I tend to think that there is a dip after the morning head fake and then there is a rise to around $33.00 towards the end of the day. It should be in the mid to high 31's in the morn and hit the mid 30's at the lows. That is just a guess and I have been wrong many times before and that is why I don't momo trade anymore.
There will be plenty of buyers frothing at the mouths right before earnings are announced.
Then it is all up to FB and how they report.....I can't say anything after earnings......Its all a guess.
Im new to FB, bought 1000 shares yesterday. My question is, if FB does "decent" tomorrow, are they a loved stock on wallstreet and go u/p like Netflix and Amazon, or do they have to earn every niclkel because they arent Wallstreets "DARLING"...like Apple? Any thoughts on this, since NFLX and AMZN soared on what I would call "neutral" results at best!
NFLX was beaten down stock. From 300 to just above 50. Prior to the earnings it was at around 100. Now even though they reported a loss, they beat by 19 cents!!!!!!. AMZN was down close to 16 the day of earnings and it did have some high numbers ah but I would look at how it trades in the morning.
I think FB is a #$%$ shoot. Take a look at the last earnings for FB. They beat by a penny but the big news was their announcement of mobile monetization. It ended the day $19.50 and opened 24.13 the next day but closed the day at 23.23. It ended the week at 21.11. That was a nice beat on very low expectations.
To fly high, they are going to need to beat and impress. They don't give guidance so number has to be high.
If they are similar to AMZN which is currently around 9%, they will see a little less than 3.00 pop ah. They are not in the same category as NFLX. That type of move wont happen.