No reason why we can't see this by Friday or sooner imo! Cramer just said shorts have been taking a beating on shorting naz large caps. Hello???? FB is in that number shorty!
November 25 intraday high was 99.27. It will revisit soon. It always sells off at $100 which leads me to believe some big boys have a sell program set up at that price. Today the selloff is probably the ex-dividend date is today. Not unusual for stocks to selloff on e x-div date. A good time to shop imo!
FB sells more beer than any other chain and has more variety and it does appeal to the low income folks that MCD would appeal to or families! They have their own fan club! Mostly young professionals! We will see $160 before we see $140 and that I guarantee!
People don't go there for the wings. Its the beer, atmosphere and being with friends that brings em in. NFL season is the reason now!
/////FBR & Co. initiates coverage for FACEBOOK INC with OUTPERFORM recommendation.
BY Investars Analyst Actions - public
— 7:10 AM ET 11/22/2013
On November 20, 2013 FBR & Co. initiated coverage for FACEBOOK INC (FB) with an OUTPERFORM recommendation.
thus far we haven't broken 135 support and have hit 136.28. I'm looking at 8/15 @135 and 8/7 at 132 support. Dammmm this sure should pop here! Unfortunately trading below the 50, 20 and 10 dma.