Yes, I'm Still Bullish on Facebook
Back in May I thought the Facebook (FB) naysayers were too pessimistic.
I thought the stock would go to $60 over the next two years based on an extremely powerful business model -- that shares would stabilize after the disastrous initial public offering. But apparently they didn't. Big-time investors, individual investors, insiders, investment banks and trading desks relentlessly dumped Facebook shares. The lock-up expired and an additional 270 million shares flooded the market. The bottom fell out. Just yesterday we learned early Facebook investor Peter Theil, who invested just $500,000 in Facebook less than eight years ago, dumped more than 20 million shares for a tidy $400 million profit....284 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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