With sales being down so much you wonder if there had been some channel stuffing. Certainly not looking positive.
When FB didn't close above 60 yesterday this may be a new lower high in the trend. Appears that it will move lower again today if that is the case. Will see how it plays out but it sure has responded strongly to the upside on good news.
They did speak. Keeping it under 60 for now. Some of the other momo plays took a kicking again though.
SPLK, DATA, ULTI. So the good news had no lasting affect. Acted out on script.
Lots of hype with thought of opening office in China. CITIGROUP sharing that the pullback in internet companies is a buying opportunity with FB being their number 1 pick. They are not buying yet. Still think you will not see a run up in FB yet because the big money shorts have to get out first. I may be totally wrong and they have been covering last week and yesterday. Waiting to see it close above 62 or will continue to buy, sell and short between 55 and 62 or maybe this is a lower high at 60. The big or smart or FED money or whatever you want to call it will tell us. GLTA
Earnings blow past estimates, stock down nearly 20% from high and you have upgrades galore. What does FB do? Down and down. Obviously they were short. Folks( we who do not move stocks) saying that they will beat and it will go right by 72. Well the folks with the money move the stock not us. They have spoken. Until they get their shorts covered you can forget about FB taking off. You hear about the short squeezes. It is not the big money people that get squeezed when they are short. So be patient. They will get long again. When? I have no idea when they will be covered. It may not even take place in the next quarter. GLTA
FB appears to be in a trading range at present. It appears the range may be 55 - 60. I went short at 59.40. Lately it moves down most afternoons. We will see what today brings. It moved up on light volume and has consolidated between 59 and 59.40 with a downward bias. The big boys decide and we go along for the ride.
One has to be careful they are in the correct car as they can make quick U turns.. GLTA
Not going to work. LNKD will continue to make lower highs and lower lows. The folks that ran this up have made their millions and in some cases a billion. Many will not be back. Others are short. They did not even make money this quarter. Sure their revenue increased but profits didn't. Only the government gets to spend more than they bring in. For the rest they pull the plug and take your home and your business. They do this when business's are making money. Or they have to do is say that we will not renew your operating loan. I know many good men, yes men that gave many dollars to their community that lost their homes and business's when the banks would not renew their operating loans. I could go on and on regarding where the QE money went.
Yes and they are keeping to their schedule. Moved over 61 and a nice move down under 60.50.
They have done the same today. FB blew out earnings yet it went down. Tells me the big boys are short FB. They will need to cover before this takes off again. Goodness even TWTR is up today. Full disclosure. I covered my short this morning. Do your own due diligence but I purchased DATA this morning when they pulled the bids. DATA comes out with earnings Monday after close. It is a momo play so do your due diligence. I have a few dollars to play with so I will probably sell some on Monday before the close. Good luck to all.
There is no earthy way this stock is worth 100 dollars. They made money a year ago. Must be some big money long that needs to sell to some shorts covering. We will see a bunch of collusion between brokers to help each other out with this loser. It is becoming ridiculous. Are they just giving certain amounts of the QE to keep these companies afloat. If they can do it for the financial institutions they can do it for these companies. OPPS! The financial institutions own these companies.
CNP beat by 12 cents. We are not talking about a company that the consensus was 1.35 and they made 1.45 and raised projections for next year. This stock if priced at 65 goes up 3 points. We are talking about a company that beat the consensus of 31 cents with earnings of 43 cents and raises projected earnings. The result is the stock is down.
One surprise is the briefing report and the RTT news report. Briefing identifies the huge beat and RTT compares it to last years earnings for the first quarter which was much more than this years quarter. The big beat was because analysts had put earnings so low. Granted a beat is a beat and hard to understand if they thought the stock was worth 49 making 82 cents and they made 1.46 that it would drop at all. Stocks that do not trade a lot of shares on a daily basis are far more easily manipulated.
Must be more to it. It is dropping like a rock. It is down over 5% with this incredible beat. Obviously missing something here. Maybe someone can explain without being too cynical.
If TWTR is 38 then FB should be 238. They are taking money out of TWTR and putting it in FB. Reality is that they are making money. TWTR lost more money.