FB can only go up or go down. How is it possible to guess wrong 17 times. May 2nd, 63 Calls will drop like a rock after earnings because of a drop in IV.
Actually, I think the furor over the AAPL dividend has people more excited and possibly they are slower to react to FB's beat.
After earnings implied volatility and the price of near term calls drop, so actually today would be a good day to buy near term calls.
Lots of things can happen, but still it looks good for a last hour rally. Volume much higher than normal, the MMs are just holding FB down.
You have to buy shares in order to reduce a short position. That's why I was confused by today's trading. I would have thought that more Shorts would be covering and we should have popped.
I'm long and I like Zuck's ideas also, but far too early to compare him to Steve Jobs.
Then why are you on this MB? At one time we could get new information from this MB. Now, we get the same old information, re-packaged.
If your trade is going to work tomorrow a.m., it needs to work within the first hour otherwise your calls will disappear.
Not all of the drop was due to a correction in the market. After earnings, implied volatility and the price of calls normally drop.
Also, now that the Feds are easing up on QE, there's less money in the economy to buy stocks. Investors are getting more conservative.
Hmmm...yeah, kind of bugged by the insider selling myself. But I figure, the selling is because they were expecting the Feds to reduce the money supply so people would invest less money on Nasdaq stocks and more on DJ stocks.
Kids instead of playing with slingshots and BB guns would be creating anti-ballistic drone launchers...lol.
Do they still have 1,000 dollar bills. If you lost one of those...it would be only a paper loss also. That said, dollar-cost averaging would probably work with FB. Don't buy all your shares of FB at one time, instead buy shares maybe once a month when FB shares look like an exceptionally good deal. Good luck.
But that's exactly the reason we will pop on Mondary morning. Most of us still believe in him, after all if you actually read the earnings report...AMZN had a decent quarter. After all, they beat on the top line. Half of Friday's drop...15 points...was due to market conditions. I expect that AMZN will pop 7 - 8 points on Monday. And then, we're going off to the races the rest of the week.
That was in the old days. Right now, we're in the midst of a correction.
Gonna buy that vacation home I always wanted.