Facebook Gets Body-Slammed
Barron's took a chainsaw to Facebook (FB) over the weekend, saying that the social network is still overvalued and would probably be worth something like $15. It's had an immediate impact on the stock today, dropping nearly 10% by midday to $20.63.
While I don't disagree with $15 as a one-year price target (and I said so last week with Jeff Macke on Yahoo! Finance's Breakout), you need to be wary of what might happen in the next month. It is getting dangerously close to the unlocking of a Facebook share tsunami in the next six weeks, as more "regular Joe: Facebook folks are allowed to dump shares. And they probably will....289 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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