apple azzwipe-you know zip about the future of this stock. Now run along and play in traffic where you can be useful.
Reality? You're on acid! You've gotten it wrong earnings after earnings. You just like reading your own words. Get lost. You're a waste of time on this Board. Credibility? Like you have any? No one takes you seriously little clown. Go play and traffic where your talents are better suited.
BOSTON (Reuters) - The $108 billion Fidelity Contrafund continues to have a big appetite for Facebook Inc's stock, adding to its position in the social media company during the third quarter and praising its mobile ad revenue growth and "visionary management."
The fund, which is the largest mutual fund owner of Facebook, disclosed adding to its position in its third-quarter commentary letter to investors on Monday.
"We continued to favor the stock, in large part due to its mobile-advertising business and visionary management team, and we added to the fund's stake during the quarter," according to the commentary letter.
The fund didn't say how much Facebook stock it bought, but ended August with about 42 million shares. That's up from about 36 million shares at the end of 2013.
Facebook accounts for about 2.8 percent of the assets in Contrafund, which is run by portfolio manager Will Danoff.
Facebook helped the fund beat the S&P 500 Index in the third quarter. The stock is up nearly 41 percent so far this year.
In the third quarter, Contrafund's retail shares returned 1.77 percent versus the benchmark's 1.13 percent advance.
yes hmmwhatgives you DID hit a nerve. And it's a little more sensitive with stalwarts like GOOG and IBM missing big. Amazing how CNBC bozos play down Google's miss. Same thing they do with Apple. No deer in the headlights here. Did you read my posts to Benzilla? It says it all.
You would love that slide putz. Do you EVER post anything positive about FB? N. O. When you show a balanced view, MAYBE you'll be taken seriously.
Same to you Ben. That's the whole point of these posts: to try and help each other. And if either one of us (or anyone else reading these posts) can glean a point of view or information that helps them make the right trade to make money then mission accomplished. Good luck. I know you'll do very well.
CONTINUED PART 2
God help FB if they miss. Will the stock be the beneficiary of a 9%-15% rise should they beat big and with this market volatility? That's the billion dollar question everyone wants to know but can only speculate on. Statistic: 9% moves higher from closing share price on earnings day are the overall average of all earnings reports to date. So my belief system says to me 9% is very likely from that close on oct 28th. And we happen to have some good volatility to the upside (and I think we have a 50/50 shot as so many tech companies are missing earnings that a big beat by FB would cement the view that FB is the big earnings winner and earnings winners get rewarded in kind.) Oct 28th we will all get the answers to these questions. but at least we know a few us are ready for anything.
Conpanies that miss earnings (classic example, GOOG and today, IBM) are being punished with 9%-15% drops in share price. So we know that god help FB
It doesn't irritate me. Maybe you are letting your own personal beliefs about me get in the way of rational thinking about my responses. Or just how I am thinking. First and foremost, I agree with you. I am NOT a trader. I am an investor who occasionally trades the stock of a company (FB) he believes in. So that's now out of the way. Secondly you asked: "How do you base where you believe the stock is going to go?" My answer is based on fundamentals. But it also HAS to go beyond fundamentals. So, even moreso, I am basing my belief on where the stock is going to go that revelations will be made within FORWARD GUIDANCE. Revelations by Sandberg and Zuckerberg that some of their new businesses or other new aspects to their businesses are going to start to be monetized and the results of these monetizations will begin to bear fruit in thecoming quarters within a two year forward guidance. The minute either one reveals just one new revenue stream as part of their FORWARD GUIDANCE discussions during their CC, watch the share price rocket. Example: should they finally discuss video ads and discuss what kind of revenue they are anticipating in the coming quarters from this, the share price should react very positively. And anything else they decide to talk about that will reveal NEW REVENUE STREAMS that will begin to kick in.
Look, Ben, it's good that you posted what you did because it makes us all think and start to prepare what each of us feels is the share price the stock will reach and hopefully we all end up making significant amounts of money. My initial response wasn't one of irritability or agitation but, rather, lessons learned from past experiences when basing too much of the past on how you think the present and he future will be expected. Putting too much faith in a certain level of predictibility I have found to be a bad idea. IMHO, the best way to look at the big picture and what you think is coming is to look at the state of the market. [END PT 1]
" If we only meet or small earnings miss, 72.50 better hold or we see 60s." Why would you even write such a thing? There is no way there would be an earnings miss with all the exceedingly bullish revenue streams and the new ones that are just kicking in.
accessdenied65-you hit the nail on the head. Forward guidance on revenue -- ESPECIALLY from new revenue sources like video ads -- will push share price towards coveted 100 mark.
Good info. Thanks Tracey. Do you still stand by your 100 by Thanksgiving post of a few months ago?
All good points and reading your comments makes me agree that maybe we could use more of this kind of thinking. So thank you Ben for putting out an intelligent post and doing the DD. And it is accomplishing a lot as it is creating a discussion, a thread, that might help us benefit come earnings day and the days after.
Speaking of DD, hmmmwhatgives, what do YOU think will happen this earnings Oct 28th and how do you see the share price playing out?
As a matter of statistics, FB has run an average of 9% higher from its closing price day of earnings since it became a publicly traded company, with a high of 20%+ back in July of 2013 to a low of 3% back in May 2014. My bet is we see $80-$82 day of earnings. That's if Mr. Market stabilizes and stops the negative volatility. Add 9% to these numbers and we get $87.20-$89.38 average upside with blowout earnings. Maybe we see low $90s if we get positive volatility. I'm a temporary seller at $90 or above as I cannot see the share price holding in the low $90s right now. My trading bet would be to sell around $91 or even $92 and buy back in later around $85. Later being in just a few days or even one day.
Now Fast Money's Guy Adami says sell at $85. So he doesn't see as big an upside as the average 9% upside would indicate.
Ben-what has happened in the past is NOT a good barometer for the future. What makes you think what will happen this earnings will reflect any trading pattern that's happened in the past? I find that trying to match one pattern to current trading can be a recipe for disaster. If it were that easy, we'd all be rich. One thing to consider, the stock has been stuck in a close range since March from $71.59 to $79.71 until recently. Yes it dropped to $54.77 during the momo breakdown (why it went down in Q2), but really for awhile now, there has been very minimal movement to the up side. NOT like TWTR which went from $38 and change to $52 in change in one AHs session. Anything can happen so don't get locked in to any particular scenerio.
Friday's squeeze and Mondays triple digit green PM scaring the cockroaches and they are scrambling in panic. Stocktits cancelled my membership cause I wrote the truth and since it didn't fit in with their Bearish view they canned me. Seems you can only have it one way on that dumb dumb site.
take up another vocation putz. Sewing comes to mind. You can begin by sewing your big fat mouth shut.
VIDEO ADS: $2.5M a day PER CLIENT! $10B REVENUE JUST FROM THIS. When FB monetizes all its businesses FB will be trading over $1000 a share.