Chitracapital: FaceBook (FB) - Our suggestion on IPO? where we are now?

Wednesday, August 1, 2012

FaceBook (FB) - Our suggestion on IPO? where we are now?

We suggested not to buy FaceBook IPO at $44 on the opening day. Our target was $14. But some of you bought it. Also I got couple of hate emails and on my Facebook page regarding our suggestion.

Let us do a reality check today :- FaceBook (FB) is at $20.90 down from $44.00. We think it will go to $14 as suggested on the IPO day. It can comeback to $20 and then again $4-$8 range in the next 12 months.. yes $4 you heard it. Remember the lockup period and additional 250 million insider selling on Aug 12 2012.

Your comments are welcome.. we value your opinion.
Venkatesh K

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