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HSD – Facebook Inc $FB

The Hot Stock of the day yesterday was Facebook Inc (FB). Even on a down day Facebook was able to shine, up 4.96% yesterday.

Facebook has been doing quite well after bottoming this year. Their IPO was probably one of the biggest sources of debate last year. They were valued quite high with their IPO price and after their debut, they tanked. A combination of NASDAQ issues with the IPO itself, arguments that the underwriters were benefiting way to much from the IPO, and general market uncertainty as to whether Mark Zuckerberg could deliver on his promise of where the company was headed, and how they were going to make money.

They have generally settled at this current level, and have seen support at the 45 dollar range. If you are skeptical wait for a pullback, but otherwise keep on trucking. If Facebook’s earnings grow as expected, then they still have room to run.

Facebook Inc

Disclaimer: I currently hold the above mentioned investment. I may look to add to a position in the above mentioned investment, within the next 30 days. I am not looking to take a short position in the above mentioned investment within the next 30 days.

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