are covering. Yestaerday may have been about some profit taking off a 23% move up. Lets hope. I added anotehr 2,000 shares this morning for my tradining acct.
Institutions are already all in. They may add a little, but they are fully alocated in my view.
This makes sense and we all hope for that outcome. However, they do not seem to care so far because once they have squeezed out the small players, then they will cut production and raise prices. I just hope they are feeling the pain and change strategy.
WS is waking up to that. So many posters here are wondering why FB isn't up on the earnings. Heck, FB had a 90PE going into earnings. For FB to be higher off the earnings, they had to do a lot more than what they posted. Its valuation can not be sustained forever. FB stock price has to catch up to what they are earnings today and tomorrow.
Aoo IO stocks in pre-market. I get VALE, they just now raised rates in a shocking move to 11.25% from 11%. Borh RIO and BHP down 97cents and 50cents respectively in pre-market on active trading.
Hopefully $9's hold. I made three trades in CLF in the last three days for some good gains against my other losses in CLF from a different acct, and I took another larger position again yesterday at $10.60. Do not want to see the prior gains disapear on a fall-back to $8. I hope what LG said in the CC puts a floor under CLF.
Not to worried yet. Volume was a little more than average. CLF sold down until it hit 10.22 and held that for 4 hours for balance of day.
I still think it was people getting out who were in around that level and jsut wanted out to be safe. It did not trade that bad off a 22% move yesterday on stellar volume and the fact all IO producers were down today, call it not bad.
you make your bets on that thesis, and I will make my bet on my thesis. Now we wait to see...
And this is what you are not seeing...
Soon enough the advertisers will realize this fact and not spend more money on FB ads in the way they have. WOULD YOU? Heck no.
Why does it have to be so darn hard for so many here to grasp that the promise of more revenues by advertising on FB may not be working as promised.
Volume in the AH yesterday and today is insane. In 30 years of investing I can not think of another time where so many people on WS came to the defense of a company in the way they have with FB. Are they trying to save face or preserve profits on their views or are they simply unable or unwilling to consider the alternative options, that FB is not the greatest or best thing ever to come to the stock markets?
Amazing to watch, Unsure how it ends.
There are massive (by a factor of 4 or 5 to 1 ratio) sell orders hitting CLF at $10.20 for the last 30 minutes. However, the other IO miners are not doing that great either, particularly interesting given X earnings. Regardless, CLF is coming off one heck of a day and may not be too much to worry about
The first inclination after a 22% pop yesterday is to assume some profit taking from those who were holding CLF from $8 - $11 who are going to be very happy to bail here arounf break even. The fed couls also tank the entire markets with its statement later today on QE.
Otherwise, it appears CLF has a plan the shorts are going to have to respect and this could restore the buying.
They have so much invested in this with no short positions to speak of and so much personal shame for touting this thing to the moon. Like I said over the past two weeks, slow and stupid money was buyinf FB since the mark down two weeks ago. Now there is so much pain felt by the longs I wonder if their motivation is
Very smart comment. Maybe this gives it a catalyst that was missing before.
I'll give it $40 on its own merits, but not long term. There is no way adv continue to spend like they have once they begin to access results from ad spend dollars. They jumoed on the bandwagon because they had to, because everyone else (their competition) was doing the same.
It will not take long for adv to realize the results are not what they expected (who actually buys something on FB / Social Media in general) or looks at ads? Plus, there is going to be competition to FB.
It isn't a matter that FB is a bad company, it was all about FB being richly valued for the growth they are having or will have into the future.
I still am in pain on my short position, but no where near the pain level that I had before this drop.
WS and retail was in love with FB, there was no one left to buy shares.
Did you not hear ballards comments when the markets went down last week? Do you not hear what WS traders continue to say, which is that the Feds will stay in the game no matter what if things do not improve or begin to fail? This is what most on WS continue to say every day.
WS believes the Feds are here no matter what, regardless of what happens to QE3. You are missing the larger picture which is the markets would not be where they are w/o support by the Feds, and the next version of QE, This is why they are not afraid.
this party end. EPS earnings over this and last qtr are largely from the massive buybacks and very little on rev growth but who the heck cares? Or so that seems to be the mantra.
IMF lowered global GDP three times lately. GS did the same for US outlook, as have many others, but no one cares. How can they keep this propped up? I just do not comprehend this. One day if real growth does not materialize, WS will get very angry and crash the entire Ponzi-scheme.
The Fed's are so afraid of letting go of QE it scares me.