The Market Makers make their money on commissions on trade. If no one sells, then they lower the price to stimulate shorts and trigger selling of stop losses and buyers who may want to buy low. They keep moving the prices in the absence of news to maintain their commissions which is related directly to the number of buys/sells.
It's down because there is no longer an excess of buyers. People already bought the good earnings report.
Idiot! Do you expect it to go up every day? I've seen nonsense like this on the FB board
ever since I bought at $28. $28 to 56, 66, 76 (or today's 74) is pretty good ...
Simply some large holders trimming profits from the powerful run.
As this settles out over the next few days, we will rise again!
FB is old news. They had great earnings last week. Joe Retail bought it from smart money at 76. Now the smart money is busy selling TSLA CMG SCTY and LOCO to Joe Retail. There are fewer buyers for FB now, because everybody that would ever buy it got in on the earnings party. The smart money won't buy it until it drops back to a bargain level where they can repeat the process.
Joe Retail fleeces himself. Wall Street just helps by providing him access to the market.
Like ej I was hoping it was a bug to be fixed. But if so competence would have to be questioned. If not who is in charge of quality control. I think you are right ruprecht - they just don't care. Not sure much can be done if that is correct.
but I can't think of one. Will hit mean target price of"$85.92" before Q3 and then on to long term target price of $100.00 before year's end.
Sentiment: Strong Buy
I feel confident TWTR will tank...I have a solid long position with FB and several Jan 2015 calls deep in the money. So my play will be stay long on FB and do my protective puts on TWTR just before close today. If TWTR rockets, so will FB, and all is well. If TWTR tanks, I'll do great on puts, and FB won't tank (as a %) nearly as bad. So I'm with you!