It's always hard with tech companies because it's difficult to judge whether or not they're being priced fairly. So much of their value is based on the income i

It's always hard with tech companies because it's difficult to judge whether or not they're being priced fairly. So much of their value is based on the income in the future and their projected growth rate. I think at this point, its more important to decide whether or not there's a bubble here in the tech industry. With Groupon's lackluster results, Netflix getting killed, Pandora's volatility, I'd be a bit wary. If things do go wrong and the bubble busts, it'll be a long time until you can make a profit with facebook stock. Also, the Greek debt crisis is another factor to think about. It seems like they have come to an 'agreement', sort of, as of right now. But things are still very much uncertain. Analysts are expecting things to smooth out, which is reflected in the prices, but if they don't, the world economy will tank. When it does, money will flock to the defensive stocks (consumer staples, healthcare, utilities), and money will funnel out of the cyclical ones (tech, heavy equipment, etc)