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Facebook (FB) is downgraded to Sell with price target of $16 at BTIG. Previously never that...

Facebook (FB) is downgraded to Sell with price target of $16 at BTIG. Previously never that enthusiastic about Facebook, BTIG is reportedly noting the collapse of payment revenues and questioning the effectiveness of mobile ads. Shares -2.6% premarket.
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Comments (4)
  • wallstjoe
    , contributor
    Comments (26) | Send Message
     
    $16 is still too high.........the earnings/share will be greatly reduced by year-end when all the lockups have expired and the float doubles.
    8 Oct 2012, 08:57 AM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    16, then 6 imo...
    8 Oct 2012, 09:04 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    All I hear about now is Twitter...hmmm
    8 Oct 2012, 09:41 AM Reply Like
  • Michael2343
    , contributor
    Comments (457) | Send Message
     
    Making money off of Facebook's decline seems to be one of the easiest trades I've ever had the inclination to try. Not only does the market hate this stock, the market is also about to enter a downtrend, and tech is in a bubble. Facebook is the tip of the fastest spear downwards.
    8 Oct 2012, 01:48 PM Reply Like
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