stocker4949-u r an idiot. $72.59 was the high March 10. $78.37 PM July 24th was FB new high. Get it right before you post bull.
Actually I think the same think. People think a pps has to hit exactly ($72.59) but it does not. $73.4229 I think is it. Up from here. $80 next week.
Okay earnings were stellar. Do you see FB running hard to $80-$85 n the next 7 trading days? Would love your input. The pps did exactly what you said. $71.29, when you said we want to see $71. And then a swift rip higher. So what are you thinking after yesterday's CC? The CC I also thought was the best one they've ever had. Sandberg, CFO, and Zuck were ready for these analysts.
Okay so the big earnings week is here. I am believing FB could reach $71 to $73 before earnings as you said is what we want to see. No higher or we will see the share price fade after earnings. So my question to you, since you've really analyzed the movement of the stock very well, do you think it is possible-with a HUGE earnings beat, something like EPS coming in at $.41 and Revenue topping $3B, we could see the share price push past $80? A few of the Fast Money bozos don't think it will go past $77 and change. One talked about an Options play called a Butterfly Straddle, or something to that effect, where he would make money on any pps between $67 and $77 and lose money if the stock went over $80. I think this guy on the show has it wrong. (Forgot his name but he has a tomato face like he used to be a boxer or something.) He's gotten it wrong many times before and I'm betting he's got it wrong now. What do you see as a probable scenerio here in terms of what FB reports and -- most importantly -- what you see happening over the next 7 trading days in terms of share price. My dream price is $82.60 which nets me a huge score. Any input is always appreciated from you as I think you are one of the most intelligent traders I read who posts on this Board.
wwtimewarp... FB price action seems to be following your playbook. Probably see $71-$73 by next Wed and if a big beat we see 10-20% pop over the next 7 or so trading days. Has your view changed since your last post to me? I think we have a real shot at $85 IF we reach $71-$73.
Once macro b.s. dissipates watch pps rise. Still think we see $71-$72 like timewarp says and then huge pop with a big beat temporarily $80-$85. Maybe not same day or day after earnings but within 10 trading days afterwards.
Yes, you're VERY conservative and your opinion and my disagreement with it has nothing to do with what i want to hear. And you write with arrogance. A little bitter about your past trades? Don't answer. It doesn't matter. This is one side of the human factor and this doesn't interest me. Producing results is what counts most. And for the share price to rise all it takes is comments from Zuckerberg and Sandberg saying that Instagram is now being monetized and this is what we feel it will make. That video ads are now being monetized and this is what we see it making. That Oculus is about to be monetized and this how it will make money. That WhatsApp will bring in another 1 billion users and this is how it will be monetized and bring in revenue. Plus triple digit profits and margins. Watch what happens at the CC. I'm adjusting my prediction to $70-$71 by earnings day and a HUGE beat coming. Remember Oculus Rift and WhatsApp deals have yet to close so these blips in earnings will not show up to Q3 or even as late as Q4. But if we get to $70-$71 and there is a huge beat and the markets resume the summer rally, $80 will happen in August NOT in 2015. You can expect $100 early 2015. You'll see. Nothing wrong with being conservative in your thinking. As you said you are long. You don't care about the noise and the ups and downs. Different kind of investment. I look at where the short term pps might go and if it rises a little higher than I think it should be (any where between $80-$85 should it go there in August I would take a chance and sell and try to buy back in $5-$10 lower). Nothing wrong with having a strategy. You have your's. I have mine. Good luck to us both.
wwtimewarp-seems you earlier thesis about where you want the share price to be may come true. With this pullback, I see options playing out to the possibility of a close on Friday $65-$66. Should this be realized then the possibility of $71 right by earnings day could play out. And if what we are seeing here is a rotation by hedge funds again like we saw heavily at the end of March/early April at the close of Q1, then this up and down volatility should continue for the next week or so. Still doesn't mean the $71 share price won't be realized in the time frame you indicated. By the time earnings take place, hopefully if FB beats big both on the top and bottom lines again, maybe this time the market rewards the stock price with a big swift rip to $80. $9 from $71 wouldn't be unheard of if FB earnings beat big. And contrary to many misinformed people, the Oculus and WhatsApp deals have NOT closed so they will NOT have any impact on this earnings for Q2.
wwtimewarp-seems you are spot on. Sky Rockets in Flight seem ready to launch in 12 trading days. I think $71 might just be that number you said we shouldn't want to see the share price go higher than. So if this holds true, any chance we reach the low $80s and in how long a time frame? I'm looking at holding this for 7 more trading days afterwards. I am worried we may have a repeat of 2011 by early part of August and don't want to hold anything longer than that. I think between Aug and Oct we will possibly see a lot of volatility. Or will the Nov. elections prop up the market?