Just checing the charts and it looks like FB re-rated from its IPO slump around June/July, which was when they first demonstrated their ability to monetise mobile.
Is it a coincidence that MBE, a mobile company, also started its re-rating at the same time?\
MBE has pretty much followed the ups and downs of FB's SP, though with slightly more volatility % wise.
No wonder the SP has held so well. hardly any selling volume as the buyers stepped back to see how the markets would react.
It could be a very good catalyst.
Earnings momentum + industry momentum.
MBE Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
