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Facebook, Inc. (FB) Message Board

  • g8fredmeyer g8fredmeyer Jan 29, 2013 11:10 AM Flag

    This Looks Just like NFLX before #s

    Look at both graphs .#s reported , then Gap Up.

    Sentiment: Strong Buy

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    • I think this is just a little bit of a correction but the charts do not look the same. NFLX ran in a channel from late December to their earnings. The top range was 100 and the bottom range was 90 it converged and formed a pendant and it broke the low trigger earnings day. Had it not reported only average, NFLX would have probably went up just a little more. FB has been kind of flat since their graph search announcement but the charts are not the same. Also expectations for NFLX were very low. The expectations for FB are very high.

      NFLX beat their earnings by .19. That is the reason for the gap. There was a coil and there was a catalyst for NFLX.

      If you look at the volume for FB, there is no pressure in the small coils. Volume has been very low. This is not indicative of FB performing poorly but this is not anywhere near the same as NFLX. This type of gap wont happen with FB especially with high expectations.

      All a person can say is if FB impresses they will go up. You cant expect a 50% to 60% gap especially on a 70 billion cap stock. A reasonable person would probably expect a couple of bucks amd that is if FB beats not consensus but the markets expectations.

 
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