If Zuck and Sandberg actually cared about near term investors, that could be the case. But they don't. So don't expect $33 unless one of them issues a statement.
Still say that $25 was the 2nd bottom, and the H&S pattern predicting fall to $22 seems to have broken. But FB has to start acting like it has investors. Otherwise it seems $30 is still a hard climb in the next 2 weeks.
I think we've seen the bottom since so much bad news, bad guidance and bad stewardship is already baked in to this stock. I don't fault Zuck as he is what he said he was going to be. Sandberg's blithe indifference to long suffering and duped investors is what is puzzling and disappointing.
If the stock were at $40 I would be all for her parading around with her book and her message. Right now her performance as linked to FB as a publicly traded company is a disaster, and she really should be focusing on regaining investor trust with more logical strategic moves and statements.
Seems to have bottomed at $26.50, w/ volume all dried up. Tomorrow we're into earnings run up.
Just doesn't seem very likely that folks will start to sell below $26 unless there is a provocative event.
Can certainly inch back up to $30 over the next two weeks. Upside is there, while downside now that tax day is over, is limited.