Personally though, FB is just a punt in my view.
Ok, firstly, if you read my earlier posts, you'll see that's exactly what I said, it was probably worth a punt at $18. There are a lot of unknowns as with the majority of tech IPOs that is the same.
Secondly, what you have pasted there from means very little without context (apart from the information on lock-ups). The reason why is pretty simple, if you can tell me what Google and Apple's PE was in say 2003, you'll get an idea of why, it's all about context. I'm not saying facebook is going to emulate the growth of google's price (or apple) but people need to understand what generally happens with tech PEs.......
As for the mobile part, "mobile platform" does not have the same meaning for FB as Google since Google have actually designed Android, an OS (not to mention the Nexus). Facebook has to be able to incorporate ads into it's mobile offering...... Let's see, they have gone from basically nothing in Q1, to around $50m in Q2 to around $150m in Q3, that's not bad growth from my perspective.
Do not misunderstand me, I am not saying it is a conviction buy but if (I'm not saying whether I have or not as some of this is related to my professional life) you can get it at a decent price and then trade around it, you wind up ending up with a position which is about 30%-40% onside.
My main point was threefold though:
a) at 18 it was worth a punt
b) don't just blindly trust Barrons or anybody else, do your own homework and understand companies not technicals.
c) try and get into the mindset of what
is going to happen rather than what
should, these are 2 very different concepts that people misunderstand. Should refers generally to technical dogma, is generally refers to understanding sentiment..........
p.s i'm not saying buying facebook here.........
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