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Facebook still has some way to go...down that is.

Tue, 29 May 2012 20:33:42 GMT

FB closed around $29 today, but probably has some way to go according to Mark Hulbert.  Hulbert bases his analysis on a study coauthored by my dissertation adviser, Jay Ritter, who is an expert on all things IPO.  The conclusion of the analysis:  Something around $13 would be more reasonable.   Ouch. HT: Reformed Broker. On a separate note, Felix argues that the FB debacle should be of concern to all of us. And finally, perhaps we should short...

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