Tuesday, May 29, 2012

Stock Alert - FB -5.6%, ZNGA -3.9%. SVVC -1.6%. GSVC -2.3%- 5/29/12

In spite of today's rally, Facebook (FB -5.6%) is falling to new post-IPO lows in early trading, and is once more taking related names down with it. ZNGA -3.9%. SVVC -1.6%. GSVC -2.3%. Investor unease with Facebook's reported plans to become a smartphone vendor could be playing a role, but the company's still-high valuation is a more likely culprit

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