in mind. Perhaps a panic selling spell to end this current move.
Like CAT down almost 2 after several days of lesser moves.
until they stumble - like AAPL - they are the value proposition for advertisers and defacto way to give companies a common platform for presence and thus B to C commerce.
Sentiment: Strong Buy
Could break it to flush the stops and drop below 90, thus FB may stall on AAPL rebound as some sell FB for AAPL.
Could be a move to new markets highs followed by drastic breakdown - be careful
FB 125 to 130 a good range to get out.
125, but would not rule out a push to 129 or 130, then sideways consolidation..
TTM eps is 2.61 for PE of 45 at 117.
33.5 based on 2016 fy 3.49Lowe estimates are absurd. $5 in is more reasonable than 4.52 based on what they are putting up - beats by 6.4% 9.6% 16.2% and recently 24.2%
140 target in 2017 is a PE of 28 @ $5. Worth 140 later this year based on growth rate!
you get an extrapolation to 130 now and rising, everything being equal.
But things are NOT equal since the beat lowers expected 2016 PE and earnings projecting to $5 in 2017.
Find another huge stable stock with this kind of growth and go buy it - oops NONE.
FB is a proxy for major mkt bottoms - each time it hits its 200dma and a bet the farm in calls when it breaks it.
Today some may take the quick money, but stock should gradually move into the 120's.
Short interest is scant at 27M shares - most probably covered in afterhours and rest will in first 15 mins!
Sentiment: Strong Buy
Looks like I will make over 2.5 times on my OTM calls - at the implied open!
I have doing this since listed option inception in 1974 - it's been a great living!
If I only lived in the west, my day would be over at 1 and could be on the course from 2 to 6.
buying May 6 out of the money calls to take some of the sting out of the premium and permit some settling time. PE will drop significantly and those who tout the high ratios will go away.
Growth in a bad market and bad economy if paramount, and FB has it.
Sentiment: Strong Buy
Again, you are right on sales falling in China, etc., but you are wrong about currency.
Falling currencies relative to the dollar are BAD, not GOOD for CAT for two reasons.
1 - if CAT sells in local currency, it take more local coin to make a dollar, thus revenues lower for CAT.
2 - if CAT sells in $ it takes the local buyer more local coins to pay for CAT equipment, thus less can afford to buy.
You are right that they buy data, but you are wrong on the closing price.
It closed at 79.74. Any chart service worth it's salt - such as Scottrade - will at least on a daily chart indicate that today the stock went ex-dividend.
Stock went ex-dividend - closed Wed at 79.74, div of .77 means adj close is 78.97
[if you buy or sell stocks, you should know this]
this the setup for the earnings report and the ever expected glowing forward looking statements from mgt.?
Will they explain how they will make up the Q1 drop in the rest of the year?
Are they relying on falling dollar?
Make it simple, just short it.
Sentiment: Strong Sell
Breaking hard thru 20dma - my first target 72
Have posted many times on CAT
Is your other comment praise or something else.
Always good to hear
views of others
until proven otherwise, FB is the best stock on the board.
I prefer seeing it drop to 100 then rally to new highs BEFORE earnings.
Then make sure you sell - not a good time of year to be holding anything after April.
Absolutely absurd that mgt says they can make up Q1 miss with rest of year.
They must take flights from Peoria to Denver a lot.
Any one who still believes what comes out of their mouths is the bigger fool.
Better bet - earnings alone will not cover div so they will use shareholder equity by borrowing or making a debt offering. The buyback pump of earnings is over, they have no more free cash.
Could see 40's in next sell-off
SPX and DJI are overbought on RSI - DJI twice in 6 days.
Something has to give and we are finally due for the pre-earnings sell down.
They are hoping on a falling dollar - it's the only way - now that's management!
But the dollar cannot fall enough to cover reality that deflation undermines any such 'gains'
Look at the EU today, even with 'improved business', prices are falling.
Take it for what it was - we had an amazing bounce where those that 'control' the markets made fortunes by running to extremes until the suckers were in and the stupid shorts bought back at the highs.
Now we go the other way ........................ gambling at its best
are overbought which is quite rare but has happened with more frequency in recent years.
However ALL instances have been turning points, whether overbought or oversold.
The DJI is especially overbought [RSI] for a second time in a matter of days apart.
It took some extra doing and end of qtr window-dressing to make shorts cove and 'convince' the public they were missing the train.
My preferred DJI short is CAT, according to dealers, they are panicking to dump product.
FB targets are 108, 105 and 100 depending on duration and severity of this move down.
Move up was overdone, and the move down may be as well - TWT
Why believe mgt, they continue to lie and mislead as they have in the past.
They whitewashed their Q1 miss by saying full year is unchanged.
But they give no explanation for this alchemy.
BUY PUTS HERE on this ridiculous JPM article - do not drink the Kool-aid - laced with hydraulic-fluid!
'fair value' as I see it is 60 to 63 - if they cover their div with eps.
Of course they will spend shareholder equity $ to buy shares and issue debt.
If things get worse worldwide, 40's are more likely with some negative earnings qtrs.!
look for them to follow markets for a little while as we 'prepare' for earnings season.
So far a lot of companies saying they will miss, especially apparel and oil.
Still there is the FANG group that defies gravity for good reason, good earnings prospects and real growth.
But, if advertisers start to reign-in online spending and searchers curtail looking for things to buy, there could be a nasty fallout.
My plan: when they dip I buy calls and get out before earnings announcements. Then buy a few puts.
Given the anticipated good results are priced in and FB moves up [possibly to new highs] prior to report, there is likely no where to go but down.
So puts, now, selling them 109 and down to 106 then out of all.
Then buy calls for rebound to possibly new highs.
It's a plan - and as always, subject to revision.