FB - more shares to sell, leading to lower prices

Facebook (FB) continues to decline. Its highly amusing how so many analysts on clown networks these past few weks have tended to entirely dismiss the shares that were due to be unlocked and are now allowed to be dumped.


FB, daily

Summary

Today's decline broke what was a very obvious bear flag. First target is probably somewhere in the 15s.

Were the market to 'somehow' collapse later this year to the sp'1100s, FB would very likely fall into single digits. Even if the market can continue to melt up to the sp'1500s (a sickly thought)..it'd still seem likely that the FB will struggle to hold above the mid teens.

Fair value remains $4, not that I would be a buyer at anything above $1.25