What's up with BTIG and it's consistent history of FB downgrades!!!???😡😡😡😡
Check out these links and see for yourself:
Is this b.s. Or what? What blatant manipulation. Shares go beyond the analysts target price of $127 and like a kid who couldn't get his way, says sorry share price went beyond MY price target of $117 so screw unshareholders. I hope this SOB looks like an idiot July 27th.
Weekly chart shows resistence at $122.69, the upper Bollinger Band. In the past, the upper Bollinger Band has been rejected and prices have pulled back from there. In this case, if you look at a FB chart, the upper Bollinger Band is 122.69. For day traders, knowing this info could be very helpful.
Your $150 call as one of the possible "paths" intrigues me Timewarp. Usually with a cup and handle formation, there's a great chance that the share price could rise as much as 25% on a huge but of news, or in FB's case, a huge beat at earnings. My calculations have the price at the handle around $114 which brings the potential price action to around $142-$143. How do you see a run to $150? The split? $50 a share?
$150 may sound crazy to some but it's funny I had a few other technitions I confer with who said if FB has huge earnings and runs it could absolutely go to $140-$150. $50 a share split would be incredible.
Timewarp: Started reviewing FB chart and couldn't help but notice what could shape up to be a very powerful cup and handle formation. If FB has a big beat on earnings, the breakout could be much larger than anyone is expecting. It's eerily similar to the cup and handle that formed in 2013 around the same time. Usually it's said that the share price of a stock will run 25% higher from where the share price is at the handle level. From my calculations, that means FB could hit $140+. Can you take a close look? I know you're not a chartist or a believer of technicals. But if I am right, a huge beat by FB could yeild a similar share price rise like July/Aug 2013.
Doug Kass said to short FB at $117.05 with resistence at $118.72 in today's Real Money column. WRONG CALL. And Andrew Left spoke to the column this morning and continues to rag on FB. Say one thing and do another? Don't trust him. Have you watched him on CNBC? He was on the other day saying VRX (Valeant) will eventually go to 0. What an arrogant pric! Fast Money guys went after him saying he does exactly what Bill Ackmsn does. He was so hate able.
Yes I agree with your NFLX analysis but you were a week early. FB technicals have been pretty reliable. Hope NFLX beats. Better for FB more than a miss. We are in a momentum market so this would play into that.
As of today. So is Doug Kass. Kass thought FB wouldn't make it to $118.72. Shorted at $117.05. See Real Money. Don't underestimate the monetization of FB thick skin and all.
Oh come on. (Though your comment IS funny.) look I'm not experienced like you are. I have made (and lost money) based upon my beliefs. I made more money from simply trading SIRI than any other stock. But that ended almost 3 years ago. The market has changed. I've had a hard time these last 2 1/2 years. Sometimes it's as simple as common sense that enables a person. Timing and old Lady Luck. I think FB is about to enter an incredible period with many of their businesses finally monetized. I'll never be like you Timwarp. But I think you seem to be one of the most grounded traders I've encountered on this Board(and SIRI). And I thank you for putting up with me.