Happy birthday, $FB! Yes, Facebook turns 9 today. Gee, it seems like only yesterday that the social network started beating up Myspace as the destination of choice to share your dog and cat pictures, as well as the candid party shot of pounding down brews via a beer bong. Hi Mom!
Anyway, the market has been a little unkind to the stock so far in February. But that was after earnings and as the market has made new bull market highs. If the market pulls back, some of the high flyers may pull back even further. But it's starting to look like the strategy for mobile platforms may work. So, maybe this is a stock to accumulate on dips.
I don't own any FB, btw.
Posted with Blogsy