Facebook Continues to Fall; Stock Breaks $22

Facebook is sitting at a new all-time low on Tuesday, below the $22.00 level. The stock has been falling throughout the session and was last down nearly 6% at $21.86. Over the last 5 trading sessions, the stock has lost more than 23% and is still in free-fall. The catalyst for the move lower was the company's first-ever earnings report which is stoking fears of slowing growth. Facebook went public in the biggest tech IPO since Google

at $38.00 per share. Needless to say, many investors have been burnt by the hyped-up deal. On Tuesday, UBS

disclosed large losses related to the IPO and blamed Nasdaq OMX

for the trading glitches which caused the bank to lose money. The good news for investors is that the cheaper Facebook gets, the better it looks as an investment -- for those that already haven't been burned in the name. Given the huge sell-off in the stock, FB's valuation could be starting to look attractive. Currently, the stock trades at a forward P/E of 34.16 and a PEG ratio of 1.70. Although this name is very frightening to step up and buy right now, if it falls to $20.00 it definitely might be worth a look for a trade.