Saturday May 30, 2015
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Weekly postcard #113 - as a libertarian could I consider a war against ISIS a just war?
Wildlife diversity report from the Greek Hovel - first snake met & I might have killed it

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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Facebook – Share crash to continue – Target Price cut from $7.30 to $5 and Zuckerburg will have to go

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- Tom Winnifrith

I have explained numerous times since Facebook (US: FB) stock IPO’d at $38 a share in mid May why I think that the shares are on fundamentals worth no more than $7.30. Actually it is pretty hard to put any value on this company as there is just so little visibility of earnings. And for that reason alone I am now slashing my price target from $7.30 to $5. And I think that the shares will head there pretty quickly. This remains a stonking short sell opportunity and here is why.

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