Total short shares outstanding is at 2.06%.
Obviously very little worry in the market FB will not perform as expected. Either that, or the smart short money knows the risk outways the reward.
Shorting the market is one thing, but shorting just FB is a fools bet. Thus a good reason the message board rarely sees a short stick around. If we do, its the little guy toying with a few options playing the poor man's game, waiting for the biggy. Isn't that right, Jimmmey.
The speculation side of the FB short story requires more guessing and must reach out to far into the future assuming how demographics will play a role in a potential FB failure. The evaluation story, at this stage of FB's potential growing power, only the inexpriened require an explanation. The cranky, mean loud mouth shorts, when in waves, want the quick buck. I will also point to a similiar bunch of one-liner longs this week that want instant gratification towards riches. Combine the two and you have a market.
Anyways, remove all that, what remains are the holders. We have heard it all shorts, ten times over. I must state one thing, that until this week, It has been a long time since I've seen such strength in this stock. The conditions coming into earnings, just after a 10% pullback are absolutely amazing.
RSI is up trending without showing overbought. Volume is average. MACD Lines have bullishly crossed over. New buyers trading with happy profit takers. So far MMs are surprisingly generous towards the heavy call interest, they may be the owners. Next week appears there is more generosity to come. A short would have to be blindly dependant on luck while hoping for more worldly catastrophies just to recover losses. What an aweful feeling that must be. There is no way that any short can be comfortable with their trade at this time. Keep the desperate posts coming, it only builds confidence for longs.
Stuck my toe in here on the premise that this is one of the stocks which the institutions/hedge funds would run up into the end of the year. Now, having seen Zuckerberg take an entire interview in Mandarin, I am convinced that the guy has the guts of a bandit. I flatter myself that I have some competency in French and German, yet when confronted by colloquial speakers, I often freeze. I am impressed by the fact that in the midst of managing a phenomenally successful company, he has the intellectual energy to tackle Mandarin and the courage to not reach for the life preserver of an interpreter. In for the duration.
FB is not a "momo" stock. Stop watching CNBC
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i think 100 is where the stock pauses for re evaluation
Why not have your cake and eat it too - FB and BABA. That's what I've been doing. For now, these are two big winners imho. I plan to sell a few losers to pick up some more BABA. Why part with a winner when it's just getting started. Christmas should be big for FB.
Apple is well on it's way to $1000.
I only truly "respect" those that I meet in person, but as far as PITY goes, that is an emotion I am largely unfamiliar with, and I certainly have no PITY for those who speculate either long OR short on equities. You are either correct, or you are not. There is no in between in the markets, it is merciless, there is always a winner and loser on every trade. Find a winner, a trend, and ride it until folks sour on it or until the company's management fails to execute... as far as the latter goes, AMZN comes to mind.
I understand perfectly. The expectation was for YHOO to only earn .31, and they beat handily. This implies that expectations may still be too low for FB as well, even as high as those expectations seem to be currently. The health of FB's industry is likely still robust since Yahoo sold more ads, albeit with far less pricing power. I rarely post here, but as a relatively new FB shareholder I now chime in from time to time, more about the day to week movements in the stock price. Why don't you share your take on FB ER/CC coming up... thanks
YELP, P, AMZN, GPRO are in no league with FB, not even close. When FB gets a $1000 price target then we can talk. By then I suspect the longs will be celebrating. Take a break, clear your head, and enjoy the weekend.
CAT was suposed to go down. YELP, P, AMAZ, NFLX, GPRO and many other all were supposed to hold and rise. Remember where they said Apple wasgoing to $1,000 along with Google.
I still say the stats show that the slow and stupid money is entering FB now while the prior longs are selling shares to them. That is what Acc/Dist reveals.
I am not angry at FB and I give them credit for what they are doing. But it is overdone (along with the other momo stocks) by investors buying this stock at a price where FB might be 5 years from now if everything goes perfectly. It has a long way to go before it deserves this valuation. Do you really believe FB will accomplish this?
You do not need multiple qtrs of bad numbers to tank a stock. This week has given you plently of examples of how richly valued companies get pounded when the thesis changes.