Basically even if Jesus came ad told you FBis a buy you'd still be skeptical.

At its current level of profitability, it will take Facebook Inc. until mid-2013 at the earliest to earn enough operating income just to offset its annual stock-compensation costs.

An analysis of the company’s latest securities filing reveals that unless Facebook (US:FB) significantly improves its operating margin, these costs — which totaled $2.3 billion as of Sept. 30 — will be enough to prevent the social network from earning a bottom-line profit for at least two more quarters.

That in turn will make its shares less attractive during that time to fund managers and other professional stock buyers who look for value as well as growth when choosing stocks.

At the root of the problem for Facebook common stockholders is the massive share count. The company has about twice the number of shares outstanding as either Apple Inc. (US:AAPL) or International Business Machines Corp. (US:IBM), even though those companies went public decades ago. Facebook also has more than six times the number of shares outstanding as Google Inc. (US:GOOG), which went public in 2004.

FB is up 5% for the day and not a whimper from the naysayers. Its up over 25% in 3 months, in investing there is something called epsilon, you have to know when to shut off that red devil. Think about it, why is it holding strong yet insiders have sold off huge chunks. Epsilon!!