If Longs are waiting for ER then the Shorts will control trading until then. There may not be much of a run-up to earnings.
You made some good points. It also depends on how "long term" you are. For some people long-term is years, for others they are momo-traders. They may buy on the uptrend, but they are hoping to get out before the uptrend is over. Make sure that you not only plan an entry price, but the time period you will be trading.
Well...if this happened everyday, we would always end up where we started. Then we would be basically wasting our time observing the FB's price changes.
Are you in or out, right now? Don't bother with what is already known because it has already been priced in. The only way to beat the computers is the "apples for oranges trade." I'll give you an example, let's say you have bought some puts. Now let's say FB continues to go down, now the value of your puts have gone up. All of the sudden this is the perfect time to sell the puts for calls. It is the ultimate in contrarian trading.
The market makers believe in equal opportunity....first, they let the shorts drop FB by selling, then they screw them by raising the price. Second, they let longs buy while the price is rising and then they screw them by dropping the price. Equal opportunity...lol. They rake in the bucks.
Out of the frying pan into the fire. The national debt has been huge for a long time and GLD continued to drop. Many big investors bought gold while it was dropping but they are still underwater.
It goes beyond that. Wall St. just loves what Zuck and FB is doing, if they didn't FB would have sold-off on the news. We are likely to rebound strongly on Thursday and Friday.
Absolutely right. Volume is slightly higher than normal indicates profit-taking. Still plenty of time for FB to recover by the end of the week. Zuck's plans are becoming clearer and Wall Street.
The problem is only the IMF can help us. Let's see, I don't trust China because of the way they keep their books. I don't trust U.S. because of their politicians. Japan has deflation, so basically we're left with the IMF.
Numbers don't lie and FB know it. It really depends on the audience for the press release. If it is investors then GAAP, simple as that.