or better yet,why is it over 20?
Technical resistence at 24.... No News from CEO... and MMs make this stock too easy to trade. has hit 19 three times!
It is a big setup. Moved it up against the lockup expiration in preparation of a short, knowing the lockup stockholders would pile onto a negative move.
Double top in the P&F. Any close below $23 is begging to test the 50% retrace to $21.49 and more likely the $20 mark. If $20 breaks.... whoa nelly. $15 is not unreasonable given the calandar will push longs to the exit for the tax benefit.
FB VP SOLD all his shares on last Friday...
Sentiment: Strong Sell
BECAUSE THE SHORTERS ARE ANGRY
or insiders selling?