Sunday 20 May 2012

Facebook...1st days chart action

Minute by minute...the first day's trading. This must be one of the most hyped IPOs/floatations ever and this companies true value must be around the 15-20$ mark..perhaps even less considering there's no profitable business model i can see YET for the long term. Currently its worth more than Ebay, Boeing, twice as much as Dell and so on.If ever there was a stock to short?.. heres 10 reasons not to buy it.

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