I have a different take on earnings....which might explain today's activity.
I think earnings will come in right about where they are projected. Nothing too amazing or disappointing......about right in the ballpark. Not the big score everyone is hoping to see. And I think there are those that are "in the know" on this....and those were the ones that pulled out today. Remember last weeks "come see what we're building" event...or should I say non-event.
Well, I think earnings will come in about the same way..........kind of a fizzle.
I was hoping to see a run-up at the close today, but it never happened, so I bailed.
I must say, those of you who were watching todays action, and sat tight, I have to give you credit for guts.
The people that sold today are the people that don't know what will happen with earnings. the same people enjoyed the ride up, as the people that know were buying the last 30 days. I don't blame them for locking in a profit, but the bottom line is FB will be higher all this year. It's easy to get left behind like AMZN, when it comes to a company that is changing the world. Stay long and get rich in the comming years.
yeah...I've been in this stock since about mid Dec......traded in and out a few times.......hoping for big news last week.....nothing. Tomorrow appears to be shaping up the same way. I had over a thousand shares, and didn't want to watch a 2-4$ drop, so I bailed today.