by Jack Lee
It was down in the pre-market and when the regular session opened it plummeted 4 dollars a share, just like it did on Friday.
Face Book (symbol FB) is currently trading around $33 and change, but if you think that is a bargain, you better think again. Comparitive stocks trade with a price to sales (P/S) around 17, FB started out with the IPO price of $38, 100 times actual sales. My belief was FB should have been priced at around $25 a share at the most optimistic level. Well, at this rate it soon shall be, oh and today was an up day for the market…just think what a down would look like!