Well, very easy pattern called be bearish reversal shooting star detected. This means tomorrow is a down day for FB. However a big confirmation is if FB closes below close of today, then back below $80
It's hard to explain Facebook, Whats App, Instragram etc ... that's why we are posed to make so much money ... Like so many others who missed it, Cuban doesn't get this market run. If he were starting out now, he would starve.
a distinction which does not lead to a difference - if PE and VC are paying too much that will be reflected when these companies come public. Asset inflation is how we got here via QE and you think that has not led to a miss-allocation of funds via chasing yield and return. Get a clue.
Shorts and profit-takers made it difficult for FB to close green today. Fridays are slow news days, so both will be trying to bring FB below 80.
Looking at a low of about 70.95 or so.
what's your call on the low of the day tomorrow--(as i am holding short)? PLUS, beware of the "crazy ivan." sometimes FB just breaks character and tradition and pulls a real stunt.
this trade here is "passive;" been working on taxes and whatnots. darn near a coin toss at this point [as the title of this thread suggest]. (and i'm not even a big gambler. must admit though, i'm just playing with this one.)
So your certain it could go either way tomorrow.....well so am I......lol.
Nah...I like the enthusiasm. Fridays are normally low volume days, unfortunately that favors the shorts. We close tomorrow at around 80.25.