Be careful WHICH reptiles you invest in. Was in that for over 20 years. LOTS of land mines to watch for.
Two analysts were discussing the nature of why some stocks take off when stocks with better numbers idle away. The stock arena was compared to AMZN. Why AMZN with numbers such as that? The answer was that AMZN projects a "comfort zone" because it keeps doing what it does, profit or not. Here's the beauty part: FB likes to trail along that particular stock. So, wishful thinking, some of that good zone stuff is bound to rub FB longs the right way.
keep believin' it. markets can be irrational on the upside and downside as has been proven time and again. when the market crashes, it will hit you when you least expect it. china is a recent example. just watch out.
Really you are surprize. Well I have been listening to your kind of stupid since the 20 range. I also own Google as an IPO and the same thing there. Clueless people!!
Sentiment: Strong Buy
If a better growth stock came along, hopefully a person could recognize it, not likely. Dumping all of this cost basis though would take a major epiphany.
went down. Profitability went down. on a year-over-year basis, although the company saw earnings per share increase from $0.43 to $0.50 (a 16.3% increase) on a non-GAAP basis, on a GAAP basis Facebook actually saw its earnings per share decline from $0.30 a year ago to $0.25 in the most recent quarter. Stock based employee compensation jumped to 19%, R&D expenses really jumped. Earnings for extra dollar revenue went down. CFO says next 2 Qs are dead. Revenue growth is coming down from 42% to 37%. What happens if we have a RECESSION in next 6 months? Revenue might be FLAT at best. I would not be a buyer and would be at 60-70 range.
Sentiment: Strong Sell
XXX, low $80s could happen. Hard to say. Some of that swift move to the bottom could be attributed to wider moves overall, etc.. That's what I'm going with until a break is official. If it had to bounce off the SMA 200, personally, I would still be better off holding, so am willing to go with that plan. GL!
I've been reading that FB was "overpriced" since I bought it at $28, and it was going to drop
back $10 or so at $30, $40, $50 and all the way to the $90's.
I remember an article a year or so ago about Google. It was titled, "Google, Google, Gone".
Simply, the sky ain't falling and there is no bubble.
Will there be corrections of 5% to 10%? Maybe, but not now. If you are short, good luck.
on paper in a bull market. fb is overbloated at 270b valuation. when the market reverses, FANG and other overbloated stocks like tsla, shak, etc. will crash first in a very short time since they went up too far too fast with analysts doing the same dance they did back before the tech bubble, giving unreasonable price targets.
Bareft5, After last quarter earnings Fb tested the 200 day moving average. I expect the same thing to happen here. It's in the low $80's today, that will be some drop. The selling after this quarters earnings has been much greater than last quarter. Expect a swift move down. Good Luck, XXX
Sentiment: Strong Sell
Artbyxxx, FB seems to be morphing into a different kind of trading animal. With wider whipsaws, good as they are, margin trading could be jeopardized more easily. The long term trend has not been destroyed, and the level might make a nice buy imho. Real time indicators were a screaming sell the last few days, maybe because of indicator choices, wider trading range or something else. The sell was protective, not total. And the magnetic field of milestones still has a hold on some owners, if not the stock itself.