Boats steering away from FB back to sector i.e. ZNGA, GRPN etc..., still some resistance on Zynga though, along with professionals with their commendations to buy FB's alternative stocks.
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• Rob Enderle, a principal analyst at San Jose Calif.-based Enderle Group, said Facebook's earnings and revenue don't justify the high price of its stock.
"The insiders made a ton of cash, but the investors who are probably Facebook users lost a lot of money, and it's going to affect their impression of the company," he said. Enderle added that he targets a "conservative" price between $18 and $20 based on the company's earnings and risk.
JMHO.
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