If everything is smooth, by next week peak to 33-35 will happened and 32 resistance will be broken. FB showed a good thick skin and did not fall too much on its last correction and is building momentum. I would cover all shorts fast and out of margin.
Look at this stock, just can NOT do sheeeeeet. I am so screw . Watching the market rocket to the sky, all my watching list ( 73 other stocks ) ALL up so damn high, and this guy, few days to the earring day, just sit here like a dummy . #$%$. For the record, FB, the worst POS. I am going to sell half of my position just in case. Damn pos.
Don't get me wrong, I still DO believe this is a company which will change our world big time, with so many features and connections. But if a small stock like Pandora-P and huge one like GOOG all at almost 5 months high, Why this, should be a big favor , is stay at this level ? Who can get me a smart answer ?
handling of the IPO left a bad taste in many mouths...for good reasons. It will take a while to prove whether they have the right stuff. A LOT of (pre-IPO) institutional money will act as a floor. In the long term, they will have to execute. In the short term, things are pretty safe at these levels... and you WILL have the opportunity to exit at higher levels... if that is what you decide...
FB is one of the worst performance stock for last 5 month, especially those well-known stocks. Most of them went up from 25% to double or more, this FB at almost 5 month low. I hope this performance is not associated with this 5-1-13 earring. If FB by then the stock price is not over 30.00, I will have to quit this pos and go on with something else, it is really killing me, on lots ways.
With FB, thats always a BIG IF. We all know they just don't care, and revel in the fact that they don't care about the stock price.
However, I agree that there is a 1 in 3 chance that you're prediction may happen.