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Re: None

Monday, 06/02/2014 5:11:53 PM

Monday, June 02, 2014 5:11:53 PM

Post# of 194796
Let's see what's around the corner for the FITX pps this week. This one loves to bounce between 5-6 cents to 9-10 and then back again to complete the same cycle.

The last rapid sell-off was a little deeper though and I think you can attribute that to Bill's announcement that general FB communication would cease and also fear about a continued SEC rampage.

No matter how much you want to tie the volatility to the dangers of a SEC halt, if this fails to return to the 8 cent level this month, that's a pretty good indication that social media hype was primarily responsible for the price inflation. In that event, those who are justifying the high valuation on this stock as something reasonable will really have to start thinking twice.

But that's assuming that the social media interaction is truly swapped for more professional releases long term. If Bill starts having parties on FB again you'll probably see more bandwagon investors gladly go on a buying frenzy back to 10 cents.