Don't know but FB news is extremely positive right now and new investors are flocking in to buy while still under $40 a share. Once we break $40 a share shorts will be gone for good and then the stock will really rocket higher.
Personally I like $39 to $40. With this gigantic volume many institutions must be moving in. Is FB finally getting respect? No reason why this can't move much higher.
Most of the volume is window dressing. It will be interesting to see if the volume continues tomorrow.
If we break 40, this stock may hit 48- 50 with heavy short covering.. 36 million shares shorts waiting to be blown away!
There are very few shorts and their covering will do nothing. Right now this is a very low shorted stock.
You never short a stock with this type of momentum. Funds are pouring into the stock as the rev. from mobile is rocketing upward. Short covering will push it even higher. Sit back and enjoy.
open above 38.00 so some other sucker can spend some money !!--CLOSE LOW 30 GETTING TOPPY !!!
Sentiment: Strong Sell