FB: Facebook: Buy The Rumor, Sell The News?

Facebook: Buy The Rumor, Sell The News?
by Bill Maurer

Facebook (FB) shares have rocketed higher in recent months. As I described in my most recent Facebook article, it was all due to the promise of mobile. Facebook shares were hit hard because investors and analysts were confused about the company's mobile strategy, which is bound to be the lifeblood of the company going forward. But as Facebook has worked on its mobile strategy, now everyone thinks Facebook gets it. Shares of the company rallied from $19 to over $32 just a couple of days ago. Shares continued higher in the past week or so, as Facebook was gearing up for a special event on Tuesday, the 15th. read more »

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