It's certainly too early to call a bottom, but shares of Facebook rallied today -- jumping more than five percent to close just above $21 a share. It was the first up day since July 24th.
Today's action might bring relief, even hope, for pretty much anyone who bought the stock since it went public on May 18. After all, the shares are still off more than 44 percent from their offering price.
Moreover, it's not like Facebook rose on any news specific to Facebook. The stock rose along with the broader marke rally, ignited by a … Read more