Facebook Inc ( NASDAQ: FB ) stock touched a new all time low $19.72 and keep trading sub $20 levels. For those who have invested on the first day or there after, they have keep loosing their investment values. There was a lot of buzz that Facebook Inc stock might see a steep rise like a fall,but the reality is quite different as stock keep making new lows and toda it has touched an all time low and breaks below with a significant volume. We were recommending a Sell rating on Facebook since an announcement of an IPO and our reason behind this was quite reasonable if you see logically. Don't invest in Facebook stock because you have other value picks available.

The selling in Facebook stock is partly due to the end of lock up period for 270 million shares, that could hit the market over the period of nine months. Read More