patrick.net

Yeah, talk about confusing. The Dow is down by more than 100 points, and most of the market is red today. One theory is that the market already priced-in the lock-up expiration, possibly over-reacting on the downside, and it is now normalizing to where it should be. I find a 12% rally with 3-4x average trading volumes and a flood of new shares a little odd, but who knows. It LOOKS like a pump-and-dump, but we'll have to wait & see if someone was actually pumping it. Given that the company's GAAP numbers went from net income in Q3 2011 to a net loss in Q3 2012, and that the market responded to this with another rally, there is still way too much hype around the stock and too many large players involved in keeping it super volatile.

If you want quick money, go to Vegas. If you want a solid long-term investment, there are dozens of other established stocks that make more sense. This one still has too much hype around it and too much attention from speculators. You will only make money on it if you are an insider.

I would avoid FB stock.