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Where Is Facebook A Buy?

Posted, by inthemoneystocks on May 29th, 2012

Facebook Inc (NASDAQ:FB) continues to fall sharply, trading at $29.19, -2.72 (-8.52%). As most investors panic and run for the exit, smart traders and investors are eyeing it for a buy. The key here is to recognize the insane hype leading into the IPO and now the nutty hype on the bearish side. When this indicator reaches a maximum, a reversal takes place. Right now, Facebook is nearing its maximum level of negative hype. The buy level I am seeing is at $28.00 At that level, ...Continue reading here: http://bit.ly/KD0Qun

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Authored by, inthemoneystocks
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