Because of the big gap, there will be profit taking tomorrow, especially the coming weekend when traders do not want to hold their positions especially on weekend. If the entire market trends down tomorrow, this will also go down. Got some puts this morning, long term. Let's see what happens this coming weeks.
usually we think that way when a stock up a lot and tomorrow is the weekend.But to FB,I think the thing is different now.Everybody is rush to buy FB now,so it is hard for stock to go down,even there are some profit taking.
I've noticed stocks move in 5 dollar moves reflecting 20% gains +&- 1 dollar 24-25-26 from 20 $.29-30-31 from 25$. 34-35-36 from 30$.Next stop 39-40-41$ from 35$ and on. Some profit taking has probably been taken @ 25$ &30$. I see FB was pushing hard at 34.~ AH'S. One post said later they expect profit taking. BUT don't count on it. Thanks.