Just saw AMZN hit new high. It's been following FB around like a puppy dog and FB is still higher for the year. My tactic here is restraint to reduce slippage, but agree with your idea.
FB got close enough to the 200 MA during earnings that the long position is good for awhile. It looked good enough to add although that trade is down 5.00.
that I had in mind several years ago. Now there's a little double top thing going on while news says growth is slowing. With this there's always another rabbit in the hat where some wait for cows.
But will the Canadian wild fire disaster change things?
"We view the flagship product that will enter China as likely gaming through Oculus. The open VR platform should accelerate the development of the next-gen online gaming in China and investments in startups. That said, we think Baidu is the most logical JV partner as it is the largest Chinese search engine that can leverage its cloud offering for gaming and set up a potential entry for the core FB user interface (UI) into China."
excerpt from piece by Tiernan Ray
Well, I don't know if the existing shares will be on tap or not.
My first concern over the mess is whether or not finalizing the split will be delayed until the lawsuit is wrapped up.
and true love and love at first sight and the power of words and sentiment.
Sentiment is sort of suddenly a problem with the unhappy investors who want to sue over voting rights. Press releases did a nice job pumping the positive into a split. But delay has the ability to confuse and unsettle what's already somewhat confusing and unsettling. I really wanted this to be an easy done deal, and think that great December numbers might be less if the court decides a few powerless anyway stockholders need paid off.