Facebook, Inc. (FB) Message Board

  • happyperson_1 happyperson_1 May 13, 2014 9:19 AM Flag

    Will be interesting day for FB!

    Lots of hype with thought of opening office in China. CITIGROUP sharing that the pullback in internet companies is a buying opportunity with FB being their number 1 pick. They are not buying yet. Still think you will not see a run up in FB yet because the big money shorts have to get out first. I may be totally wrong and they have been covering last week and yesterday. Waiting to see it close above 62 or will continue to buy, sell and short between 55 and 62 or maybe this is a lower high at 60. The big or smart or FED money or whatever you want to call it will tell us. GLTA

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    • They did speak. Keeping it under 60 for now. Some of the other momo plays took a kicking again though.
      SPLK, DATA, ULTI. So the good news had no lasting affect. Acted out on script.

    • I think it is best for Facebook not to aggressively pursue it and focus on Mobile Initiatives! FB revenue from Asian markets , in last q, according to Bloomberg, was about 14% of it revenue. It adds a bit to bottom line (and allows main land companies wider exposure outside) but not worth the time and energy! Short Interest is currently low as % of outstanding and i won't count on them to be a major catalyst(moving stocks forward, although it is fun to see them panic). Cheers

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