Sunday October 04, 2015
Weekly Postcard #125 - the Right should back Corbyn on Trident and on other defence cuts
So what if David Cameron smoked pot at Oxford? I really worry about those that did not
Weekly Postcard 123: Orwellian BBC News lies and misleads on migrants and public sector wages


, , ,

Facebook Target Stock Price still $7.30 but risks now on downside

Share this article with your comrades in revolutionary capitalism

- Tom Winnifrith

I wrote here on June 5th that my target stock price for Nasdaq darling (and overhyped IPO of the year) Facebook (FB) was $7.30 a share. Results yesterday saw the share price slide again and they are now $26.84 down from a $38 IPO just a couple of months ago. At the time ex-penny share tipster Luke Heron set a $50 target price. That was a good a sell signal as you would normally get. But on this occasion the fundamentals were an even bigger sell. If anything yesterday’s results make me think my target price may be a tad optimistic. This remains a great one way bet.

The headline loss of $157 million is irrelevant.

Read the full article on ADVFN | Comments
comments powered by Disqus

Register here for The Tomograph
Tom's newsletter with original articles and a free share tip of the week, not found on this website.

Support Free Speech

Get your Free Speech & Liberty Pizza House t-shirts here