Thursday September 29, 2016
The Guardian on Global Warming - what is its aversion to the truth?
Clinton Trump Debate - I admit it: Hillary won but Trump can still win the Election
My neighbour the fat welfare slob Nimo Abdullahi, the lies and the contempt for those of us who do work that the left shows

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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Facebook Target Stock Price still $7.30 but risks now on downside

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- Tom Winnifrith

I wrote here on June 5th that my target stock price for Nasdaq darling (and overhyped IPO of the year) Facebook (FB) was $7.30 a share. Results yesterday saw the share price slide again and they are now $26.84 down from a $38 IPO just a couple of months ago. At the time ex-penny share tipster Luke Heron set a $50 target price. That was a good a sell signal as you would normally get. But on this occasion the fundamentals were an even bigger sell. If anything yesterday’s results make me think my target price may be a tad optimistic. This remains a great one way bet.

The headline loss of $157 million is irrelevant.

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