I still think it's a dumb website stock, but I also think the S&P is going to add this to the SP500 and there will be some buying.
In for 650 shares
One input here - naturally TWTR has taken some investors from FB that's a given right? Well I tried to short TWTR this morning and etrade has no shares to lend? This maybe a good sign for us - if TWTR is heavily shorted then we may see some money coming back in next week or down the road - all we need a little news for catalyst?
You can't technically short sell an IPO for the first thirty days, so that is why Etrade had no shares to lend. I think it is crazy to assume that so many people left FB to go to TWTR. The stock has been broken and had a negative vibe since the CC. It probably won't gain any momentum until people get some clarity on how many people are really losing interest in FB.
I have several cousins and nephews who think FB is stupid. They are moving on to TWTR, which in my opinion is even worse. Either way, teens are fickle and trends can change overnight. It is hard for people that have made a lot of money on FB and are frequent users themselves to disconnect the past with the present. The story may or may not have changed, it's best to sit out until the real answer comes.
And here I thought you were already in. As long as we're laying our cards on the table, I got 594 shares at 47.61 about two hours before market close so I'm down 8 cents. I'm expecting Monday to be more favorable for FB but then again I'm only human and don't have tea leaves to sort through.
You must be my siamese twin separated at birth since I have the same thoughts. But I must say that Michael Kors is suffering from the same problem. They were to enter the S&P 500 then it was "postponed" to allow the merger of ICE and NYSE to finalize. Counting of FB to enter that index is not without some waiting pains. And yes, it's a bumb website but I'm trading it - not getting married to it.