this should be on the rise until late January/early February . . . WF and DB with their downgrades and negative spin coming are trying to keep a lid on this for some reason. So long as the price increases stick should be a continued upward trend through 1Q 2014, especially true this year to since X has taken management measures that will bode well going forward.
#$%$ is wrong with this picture . . . so this translates into ad dollars with CLR that are of what value to those who actually purchase ads? No meaningful demographics on users to target ads on social media which is what is needed and FB is doing, and doing well. We shall see in December.
climbing the proverbial wall of worry . . . between Wall Street, global economics, china dumping for years at low prices, etc., etc. . . . but it is X time from now until late January . . .
upping the price and closing the books early - seems like they want to create an aura of huge demand for shares - for what is nothing more than a momo tech offering into a market turning its back on momo stocks right now. Recipe for disaster. Can't wait to see this thing fly up to 48 per share and then trend down if not tank the following day.
Pros - spot prices US strong right now, cost cutting measures finally implemented and exports from Asian down right now, cyclically this is the time it runs from now until february. Cons - disparate prices out of Europe and still oversupply globally. Steel has been at lows for nearly 2 years so even if it goes up by another 50% it is still way off its highs. Spot prices will dictate this trade - once they show signs of reversal it will top out. As for Goldman who knows what they are up to, probably going to squeeze retail who was late to the short party. The short was from January 2012 (over 40 per share) until 17 a share, Retail is probably still shorting thinking this is a head fake and is about to get crushed over the next 2 months.
has occurred. In fact, I believe retail is re-shorting this on these moves towards 52 week highs. Not smart IMO.
If that is the case could really see a move higher in the next 2 months when covering actually occurs - perhaps a big squeeze.
oh right, every other competing platform with ads! Oh right, Tumblr - no ads yet but they are coming - Marissa is waiting to capture as many members first before dropping the hammer! Fact is, ads are and always will be everywhere - especially where they are public companies or owned/acquired by public cos.
FB to its credit is doing it slowly and right - high quality and well placed with their abundant demographics - advertisers are going to pay a premium for this. But this is being ignored right now (or will be the next story after the scare tactic shakeout is over).
in the face of strong earnings and the beginnings of monetization of Instagram - where the teens are and why they matter is beyond me - suggests a huge shakeout occurring using Twitter (old co and still no profits and no where near the user information advertisers want to pay a premium for like FB) as the red herring.
was just thinking the same thing. All those call writers did not expect that ER, and on the flip side the Twitter IPO and CFO statement didn't help, but me think they are buying back all those front month OTM calls they sold at rich premiums not thinking the ER was going to be so good especially with mobile ads NOT being as cheap as they are on YHOO and GOOG apps/sites. And they are all salivating over the Instagram revenue stream as they know a well executed plan will pay off big with advertisers. Breaking everyones psyche this week to only change the game in 2 weeks.
US steel spot prices are up, and may go higher for the next 3 months, but not for the reasons that suggest a turnaround in the excess global supply. Exports are down in key areas and there are domestic shortages due to outages and closures. The gamble is how long before prices change direction and exports rise again! Probably by Jan/Feb if history is an indicator - right on the heels of the prices topping out.
However, US steel has finally - after soooooo long - taken cost cutting measures. So this may bode well going forward even though market conditions remain challenging. Perhaps raising it to a range of 24 to 35 perhaps going forward. Time will tell.
you know how good FB report was. Especially when you focus on the ad strategy and that the cost of ads - that is the price the advertisers are willing to pay - is UP not down on mobile. This suggests that the approach FB is taking is precise and targeted and is actually working. Ignore the noise right now as the Twitter IPO is the real reason this is so volatile. Big money wants to detract from the FB growth story to pump the Twitter story. It really is that simple.