lexipixel - 7:45 pm on Oct 24, 2012 (gmt 0)
It is a sad world on which we (the USA) hinge the value of stocks.
On the word of a known liar, thief and generally un-LIKE-able guy, (Mark Zuckerberg), the investing world has decided to buy and drive up the price of Facebook stock by +/-20% in one day.
What is driving the price? "Zuck" telling the world the company had an "unbelievable" turn-around in revenue from mobile ads, (seriously -- does anyone believe FB mobile ad sales shot up +30% in three months?).
Someone needs to look into who bought these ads, (my first thought is FB company insider shareholders are buying them in a ad-ponzi scheme).
If the investing community had complained that there weren't enough 3-Toed Sloths with FB accounts, I think the report would have been, "Signups and daily use by 3-Toed Sloths is up 30%"...
My advice: Take the profits and run --- the stock will nose-dive back under $20 next week.