Yesterday, we conducted an online poll of Bespoke readers to ask them at what price they would buy shares of Facebook (FB). While the results are clearly unscientific, they do give us a good read on where sentiment towards the stock currently stands.
Since we put up the poll, more than 800 of you have voted and the results don't look good for Facebook. As shown in the chart below, more than 76% of readers said that shares of FB would have to fall to 25 or less before they become interested, and less than 10% of readers would buy the stock at a price of 30 or more. Yikes! We can't remember a time where sentiment towards a specific stock reversed so dramatically over such a short period of time.