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Facebook, Inc. (FB) Message Board

  • you_hate_me_dont_cha you_hate_me_dont_cha Nov 23, 2012 4:57 AM Flag

    U newbie traders r silly, FB easily to $29

    All this talk about FB overvalued or technical set up or other blah blah blah. This is a simple trade. FB was being valued above $28 due to its potential in mobile. It IPOed had a bad CC that mobile wasn't good, so they tanked it to $20. Next QTR FB mobile good, now its ready to move back to that old trading range above $28. Problem was the pending lockup. Thats over, so off to $29 we go into Jan earnings. I'll be here until that time riding from $19 to $29 and booking majority of my trade before earnings.

    Simple trade really. Can't get better setups.

 
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