I haven't traded in a long time but I know my stuff. This stock will bounce.It's really a matter of how low can you buy it and holding onto the stock, waiting for the bounce. I don't care who sold it and it was noted in the news.
If you did buy it when it was higher at the beginning and "are stuck with it", I'd buy more for cheap and see how low that it goes. You can make up for your losses.
Last edited by will2survive; 09-05-12 at 12:47 AM.
No, I didn't buy any. I wouldn't have a problem with a guy starting a position at these prices. When it was at $40 I made the case in a thread for a valuation of $17. It can probably muster up .75 a share in earnings in 13, $1 or better in 14. I wouldn't be in a hurry to buy FB but I certainly think FB will be a little higher than 17 in 12 months.