Not this Monday or for the most part next week, smart shorts would have covered this morning. Wait until FB trades $95 before pulling the short finger...
So you feel the report means the economy is weaker than expected but think that a rate hike is needed? Doesn't make sense to me. I think the fed should raise rates when the economy warrants it, and right now it doesn't.
Sentiment: Strong Buy
150,000 new jobs,
1,000,000 fewer people have a job
good news for Common Core math: 150,000 minus 1,000,000 equals pat on the back
Jobs show economic strength. All I read in that report was US economy is weaker than expected even after lowering expectations. Media is trying to spin the report as not so bad when it really was. I still think a rate hike is needed and think today was more protecting the 16000 Dow level than rate related. Should have raised rate in Sept. They are only delaying the eventual market downturn by kicking the can down the road.
yeah, I've had my face handed to me trying to long/short FB into ER. i think either long/flat, or stay long going towards ER; none of that shorting overnight. because when the buy programs kick in, it ain't not isn't pretty ...at all.
I REPEAT: I'VE GOTTEN *REALLY CHOPPED UP* TRYING TO UP/DN FINNESSE TRADE FB GOING INTO EARNINGS.
i'm not so sure. FB may pull back a bit, but that would normal as the stock trades rangebound into earnings. but the jobs thing...overall i think that may be a non-event.
best wishes...happy trading!
woke up to positive futures and just KNEW i was trapped short. but since FB wasn't running, decided to wait for employment report. HA!! was able to slither my way out of short with a profit--then immediately got long at 88.73! [dodged a MAJOR bullet there...]
happy trading! long bias to ER!
Well I'm no Nostradamus, so I don't pretend to know for sure what's going to happen on Monday, but my view is that the jobs report reduced fears of a premature rate hike and this is why the market rallied once they got past the initial knee-jerk reaction of fear. So I maintain my view that we will get a 4th quarter rally in the market in general and Facebook in particular as it seems likely that any rate hike is now going to be pushed out to 2016. The economy may be growing slowly but it is still growing, and all of the Facebook specific news lately has been positive, a trend I expect to continue.
Sentiment: Strong Buy
Stocks will be down Monday. Mark this post. FB will follow market. This is not a post bashing FB.
If I'm wrong, I'll admit it but I don't think I'll be wrong. Stocks should be down today based on jobs report. The fact that the entire market rallied with no positive news leads me to believe there will be a reversal early next week. I'm picking Monday as the day.
I do not see the 92 area where the 20dma and 50dma are converging as being strong resistance any more.
I expect advertising revenue from mobile to far outpace expectations.
I therefore see next resistance at recent high of 96.49.
With earnings report being Nov 1, there is plenty of time to make it above 100 by then.
it will but not because people post it will be over that tomorrow or a few days more. this has nothing to do with fb ( which i love ) it has everything to do with the market. i've been doing this since 20 and have had great success. so when the pumpers and dumpers post i pay them no mind. the only one i like on this board is mio. but i'm not taking showers with him.