Yeah, I wasn't that excited about them making all the extra shares available. But I guess that's how I was able to get 300 shares rather than the orginal 100 shares I was promised. Sounds like I can get get out of my positioin at anytime today. So depending on the run-up today, I might dump a piece of it. What do you think would be a good exit point today?
Facebook Inc. (FB)¡¯s stock, which has already lost $25 billion in value since its public debut, would have to drop another 20 percent for its valuation to match other companies that do business over the Internet.
Facebook, with a market capitalization of $79.1 billion, is trading at 29.5 times the company¡¯s projected 2014 profit of $2.69 billion, data compiled by Bloomberg show. The stock would have to dive to $23.07 to match the average price-to-earnings ratio for the Nasdaq Internet Index based on estimated earnings in the next 12 months, according to the data.
Established in 1995,
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