that call was a flat-out unmitigated disaster. the analysts asked all the important questions during Q&A and the FB kool aid team had nothing of substance to say in response. scary thing was, the analysts were desperately seeking good news, but the moron zuckerberg acted like they were attacking him. he actually said things like 'i'm not telling you anything about that' in the tone of a spoiled 7 year old.
the only potential short-term uptick i see are when the shorts start covering. they haven't monetized, and more importantly, don't know how to monetize. their excuse is that businesses need to be 'educated about social marketing' and they're too busy doing that which doesn't allow enough time for them to drive earnings.
well, yesterday i canceled my old open $17 buy order from june. not comfortable floating any targeted buy position on this PIG at the moment, even despite knowing the stock will become oversold by late november.
here's the math:
no current projected revenues or earnings + execs fleeing the coop + 5% of fb user accounts are fake + 90% of fb advertising clicks originate from spambots = CLASSIC WALLSTREET PIG.