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Did Zuckerberg Just Turn Around Facebook Shares?

Tuesday, 11 Sep 2012 | 6:20 PM ET

Although shares surged 3% in extended trade, did Mark Zuckerberg really say anything on Tuesday that should make you feel bullish on Facebook ?

Following are insights from the Fast Money traders

Trader Simon Baker remains bearish. “I certainly wouldn't buy this stock tomorrow,” says the founder, Baker Avenue Asset Management. “It’s still an expensive stock – it trades at 30 times next year earnings. In fact, I’d sell the pop.”

Zuckerberg's Comments At TechCrunch Effective?
Facebook CEO Mark Zuckerberg just spoke at the TechCrunch Disrupt conference, and Henry Blodget, Business Insider, and the Fast Money traders discuss what investors can take away from his comments.

Trader Karen Finerman is also skeptical. Responding to Zuckerberg’s comments about the Facebook mobile strategy she says, “unless you think Zuckerberg can monetize mobile and no one else can – I would prefer to be in a stock that trades at a lower valuation,” says the president of Metropolitan Capital.

Trader Steve Grasso became incrementally more bullish. “Mark Zuckerberg usually comes across as socially awkward,” says the Director of Institutional Sales Trading at Stuart Frankel. “But not this time. And on the Street perception is reality.”

Trader Mike Murphy got very bullish. “I’m long and would add to my position looking for a continued bounce,” says the founder and managing partner at Rosecliff Capital. “Zuckerberg’s comments were way better than I anticipated. I believe that anybody who was short will need to cover.”

Posted by CNBC's Lee Brodie

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Trader disclosure: On September 11, 2012 , the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Karen Finerman is long AAPL; Karen Finerman is long BAC and long call spreads; Karen Finerman is long JPM; Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is long MSFT; Karen Finerman is long GOOG; Karen Finerman is long JCP and long puts; Karen Finerman is long UNG; Karen Finerman is long SPY; Karen Finerman is long RWM; Karen Finerman is long MPY; Simon Baker is long AAPL; Simon Baker is long GS; Simon Baker is long MS; Simon Baker is long GLD; Simon Baker is long AMZN; Simon Baker is long GOOG; Simon Baker is long YELP; Simon Baker is long P; Simon Baker is long WLT; Mike Murphy is long WFC; Mike Murphy is long TGT; Mike Murphy is long calls on FB; Mike Murphy is long HOV; Mike Murphy is long S; Mike Murphy is long CSX; Mike Murphy is long V; Mike Murphy is short AXP; Mike Murphy is short JCP

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