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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?  

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