Facebook, FaceBerg, Fadebook Hits 21 The Hard Way … Down 53% From Its IPO-Day Highs

FaceBerg Hits 21 The Hard Way (ZeroHedge, July 31, 2012):

Was it only two months ago that Faceplant was heralded as bringing in the new era of well something… the public markets are a cruel friend it seems as FB just traded with a $21 handle for the first time – down a marvelous 53% from its IPO-day highs… Volume exploded once it crossed that barrier as we suspect Margin Stanley was aggressively defending its new line in the sand (how did that defense work at $38, $37, $35, and $30 – but maybe this time is different).

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