I bought a small block the other day. I have an order for a second small block at 63 but it never hit....
We are seeing 69 support. The usual near term head and shoulder pattern for stocks may not apply to FB.
Just like MSFT, AAPL, GOOG years ago, having some FB is a good thing. Instead of jumping all in, take a small position is okj
If Whatsapp can reach 1B users by 2016, it's already quite an achievement. 2B is really pushing it.
The actual growth can actually be lower than the 1M a day estimate.
Even at 1B user in 2016, the 19B is still way too high.
Getting in at 12% shave may still be a little risky but worth a small amount entry. Re-enter with a small portion (20%) IMO at that level and keep the majority (80%) to see the next action is IMO safe trade.
Tomorrow close above 68.60 will give 5 green weeks in a roll. That happens, we likely see reds the coming weeks. IMO I'm anticipating 12% shave from the peak to absorb gains from the last 5 weeks.
12% is quite reasonable. 18% shave may be pushing it.
66 is a reasonable estimate. It is likely a 12 to 18% shave from the peak.
low 60s or even below 60 is probably a good re-entry.
Google - How Facebook will have to radically transform itself in order to justify buying WhatsApp
Before a few earnings down the road for FB and Whatsapp to prove themselves, we should be seeing drop off the cliff performance for the coming weeks and months....
10% shave is 63 to 65....