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Tuesday, September 11, 2012

Zuckerberg interview... watch it

Anyone interested in Facebook, or owns the stock, needs to watch his "fireside chat" with Arlington

My take aways:

1. Facebook is more than serious about mobile, and they (or Zuckerberg) get it.

2. Products focused on monetization will be released over the next 6-9months.

3. They are working on the equivalent of Google+. (I specifically say Google+ because social will never encompass all of search. So anyone poo-pooing Google over this is making a mistake.) 

From the chart-side of things, the stock was firming up intra-day. After hours action confirms the bottoming.

Ultimately I am looking for FB to head towards 23-24. But I now be actively looking to increase my position on points of consolidation.

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