Jim Cramer's Best Blogs
Feb 02, 2013 | 11:14 AM EST
For Facebook, It's All in the Eye of the Beholder Posted at 11:41 a.m. EST on Thursday, Jan. 31 Facebook's (FB - Get Report) great. Facebook's horrible. Facebook's cheap. Facebook's expensive. Facebook's growing like a weed. Facebook's growth is already slowing. Which is true? How could there really be such extremes in sentiment here? Believe me when I say I am only hearing extremes, as there seems to be no middle ground at all with this stock. The answer? It's all in the eye of the beholder. People are seeing what they want to see in Facebook. Let me give you the bear case, which puts you in the head of the sellers. Then I'll give you the bull case, which allows you to understand it from the perspective of the buyers. It's the only way, frankly, to explain the stock's wild ping-pong game: First it'll hang in, even after a huge rally, then it'll give up the ghost before it settles in where it was a fortnight ago -- before the big price spike.
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