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To: Robert O who wrote (2135)5/29/2013 4:27:06 PM
From: The Ox  Read Replies (1) | Respond to of 8239
 
I am a little surprised/fascinated that there is almost no discussion on the FB thread here on SI. I know this is both a company and a stock that people love to hate. (No need to get emotional, as a far as I'm concerned.....especially when it comes to trading)

One would think that a 20% drop in a few weeks would generate some interest. Especially since we are back below the original, pre-runup pricing range of $25/share. Add in a year's worth of earnings reports.

It looks very attractively priced to this observer and will probably continue to do so if the trend doesn't change. Like many newly formed companies, there are times where they may be ready to start generating money but simply haven't made that a huge focus. I do believe that's where FB is at. The infancy between growing the subscriber base and profiting from that growth.

With so many stocks in strong bull runs, it's very understandable that the weak stocks would get tossed aside. There were few, if any downgrades after earnings that I've seen, so unless the analyst community was intentionally setting them up for this bear move, it's hard to figure what's driving the selling. I guess it's still all the negative press I read?

The move has been very severe and steady. Volume is also picking up. So we have the potential environment for a reversal..... Just have to let it play out....and watch for the turn.



To: Robert O who wrote (2135)5/30/2013 9:57:01 AM
From: The Ox  Read Replies (1) | Respond to of 8239
 
Once again Robert, your instinct was right on target!! Keep it up my friend.