EASY...they gapped up the stock on the China news and sucked in the retail investors. Now they are going to make sure the weekly and Jan. options those investors bought expire worthless. Typical pump and dump!
I don't think anyone is holding it back, its running into the 200 DMA at 3.54. This is pretty tough resistance, once it pushes through it will become support, for the push higher.
I agree with everything BMO said..."We don't like moving around ratings this quickly, and we thought the quarter was perfectly fine; however, we don't yet have the thesis to raise our target into the mid- to high-$30s," the firm comments Dan Salmon. "Moreover, contrary to consensus, we do not think 2013 stock performance will be dictated by "mobile monetization"; rather, we think that has driven the stock's move over the past two to three months and in-line mobile results this quarter suggest that catalyst is complete (for now). For FB stock to go higher, we believe new catalysts must emerge. We had been looking to Gifts for help, but management tapped-down expectations, and we have lowered our revenue estimates for it. Beyond a pullback in the stock, we would look to get more proactive again if (1) we get more details about video ad products that were hinted at on the conference call; (2) expectations for Gifts improve due to faster country rollout or product improvement, like wedding registries; or (3)Instagram monetization begins."
No, they ( investment banks ) were just having a difficult time controlling the after hours price action due to much higher volume from retail investors, once the enthusiasm wore off they slowly pushed the price lower. IMO, this move lower had nothing to do with Facebooks earnings, it was more about how they could extract the most money from retail investors.
I saw three unusually large put bets this morning, by the same institution, probably MS, GS or JPM. First they bought, 20,000 Feb 31 for around $3,500,000, then they bought 16,000 March 31 for $3,336,000, then they went out to June and bought 10,000 June 22’s for $480,000! For a total of $7,340,000!!! This all happened within 5 minutes and was very obvious.
Just proves to me that these banks knew ahead of time that FB was going lower, in fact they are most likely the ones selling after hours to drive the stock lower. FB could have beat by 100% and the stock still would have tanked.
Check for yourself.
whats really interesting to me is the NASDAQ is only down 10 and the DOW is now higher, you would think that the NASDAQ would be down 50 and the DOW down 200+
Maybe I'm reading it wrong but they say in their latest quartly report the dividend "was" paid.
"Around December 1, 2009, the special cash dividend was paid out to shareholders"
Anyone receive their $1.50 dividend yet?
"On August 24, 2009, Nepstar declared a special dividend of US$1.50 per ADS, or approximately US$156 million. Around December 1, 2009, the special cash dividend was paid out to shareholders of record as of the close of business on September 25, 2009."
I never did believe all the rumors i heard/read about MM's but I sure do now. What a scam/racket they have going on.
Great play! Seems like a really good stratagy. Does the dividend for other companies adjust for the full price for the dividend?
Thanks in advance