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Fastmandoo

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Fastmandoo

Re: KICK1 post# 4731

Tuesday, 05/22/2012 5:10:02 PM

Tuesday, May 22, 2012 5:10:02 PM

Post# of 49395
Facebook Overvalued Even After One of the Biggest IPO Busts Ever

Stocks were unable to extend yesterday's rally, basically ending flat. Facebook (FB - News), meanwhile, continues to flounder in what is turning out to be one of the biggest IPO busts in recent memory given all the hype. Even with the declines, we still think the stock is considerably overvalued. Overall, we're still expecting a choppy summer for stocks.

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