Facebook Close Day 7

At this point, no one should be surprised that Facebook has closed below $29.00.  I have been saying this since last week and I am no so-called expert.  But I do understand business and what is real from what is fantasy.  Facebook did not and does not have the financial strength to be a powerhouse stock…yet.  It certainly has potential but that’s all it has.  Don’t be surprised to see the stock fall further as I wrote this morning.  The stock may open up higher tomorrow as there will be investors afraid not to get in, but after that, it should fall further.  The $30.00 benchmark was important psychologically and it could easily fall to 20.00 now that point has been breached.  Tomorrow should be an interesting trading 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 )

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