Friday, June 1, 2012

Steve's barking at Facebook

On no Morgan Stanley got it wrong and peg the price of face book wrong.
Now if only I had some lose change around I would buy some shares. I looked in the usual places but my wife must have searched the couch before I did.
I was wrong I thought the value of the company for that many shares that were being sold was thirty dollars, and it's lower then that at the present time.
Me being not the brightest guy in the word predict that it will hit forty dollars by December and fifty by this time next year. Why you may ask? I'm looking at the other Buffet rule if you like something enough buy it's stock, and an a lot of people love Facebook. Besides a awful lot of financial annalist on the boob tube keep knocking saying that it's only revenue source is advertising. Good thing after over fifty years over the air TV finally got another revenue source besides advertising. I don't know how they were able to last so long.

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