5% I discussed this morning.  At $33.00, Facebook is already higher than what it should be worth.  With the end of the week one trading session away we may finally see it head south to the magic $30.00 figure which I continue to see as a benchmark.   What has been surprising is despite the numbers of shares changing hands the price has remained slow and steady, trading within a fairly narrow range.  In my mind tomorrow is an important day.  Stay tuned.

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