I am getting tired of going after Facebook (FB), but I continue to maintain that Facebook is one of the best longer-term short opportunities in the market. I have outlined it here. Why Short Sellers Should Drool All Over Facebook

Zuckerberg to Wall Street: Be Patient, Big Things Take Time

“What we decided was that over the long term, the ads and monetization would perform better if there was an organic interaction between people using the product and businesses,” Zuckerberg said.

I had a good chuckle over that one. I guess Facebook deserves more time, but not when their P/E is at 95 or when their market cap is higher than GE’s. At that price they are nothing more than an incredibly overpriced pure speculation.

The primary thing investors must understand here is that Facebook is already feeding them promises. Maybe Instagram will reach 6 Billion users, maybe Oculus will change the way we live, maybe Facebook will grow at 20% per annum over the next 20-30 years in order to justify their current valuation. Or, maybe it will go the way of MySpace.

Point being, don’t buy the hype if you value your money. Instead, consider profiting on the short side.