Tech futures being down in premarket after 5 days of sell off might actually be a good sign. It sounds like the sell off is beginning to exhaust itself. wouldn't bet on it but I have seen this pattern before. We shall soon find out.
Not to defend Facebook or how it's influencing our lives, but your argument might have made sense 50 years ago, not in today's intertwined, interconnected world where the essence of humanity is being threatened by rapid advancements in technology, including social networking services that play an important role in every facet of our lives. To put it in more concrete terms, we live in a world where companies like General Electric are becoming increasingly dependent on entities like Facebook for survival--and the pattern is likely to grow further in the coming years.
Ok. Let me speculate. I have a hunch further beating tomorrow will augur well for the stock price after the report later in the day. There's just too much negativity already, and that could do wonders for the stock.
Most of Cramer's latest predictions have turned out to be wrong. He just stated aapl could get a bruising, so I'm betting the opposite will happen. His choice of using the word "could' is very interesting, as if he wants to leave himself some wiggling room. Of course I can predict El Nino could lead to catastrophic damages in California. But a hypothetical statement like that is not highly convincing.
The problem with social media, and specifically these message boards, is that countless people post messages designed to foster the impression that they have some real expertise. In reality, an anonymous claim of this sort is nothing but an ego boost, a type of psychological thrill brought on by a cryptic conviction that you are somehow in the know, or you can somehow navigate this tangled web of complex human behavior and convoluted financial order and come up with a rational explanation. But as the events of the past few years and the misguided assumptions, predictions and speculations by all, including paid pundits, have demonstrated, no one really knows. So stop pretending you have some esoteric knowledge and be realistic and humble about your capabilities.
Insiders? Sergey Brin sold 33,035 shares. The stock went down because it had a stellar performance on Wednesday and Thursday. I guess there was no correlation there with insider selling, right/ Two highly positive articles by Barron's and Motely Fool should help the stock price move further up next week.