Heading lower ahead of the memorial day weekend. Lucky if we close at $60 tomorrow
Oculus was a hailmary. But Whatsapp and Instagram are going to be huge revenue drivers. All the young kids getting off facebook? Yep, all heading to Instagram. He saw this trend a full year before anyone else and pounced. The guy is three steps ahead of everyone.
It doesnt matter how well they executed this quarter, the shorts and the speculative crowd will push this down to the 200DMA. If you have dry powder, look to add there. Frankly, May and early summer will be damn choppy. If long, you need to gut it out if you believe, or sell and rebuy later. But dont expect this dogged pressure to end soon.
I'd be happy at $70 - $75. I think the company has the potential to post $80ish. But I think the broader market environment will keep this under some wraps. Its going to be a choppy year.
yet you still cannot properly read a chart. so your thoughts on technical analysis mean nothing to me. come legit or dont come at all
your short at $70 was not as good of a trade as my long earlier this year. And no, neither trade was rocket science. Moreover, your claim that the first line of support is $53 suggests you really dont have a firm grasp on the charts. Could it go to $53, sure. But to omit a triple bottom at $55ish shows you really dont have a leg to stand on.
chart equally shows a first line of support, triple bottom near $55. Moreover, calling a move to the 200DMA isnt rocket science. Yes, it might retreate to that level, but if it holds it sets up a great base for the remainder of the year. Or, it holds $55 and makes a move back up to $62.
that would be awesome. Would put its FY1 PE at about 35. A steal for a company growing this fast. I would double down and make lots of money. Here's hoping!
hence the exact reason why Zuck is brilliant. He knows that, hence the reason he beat everybody to the Whatsapp punch. That's called building the moat. He did the same thing with Instagram. Ask anyone, so many people are now using Instagram more than FB, because of the pictures. He saw the future there as well.
We will probably see a drift to $55, before this conference puts the focus back on how much revenue generating stuff this company has in the works. Fine, momentum is getting beaten. That doesnt mean that growth companies will not receive a bid soon. They will, and the money will return to best in class. FB's earnings were stellar, which followed up on multiple quarters of stellar. The are locking down Mobile in a big way.
if we see a breach of that support level, I'm an even bigger buyer at the 200DMA of $51.82, which would be a hugely compelling area to own for long term.
And FB hasnt even fully flexed their earnings power on the legacy platform. Not even close. Whatsapp and Instagram has not even been cracked open. Honestly, this is Google 5 years ago. Maybe bigger. Search helped Advertisers understand what was trending. FB, however, specifically outlines what people Like. They are in the early stages of monetization.
Honestly, this stock can easily pull back to $55 or $51 based on technical indicators. But long term, I think this story is extremely compelling. And the kicker, you have a genius like Steve Jobs, in Zuck, running this ship. On that alone I would buy shares.
$40's? Doubt it. Unless we have a major market correction. $55 support, or 200DMA near $51. If someone has dry powder, that is a place to place some bets in two traunches.
Because the stock is a predictive indicator. The price of the stock near $60 priced in these results. In essence, the earnings on the company need to catch up to the lofty valuaton. People assume the stock needs to catch up to the earnings. Not true.
I'm long and love love love this story. I think its a $80 by end of year, or early next. Maybe more. With that said, you have high growth names out of favor. You have a messy tape as of late. But in time the big boys will pay up for real growth. Google like growth 5 years ago. Apple like growth 5 years ago. FB is that name right now. They have massive scale and are only adding to that via Whatsapp (500 million subs) and Instagram (200 million subs). Hold steady
Not sure the stock is dead, just because there wasnt a rapid reaction to earnings. The fact remains, for real growth, a institutional investor will position way ahead for it. Thereafore, if $80-$100 is in the cards in a year or two, they will get on that train soon. You dont wait for the run, you position for it.
Steve Jobs focused on the same idea of "the experience" and it did pretty well for Apple. I think seeing the popularity of Instagram and the subscriber growth of WhatsApp to 500 million speaks to what this guy is after. He wants volume, he wants heads. And he wants to monetize that through a completely connected experience. Seeing how easily he transitioned to mobile, I wouldnt bet against him. Quite the opposite, I'm betting with him. It reminds me of when I owned AAPL with Steve Jobs at full cylinders. You just felt safe that the guy was going to pull off some great stuff.