Tuesday, June 26, 2012

Facebook's Gaffes Continue

I haven't looked at Faceplant's stock this week, but as of last week it was $33 and change.  In the last week of May I wrote that it's shares could see a rally in June and July.  Indeed, since then they have rallied from about $25 to their current price.  Mind you, none of that price appreciation has anything to do with any anything even though some are now coming to the defense of Facebook and remarking the selloff may have been short-lived.   Haha.   Okay.   This run-up in price is simply gamesmanship in the casino we call the stock market.   Fair value for the company is under $5 a share.

Title link here.

posted by TimingLogic at 1:37 PM