FB, daily
Summary
Suffice to say, I remain no fan of the FB. It remains shrouded in media hysteria and trades in a market that continues to completely mis-price it.
If the market does see some degree of multi-week down cycle across April/May, then my primary target would be the 20/18 support zone.
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Clearly, FB is not going out of business any time soon, it does a have huge user/client base, but the advertising revenue business model is entirely unreliable..and lets be clear...
FB is a website...and sooner or later..someone - whether European, American, or Asian, is going to come up with a superior version of an online social network..and FB will then likely be toast...
...just like Geocities, and Myspace.
