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After closing with a sub-1% loss yesterday in response to its Q4 report, Facebook (FB -2.7%) is...

After closing with a sub-1% loss yesterday in response to its Q4 report, Facebook (FB -2.7%) is seeing a bigger decline today. The company's aggressive 2013 spending plans have already led the 2013 EPS consensus to fall to $0.58 from $0.66, and the 2014 consensus to $0.80 from $0.86. That leaves shares trading at 52x 2013E EPS, and 38x 2014E EPS, even as growth concerns persist.
Comments (8)
  • Today's decline is yet another opportunity for big profits. Shorted yesterday at $31.40, so waiting to cover at $29.50 and then, go long again.
    1 Feb 2013, 05:31 PM Reply Like
  • I admire your pluck, ben, but that's quite a risk for very little return; surely there are better stocks to play with?
    2 Feb 2013, 09:10 AM Reply Like
  • I'll take the other side of that trade...


    Long 80,000
    4 Feb 2013, 10:26 AM Reply Like
  • Sorry, gwynfryn, rude of me not to respond to your reply. Somehow, I missed your post. Anyway, I didn't cover everything until it went to $26 and now, I'm sitting on the sidelines playing with other stocks. BTW, my trades have sufficient volume to make a tidy profit with as little as 30cts price movement but I usually wait for at least 50cts before doing anything and I'll wait longer to cover (or vice-versa) if I don't see sufficient support or movement to make a decision. Have a great week. Happy Easter!!
    9 Apr 2013, 09:16 PM Reply Like
  • No problem ben; that's the way to do it all right, small profits at regular intervals. The guys who hang on in hope of the big win, are doing themselves no favours...


    I'm looking forward to when I have such volume (it'll come) but to start, I'll need 2% + just to cover my broker's fee.
    10 Apr 2013, 07:37 AM Reply Like
  • Seriously, gwyn.... I pay only 0.5cts per share (instead of that crooked $7 per share) or a minimum of $1 for brokerage fees. If you can contact me through my Inbox, I can provide details for your consideration. I'm sure you can play with at least 100 shares and make some quick cash every week.
    10 Apr 2013, 12:36 PM Reply Like
  • Sorry ben but I don't have a picture either (but you could use and being non resident in the USA, I probable wouldn't get the same rates. Over here they usually charge a variable (according to how frequently one trades) minimum rate per trade, and the one I'm going for is pretty reasonable, so I expect to do well enough in the long run, even if it'll be a slow start.
    11 Apr 2013, 08:47 AM Reply Like
  • it's up to you, gwyn...let me know if you change your mind. Just contact me through my Inbox on SA. You don't need a picture for contact, only required to publish articles.
    11 Apr 2013, 12:32 PM Reply Like
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