That's my projection, and that will be bad for the stock short-term.
That was news a few days ago, and the stock has jumped several times since then. It's time to take profit.
Sentiment: Strong Sell
When I teach some college business courses, I tell my students that panic is not a bad thing. It is right o panic. It is proof that one can show concern. I also tell them to reflect before acting on their panic. many people who trade do not reflect. They simply react. Anyone who sold this stock today simply panicked and stayed so.
I don't deal with coulda, woulda, shoulda. If you must know, that was not my first FB purchase. I simply saw an opportunity to pick up a few misguidedly sold shares, and I did. What's wrong with that?
All my FB holdings will be sold at $70 or thereabouts. That is not cast in stone too, but that's my projection for the next 3 months.
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SNPMarketScopeViewsNews2013-12-17 13:12:12.000AVGOAVAGO TECHNOLOGIES LIMITEDBARNETT BRODIERBC RAISES AVAGO TECHNOLOGIES (AVGO) TARGET, REITERATES OUTPERFORM Yesterday co. announced acquisition of LSI. Analyst Doug Freedman tells salesforce raising $53 target to $64, 13x his $4.91 FTM pro forma EPS estimate for combined co. Notes while his valuation based on combined co. EPS, plans to leave his official ests as standalone AVGO until deal-close in H1 '14. Believes combined co. EPS could grow to $6 and above $7 in 5-year time horizon. Says highly accretive nature of deal very encouraging as mgmt continues to find ways to drive EPS power, this time by leveraging balance sheet strength in low interest rate environment. B.Brodie|US;AVGO|189611|SG|20248442
You're right. Then you're wrong also. In the same way that there are no clear figures YET to argue a bull case, there is none for a bear case too. The most objective criteria for judging a stock is its earnings. No data are available yet for either case. Do you want people to prove the negative. All the people doing the downgrades are fear mongers. Nothing is based on ANY fact YET.
Seeking Alpha is NEVER a place to read anything relevant to investing. Every article there is self-serving. It's an opinion mill that you can't trust.
Just watch out that at the end of the day, the downgrades will be a HUGE joke. Stock will be up $3. Period.
(END) Dow Jones Newswires
December 13, 2013 08:57 ET (13:57 GMT)
Copyright (c) 2013 Dow Jones & Company, Inc.
*DJ Lululemon Cut to Neutral From Outperform by Credit Suisse LULU
Dec 13, 2013 08:57:00 (ET)
It always happens. When the big boys feel that the options momentum left them in the dust, they hit the stock on the head in order to cash in their puts. Then they buy the calls and let the stock move up again. Look for this stock to hit $54 today.