I did think that wall street was buying today so I think they move it up so they can get out with a profit. We will see.
Guidance has revenue below estimates and earnings in line. Not good for a company losing money. Wall street will decide what they want to do.
The big brokerages play a lot of different games. They call them games while others call it manipulation. One never really knows until after the fact.
Still short. Waiting to see if they sell the market in the last hour. News for market not good, yet that doesn't seem to matter. Market still near all time highs.
Has been some profit taking here during lunch time. Earnings will be interesting. Personally thinking they will beat with all the cyber attacks but we will know for sure in a little over 2 1/2 hours. GLTA
It will not be the normal huge profits from doing business as this was negotiated via AAPL. We know who comes out ahead in this. Remember GTAT?
If it breaks thru this area after hours as a result of better earnings and good guidance we could see it move back up like DATA, SPLK.
As much as I like FB long term of which I hold long term, it is still a great trader. I am short here at 76.65. Think this is a little much today and the longs will take profits.
Be patient. Looking for higher prices by the end of the year. It could go down more yet. Before earnings in April it will be above 80. If the brokerages want it before then they will do it. Company continues to grow. Believe this company is more like GOOG. April of 2004 GOOG was 75. 2014 GOOG 600. FB may be higher than that in 10 years.
HAL announces big lay-offs world wide.
Wow this is brutal.
Jonnny I have been short from 78 and am looking for a nice little move down in the market and a bigger move down in FB.
Sold here at 51. May go higher but I do not trust the rigging business at this time. Reminds me of the coal companies that folks kept buying after they had tumbled a bunch. They consolidated only to fall much further. Yes some of these companies down the road will still be in business and doing well.
After earnings this is how the big money plays FB. Short and option plays. If you are long you are losing some capital.
Bought some more at 49.45. They have dropped this significantly on yesterday's news. This was an orchestrated drop by shorts and I think that they will take some large profits.
Not funny for folks long. I think that this is overdone today. Bought at 50.20 for a trade. I would agree that they are manipulators so for that reason this is just a trade. They could take it much lower yet.