I bought 500 shares at the bottom. Then wrote covered calls on each 10% move up, which called away my position. The reason I was conservative was this, I HAVE NO IDEA HOW TO ACCURTELY CALCULATE MARKET CAP SINCE WE DONT KNOW HOW MANY SHARES TO ADD TO THE 2.4b stated on last earnings release due to lockup expiry. I bought 100 shares at $26.50 and plan on just going longtrrm long with them.
All the money now is LONG money. Get real folks.
Unless there's an earnings miss, FB has seen the $18, $24, $27 bottoms for good most likely.
Everyone knows the real run is now that we're out of the lockups and the fiscal cliff stupidity.
FB is THE most desirable speculative play in history now.
All they have to do is even mention search, dating, gaming, or ecommerce and they will explode.
We are now in the run up that may only stop briefly at the IPO price.
Shorting now is very very dangerous.
Look what LNKD did last year at this point.
Fantastic. These stupid things always, always, always end in tears for the little people. I've seen it a thousand times over and over again. One day perhaps I will hard faced and cynical enough to make money out of the desperate. Please help yourselves. Look at the fundamentals. Its all hope and fantasy. $29...$30....$40...$100 Oh fantastic life! Its never that easy. They have got you exactly where they want you..