Saturday, August 25, 2012
Did facebook bottom out at $18.75?
Ateneo Professor on Entrepreneurship
Louis Basense, Wall Street Daily is bearish on the Facebook. Money could not be made on FB on capital gains, but could be shorted. At $18.75 last Monday, FB is 50% off the original selling price of $38.00@.
Not so good signs:
l. Many stocks sell -out?
2. Five key officials of FB jumped ship. Why did they jump ship?
Does facebook have a bright future?
Louis Basense, Wall Street Daily is bearish on the Facebook. Money could not be made on FB on capital gains, but could be shorted. At $18.75 last Monday, FB is 50% off the original selling price of $38.00@.
Not so good signs:
l. Many stocks sell -out?
2. Five key officials of FB jumped ship. Why did they jump ship?
Does facebook have a bright future?
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