Facebook Has Legs

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The laughingstock of IPO-land from last year looks like it's shaping up to be a winner for the bulls. Volume is strengthening, and the IPO is becoming a distant memory. It still has a long way to go before all buyers are safely in the green, but let's face it, Facebook is a virtual monopoly in the world of social networking, and it's got a very strong management team. As long as it stays above 25.14, the stock is on a constructive path higher.