the stock ran into earnings the last couple of days by dropping over 3%, then the earnings were so good it dropped over 3% after hours, the five day chart means nothing even though it is a perfect head and shoulders (before the AH trading), and they think it will go up now (again). There were two big chances to lock in any gains near 32.50 and I am sure it will go up someday, or hour, or minute again. I respect all opinions that make a point. My point is that it seems a wee bit weak for now.
I disagree. Market wanted to see continued acceleration in terms of mobile and that is what it got. I actually think that its ah action was encouraging. When Volume was heavy ran back over 31 from the initial stupid sell off. Volume lightened during conference call it did weaken into ah close but 30 proved resistance.
Business model is still in place and consolidation is healthy. I think Analyst's will be positive tomorrow especially considering mobiles strength which kicks the short thesis in the sack.
FB is up $10.00 since November. Whats the panic all signals are strong for the future. People like yourself don't seem to understand social media is here to stay. Why do you think many major newspapers are gone finished change can be tough for some people
And I think the market is looking toppy. Economic numbers today show GDP contraction for first time in a while. Good signal that it'll soon be time for traders to sell this market down soon. I think as soon as the final earnings reports wind down, you'll see many days in a row end in the red. I think the downturn is temporary though, before picking back up running to next earnings, but the later half of the year looks bleak to me. I probably won't be fully invested after May but keep an open mind and I will adapt to what information comes out by then.