The Real Reason FB Shares can’t find a Bottom
There is no institutional trust. FB is not the stock you will find in any company mutual funds, retirement funds, equity funds, etc. Retail investors were seduced into the stock and are now placing market sell orders in screaming fashion. Retail investors have shaky hands and as you know – selling begets more selling as the panic continues. Look at LinkedIn, which as 52% institutional ownership. Despite their earnings still being abysmal (they can’t get the P/E out of triple digits), the stock can hold its ground because most shareholders are in it for the long haul.