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Finally Time to Buy Facebook?

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  • Description

    Investment advisor Gil Morales discusses why he is purchasing shares of the social-networking website.

  • Duration 3:37
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The latest data from comScore shows that Facebook's user growth rate in the US is slowing -- -- They -- the company from Los Angeles is -- Morales sees with the virtue of selfish investing dot com.

Now -- we don't -- -- you about the price of gold and precious metals but we understand that you were a buyout of Facebook's talked last week.

Many people came on that program said he wouldn't touch it with a ten foot pole but you were -- -- explain yourself.

Well first I use a fifteen foot pole I should say but I am -- to -- down here and one of the things about face that they things -- -- as a phenomenon.

Is that if the stock is gone from over -- over hated citing market technicians need to develop a special indicator for FaceBook.

And over hated over over a -- indicator and I think right now.

FaceBook is over hated and look at the numbers came out over the -- -- the comScore numbers of 5% growth but let's keep in mind.

The stock is actually up a -- census more so it's not selling off on that news keep in -- they -- 71% of all Internet users they have an answer subscriber base.

Going forward is really going to be the key in terms of how they're able to monetize and I still think that's an open question with a lot of potential for the company.

Also about a week or so ago apple CEO Tim Cook.

-- -- -- that apple and FaceBook may be getting together on some projects.

He wasn't specific about anything but -- watch to see what happens today at the world like developers conference for apple and see if there's any announcement in that regard.

But I do think the futures ahead -- face that and it is a very effective way to advertise I found that to -- the -- with my own business I just picked up on this because I was -- view as a kind of hard money guy.

You're into the gold you have to silly little -- but you know -- I thought you were up because you know when Europe prints money or America prints money I don't goes often -- that buying -- could -- -- because there's a trend I by trends are so you're not interest in hard money soft money type them you know and cat.

You just thought there was an effort strands exactly I don't there's any good sentence in a fatal results from the around 2627.

Dollars and shot -- -- I think that's a -- -- -- you can go back and you can look at say for example eBay became public in September of 1998.

And would would be I think is split adjusted price of two dollars a share back then and immediately went down two dollars and got cut 50% -- half there.

Herds are have been cut in half rather wouldn't that be returned -- -- -- had a rough but the stock turned around.

And then turn around and it we -- after eleven days and turned around and made new highs very quickly.

And I think you better watch out here with -- if you're trying to -- yet right now a got about 10% of the flows being sold short.

Everybody I talked to wants to short the stock when I come on buying it they think I'm -- that's the sort of thing I like to hear -- Tell me about gold that that's your traditional subject on this program.

Fifth just -- -- to disclose.

You're right I never bought gold until 2000 I'm not a gone now and he's nine year old guys who bought gold in 1980 -- -- sitting on it since then I -- the trend started in 2000.

Now I think gold is just and a consolidation as I told you think a week or so -- I'm a buyer off the lows around fifteen point six down at 15100.

A physical gold because I do believe you need to have some hedge against Fiat currencies going forward I do think at some point you'll see inflation.

But right now you don't really have a lot of Q leave it to those Spanish deal it's not really that big.

And Bernanke was out last Thursday telling everybody that there's no QE3 at least and it.

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