We haven’t looked at this stock in a while, but the stall well shy of the 62.36 target is not a healthy sign. Even so, DaBoyz have yet to let the hot air out of this gas-bag. Perhaps it’s because, like the rest of us, They can’t quite figure out whether a company with more than a billion subscribers is destined for greatness…or obsolescence. Facebook will be a speculative buy if it comes back down to the midpoint pivot at 52.96, but you’ll need to do so using camouflage, since it would be the second time buyers have attempted a touch-and-go-landing from that price. ______ UPDATE (January 20, 5:30 p.m. EST): The bad news is that young users are reportedly deserting Facebook by the millions, bound for social networks such as Instagram and Snapchat. The good news is that Facebook owns Instagram — and that older people are signing up for Facebook in droves. On balance, it’s hard to say what these new facts may hold for Facebook’s future.
