Will be interesting to see what wall street does. I covered some at 59 and some more at 60.50. If it looks like it is going to close above 62 I will cover the rest. They may take it down to 55. I have no idea what wall street is going to do. FB does have earnings coming out the end of April. I anticipate they will be good. They may already be priced in and wall street will be short and take it down. Maybe they use it as an opportunity to take it higher than 72. Less than a month before earnings gives them lots of time for big swings yet.
Good morning Tracey! Agree with your post. We need, though, to break past and close above $62 for today to mean anything. Also technicals say peak will be around $66 and then another downward retrace. My take is we reach $70-$72 right before earnings. Blowout earnings where FB beats EPS estimates by $.06 cents or higher, then we soar in a parabolic rise to around $80. Good news if this happens, $70s become the base. Thoughts?