Maybe but probably not.
FANG stocks are definitely overvalued and due for a correction. Netflix is on a PE of 165 and Facebook is on 36, probably way more than they are worth.
Already FB is down $44 which will bring the PE down to 28 ie $170/$6 earnings = 28. But still I think with greater regulation this is not nearly enough. I reckon reasonable PE for this company would have to be about 2o, so still has a way to go, maybe another $50. Once it gets to $120 I reckon it is probably a buy.
