Facebook Day 6


As we await the opening of the markets for the final day prior to the long Memorial Day weekend  I am sticking to my guns regarding the FB stock price.  There has been no reason to believe the stock will rise and every reason to believe it will drop back towards $30.00 or below.  This is based largely on the same factors that existed prior to the IPO, what I have been discussing all along, and a little bit on gut instinct.  Now it’s always possible that I might end up with egg on my face but I don’t think short-term that will be the case.  As I have stated in previous days, I would jump in to the melee if and when I believe the price is right.  Hey, might be a good name for a game show…..nah.  But I still believe there will be time to get in at the right price and we are not yet there.   A stock has to be more than just potential.  Diligence is the word of the day.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s