George Liu's  Instablog

George Liu
Send Message
I am the Chief Financial/Economics Columnist of The Daily Political Review, a Monitored Contributor for FOREXPROS, a Seeking Alpha Certified Contributor, as well as a paid blogger for The Motley Fool Blog Network. I also currently serve on the Board of Directors for Ureka Co. Currently, I am... More
My company:
Ureka Rechargeable Battery Case
My blog:
Motley Fool Blog Network
  • A Stock Plummeting Despite Positive Analyst Reviews? 0 comments
    May 29, 2012 2:56 PM | about stocks: FB

    That's Facebook (NASDAQ:FB) today. As of this writing Facebook is down 8.96% to $29.05, having breached the $30 barrier. There are several reasons why it's down: according to The Wall Street Journal, the company's debut on the options market and the buzz surrounding its potential Opera acquisition are the likely culprits. Yet, interestingly, the article doesn't mention anything about the Facebook phone and the overwhelming negative response it has received in the investing community. The commotion over the Facebook phone picked up significantly this weekend as the New York Times ran an article on Facebook's smartphone ambitions, and Business Insider ran an article on how "investors should run away screaming" if Facebook develops its own phone.

    Today was actually a good day for Facebook in terms of analyst reviews. Two analysts, Wedbush Securities's Michael Pachter and CLSA Asia-Pacific Markets's James Lee, both initiated coverage of Facebook today with Buy ratings and $44 and $40 price targets, respectively.

    Stocks: FB
Back To George Liu's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • $WAC down nearly 20% on EPS of $0.64 compared to analyst estimate of $0.67. Really?
    Mar 19, 2013
  • Why did FMER plunge 11.3% today on news of CRBC acquisition? In my opinion a pretty good deal.
    Sep 13, 2012
  • LULU cools down a little after soaring 13% on Friday on strong $0.39 EPS versus analyst estimates of $0.31
    Sep 10, 2012
More »

Latest Comments

Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.