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Facebook, Inc. (FB) Message Board

  • druginvestor12 druginvestor12 May 26, 2013 8:10 AM Flag

    Fundamental and Chart analysis shows that anything under 25 is STRONG BUY!

    The fundamentals for Facebook are stronger now, than at IPO 38... Do I need to paint a picture? FB was down 5 days in a row, the chart is showing OVERSOLD, and a bounce back to 25 is due!

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    • Oversold indicators only work when selling is because of immaterial reasons, like profit taking, but this is a very material downtrend, so I would be careful saying that because it says oversold, it is a buy. That is how you lose more money, and you will be saying its oversold till this is in the teens...

      You also suffer from anchoring and sticking to numbers. They are just numbers. Like Tracey said, you are missing the big picture here, that it is an overvalued stock at this level, that is why they are dumping this stock.

      The big guys know that. They are paying pumpers like you to drive the stock up higher so they can sell and then people are stuck with their shares. Don't fall for that, its the oldest trick in the book.

      I bought this at 27, and sold at 26. Lost a bunch of money, but then I saw the light and how overvalued this is, and shorted it, and now I made back everything and more.

    • tracey563@bellsouth.net tracey563 May 26, 2013 9:31 PM Flag

      you clearly are missing the larger story of the starting of a 15-20 percent correction,this will test 20 by mid sunmmer,no question, a total years retracement.unti this stock has been redistributed from the ipo folks and mgt diversification programs we are all holdimg at best trading stock for a cpl of years

 
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