You missed nothing. Same swing trade in play over and over. All the Facebook sheep keep calling for GSVC to hit 25 - 30 - 40 and it spikes a point or two, then comes right back down like today. This stock is a swing traders gift.
The market is going to tank this summer in general, agree... the numbers show a repeat of last summer. Moving into dividend stocks. Boring, but necessary.
"Moving into dividend stocks. Boring, but necessary."
I agree.. That is what I did three weeks ago. And extra cash ready for a buying chance. GSVC did a head fake Friday. Those who bought near the close were hosed.
I still don't like price action. Just tarde it
whats up? I am baackkkk.. Good travel week... I see the market suked though... GSVC did well, I see FB pricing prelim announced. The hype will take this up, but the secondary will cut your balls off. I am still out, waiting for an entry. Sitting in a nice cash position for now. Unempoloyment number was not so hot, 8.2% unemployment with many unemployed falling off roles. Real number is more like 12%. Cheers... WAHLEEEEEEEEE
Homer. I don't believe there will be secondary prior to FB. Too many friends of gsvc would get burned.
Quick on the sell button. I don't get that. First of all once the news is out it's too late. Secondly, news can be released after hours.
Gsvc and svvc have a lot of room to run. I would not short this stock.
I think the FB road shows will continue to spike this a bit, so I am holding off on shorting again.
With no announcements of additions to their portfolio though, I think you'll see some well timed screwery as the FB IPO gets closer. They'll give you good news just before the fever pitch, then sear you with that good ole secondary flamethrower. Timing will be everything, as will the ability to be quick on the sell button.