Facebook shows it has still some fight yet - mobile add revenues soar and so does FB's share price. As I'm typing it up in the pre-market it is trading at $34 per share (up 28%). Do you believe Zuckerberg has turned the slump around and Facebook is off to reach new heights (finally over the IPO price)? Or is it still incredibly overvalued? Anyone managed to catch the wave?
http://www.bloomberg.com/news/2013-07-24/facebook-profit-sales-beat-est…
Not much of a wave unless you got in recently.
I speculate it goes higher in the mid term and back to $20 in the longer term.
This thing is a monkey. If you can handle the swings have fun holding it.
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