konehead-you are the only one who never heard of Evercore. Evercore is a well known brokerage firm. Write you know about. It's obvious you know very little about this subject.
Here come the $80s. $100s by late January earnings.
So true what you say... you reveal yourself to be an older person... "Relentless telephone landline calls..." Giveaway...
hmmwhatgives-great analogy. And I remember that well thinking what a nice trade that would be but made the mistake of getting caught in the euphoria plus neurosis on tax implications for such a short term trade. Well, I agree, "Never again!" $85 will come but it SHOULD come ONLY on an earnings beat. If it comes earlier YES I would agree "Take the money and run," as there would certainly be a chance to catch a few dollars on any retracement.
Moron. Whats App gets a $1 a person X 1 billion and FB will monetize it with ads and phone service. They have yet to close to don't start dismissing WhatsApp until you know the full story. but go ahead as you've already missed out on tripling your money. Snapchat? What does Snapchat have to do with FB moron?
scrammer-follow your Yahoo id and take your scam to Jim Cramer, who you must idolize to put him as part of your Yahoo ID. The only bubble is in your head due to lack of oxygen. In 2000, tech companies had no real earnings. NOT the case now. But keep on posting your fear tactics. Many might be scared of you. But some of us on this Board know better.
hmmwhatgives... so funny but I bought another 1000 shares at $77.26 earlier in the trading session. Was tempted to day trade it but then went to lunch and missed a chance to make $1. No worries. Agree that "buy the fear" is the way to go. CNBC posting fear: "Art Cashin: What's Behind The Selloff" and " As market sinks, fear surges—'feeling toppy'" and "Fund flows flashing that there's danger ahead." Plus Putin threatening to freeze foreign assets unless the U.S. at E.U. go to the negotiating table. FEAR FEAR FEAR. Nothing has changed with FB overnight. It's great and will be even greater when earnings arrive in 5 weeks.
The P/E listed by Yahoo is incorrect. The P/E as it stands now is 86. And after the coming earnings report, will be even lower probably closer to 50. Compared to other companies it is not high.
wow hmmwhatgives did you call this right. Incredible. Almost to the penny ($77.51.) I traded it in and out based on your call and made the easiest $3k ever. Thank you.
Interesting observation -- down AHs up the next day reg hours --and I think you are spot on that we will see $77.50 tomorrow. Did you notice how the stock was trading all over the place at times today? Especially the last few minutes. These traders took it from $77.57 down to $77.29 like the wind. Sometimes I see these trades and I am sure that Michael Lewis ("Flashboys") is right that there are a group working in tandem together to move stocks. But either nobody can prove how they do that or the SEC and others in on it are turning a blind eye. As you follow patterns, so do I and your "down in the AHs up during reg hours" is the same basic type of pattern. Good job. As far as tax implications, yeah I'll have to pay something more than I had planned but thanks god most of my big money positions are in retirement accounts. I don't care. I'd have kicked myself if I had missed this run that's starting. I made a mistake but I also made money and fixed my mistake. Lesson learned.
Good advice and stay away from stock preachers selling b.s. like Jim Cramer and Marc Farber and the rest of those azzwipes on CNBC.
Here's some facts to ponder: when Google launched its stock, it started at $85 and within around 18 months it was at $350. 18 months after that it hit $700. Okay, times are a little different. But I believe once the market recognizes all the revenue streams that are about to begin and they price 2-3 years out to achieve the correct valuation of FB, we should see those types of parabolic rises over much shorter periods of time. I think we see $200 in Dec 2016. That's over 2 years from now. Very realistic considering all. $300 by Dec 2017. $350 by Dec 2018 and $400 by Dec 2019. If it happened faster then I retire faster. I'm out at $500 a share hopefully by the year 2020, 6 years from now. we'll see if the Gods love me or not.