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Technology Stocks : Meta Platforms, Inc. (Facebook) -- Ignore unavailable to you. Want to Upgrade?

To: Lahcim Leinad who wrote (969)	8/31/2012 4:26:43 PM
From: The Ox	2 Recommendations Read Replies (1) \| Respond to of 3790

>>>Well, since you know who they are and how they operate, why are you betting against them?<<< Who said I'm betting against them? I have stated over and over that you shouldn't buy....but I guess, like always...you don't read what is written in front of you. You ASSume too much...LOL! I write these posts because I find it very interesting to see how the ANALysts and writers love to kick a company when it's down. Based on my calculations and the existing data available, I would say FB is at Fair Value here at $18/share. Maybe it's worth $25/share due to franchise size and that they're a young company still learning how to create wealth versus a website... I thought that the company should have IPOd the stock around $20/share and at most $26. Coulda...shoulda...woulda.... I can also "justify", based on the numbers, a valuation in the low teens but I think that's a very bearish and unrealistic figure. However, the bears are in total control of the stock and the press is following them like lemmings. So who knows how low it will go? As many point out, the supply of shares that will be available to hit the market is huge. So, once again, who knows how low it will go?? Based on the numbers alone, I'd say its very realistic to think this stock will trade in the mid to high 20s at some point next year. This expectation is based on what is available now, today. That is why I say not to buy until we can see the next earnings report. The report may change my view but I'm not going to change my view because it's "en vogue" to call FB stock a piece of crap. I don't really care what the analysts estimate or how quickly they change their price targets or eps estimates. I like to see what's reported. I still say this is a great trading stock. Awesome liquidity, easy in, easy out. JMO TO