What has become clear to me is that when it comes to Facebook, there is now a "no in-between" policy -- either you like it or you hate it. It seems simple enough right?
Except it isn't. The company is one that is without peer and this reason alone has been enough to offend a lot of people. From an investment perspective, one must not ignore that 900 million people is 900 million people - that is almost 15% of the world's population. It is only a matter of time before it figures things out.
The stock was a considerable risk at $38, however not so much now. Unless one considers that it is going to $0.00 what exactly is the risk at current levels? Is there much of a difference between buying now and waiting possibly for a lower price -- under $20 perhaps?
But to answer that question, one has to be willing to say with great certainty that the stock will be below current levels two-to-four years from now. Those quick to say that is the case, to them I say, get over your bitterness.
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.