I saw the volume and used this as an opp to sell close to 39.25. It may go higher as someone might know something, but I think more downside than upside. Glad to be out of TEVA. That was a painful trade. Good Luck to u guys. Maybe there will be some good news but it could sell off and give back that gain.
we shall see....or will it give um some gains and close are 180...profit taking is important too.
"experimenting" hmmm. What do you think they are doing differently? Goog+ is better. Better search engine as well. Ebay/Froogle already to bid.
FB stock price does not change much based on your trades or mine. Institutions drove up price, now lets see if they sell into this as well.
I think Goldman has trimmed their position.
fair last week, we closed at 28, this week 27.50. Lets see close by next Friday.
FB is over bought, if technical trading were 100% accurate, wouldnt everyone be buying FB.
There are plenty of more sophisticated traders than us. Also, I could argue that a resolution of the "fiscal cliff" is priced into the market, and may sell off on the news. Sell off the news, hmmm could be a new concept. Resolving the fiscal cliff will still lead to higher taxes for the 2% so they will actually sell as much as they can this year to get a better tax rate.
I will go ahead and say we should be lower by next friday, based on news, etc. Lets see if the market is based on technicals or news.
Also if GOOG buys GRPN, will this be a negative for FB.
lets see Monday for direction. Last week friday price was pinned @ 28. This week 27.50.
However, we opened weak, tested 26's, resisted @ 27.80ish. Hard to tell yet which way we go.
GOOG and GRPN, does this bode as a negative for Facebook? updates about goog+ could really hurt FB? For FB to go higher it needs a catalyst? I also think if AAPL tanks it takes everything including FB and the kitchen sink with it.