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Is Facebook Stock a ‘Buy’ After Lock-Up?: Pros

As the lockup period expires for more than 800 million Facebook insider shares, the stock could finally be a "buy," Dan Nathan of RiskReversal.com said Tuesday on CNBC.

With its share price down $25 from better-than-expected quarterly earnings, Facebook will most likely see a pop, Nathan said on "Fast Money."

"To me, I think that the selling you see tomorrow is most likely a 'buy,' more from a technical set-up, just because of all this pressure that they've had, the overhang," he said. "But on a fundamental basis, you have to give this company a couple more quarters."

Facebook shares closed at $19.86 a day before the lockup expiration, which releases insiders from selling their stock. Approximately 804 million shares will be eligible to be sold.

Stuart Frankel's Steve Grasso was also bullish.

(Read More: Best Places to Invest in Technology Now: Pros)

"It's definitely a buy," he said, noting that the cost of borrowing the stock has decreased along with shorts.

"It's sort of a telegraphed punch at this point, not based on fundamentals," Grasso added. "It's a technical set-up, just for a little bit of a bounce. I'd buy the weakness."

Trader disclosure: On Nov. 13, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Brian Kelly is long EWT; Brian Kelly is long SMH; Brian Kelly is long JJG; Brian Kelly is short EEM; Brian Kelly is short IYT; Steve Grasso is long ACI ; Steve Grasso is long AET; Steve Grasso is long ASTM; Steve Grasso is long AUO; Steve Grasso is long BA; Steve Grasso is long BTU; Steve Grasso is long CLF; Steve Grasso is long F; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long P; Steve Grasso is long NVIV; Steve Grasso is long PFE; Steve Grasso is long S; Steve Grasso is long WYNN; Dan Nathan is long NOV/DEC 16 PUT SPREAD; Dan Nathan is long YHOO JAN/DEC 17.5/18 CALL SPREAD; Dan Nathan is long FB NOV 22/24 CALL SPREAD; Dan Nathan is long MSFT JAN 26/24 1X2 PUT SPREAD; Dan Nathan is long HD JAN 62.5/55 PUT SPREAD; Tim Seymour is long INTC; Tim Seymour is long TROX.

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