if 505 does not hold then will be looking at 450...
This gift thing is been going on for a while as many of you know. The only thing new is manipulation by GS . They already made a bunddle this morning on the back of retail investors. GS corrupted to the core.
Major support at 27.94. if goes through that the next support at 26.30. It is also overbought. Also the report after extended markets closed today about the CEO exaggerating number of mobile users will be a catalyst. Of course the whole market may also begging a much needed correction after nearly 5% gains in a week.
Glad to see that at least you don't dispute the accuracy of Cmgmisty's numbers. And I did check the yahoo finance site and looked at some SEC fillings and those are 100% accurate numbers.
But you say this is small percentage of ownership? If true (I checked yahoo finance site and it shows exact numbers) then this is the largest percentage of the float (1.32 billion) or even shares outstanding (2.17 billion) in the shortest period of time I have ever seen (and I have been doing this over a couple of decades).
253 million shares sold by insiders (vs only negligible 47846 shares purchased...eventhough price even dropped to around $17 at one time and yet practically no insider bought any shares) represents almost 20% of the float. This is a huge number and almost represents near capitulation by many insiders with first hand knowledge of the companies finances and potential.
Somehow this huge insider selling was under the radar and was not noticed partly because company was able to change the subject to monitizing issues all the while they MZ was even exaggerating the number of mobile users.
Would you give any company a vote of confidence if within months from the ipo the insiders sold sold over 253 million shares , representing nearly 20% of the float, while NOT PURCHASING any shares (unless you ant to consider 47846 shares significant).
Remember, insiders know more than Cramer or anyone else out there about the company's finances, potential, etc etc. and those same insiders have been very busy SELLING, including MZ himself to the tune of 36000,000 shares.
Lets don't stick our heads in the sand and call this small!!! This is the largest percentage of float sold by insiders post IPO that I have ever seen or heard (except in late 1990's, and just before the 2000 tech crash, there were some fake/shell dotcoms with zero to a handful of employees).
This is BIG no matter how you cut it.
Sentiment: Strong Sell
Why isn't this pos sinking pre-market?
Nobody will buy this damaged name with tons of potential liabilities. Shareholders will wait till tomorrow's open to see if there is news. If not they openly will talk of filling lawsuits early tomorrow morning.
which one/ 540 OR 550? LOL!!!!
I checked and next resistance is around 540 to 700!!!
and that is the way it will be.
two reports released this morning by PIPER and MS. See yahoo for reports.
He burned many on his second biggest, AMZN, and now on his third biggest, LNKD. His #1, CRM, and favorite, PCLN, will prove the same? Even his best performer, AAPL, is back up within days.
He is not that smart is he? And what about the crash? May be he meant himself and he is right now crashed somewhere puking.
Very important clause that say much about intentions behind this agreement. thanks.
Sentiment: Strong Buy
He was dumb enough to post a piece about how he had a hit and run accident and that he was not caught. Well somebody reported that and the police showed up and landed him in jail (see yahoo news).
We are finding out more and more people running into problems with their Facebook account including many colleges and potential employers that have refused folks based on reviewing their Facebook account about the candidate and even his/her friends.
This privacy issue may become a bigger and bigger concern.
Sentiment: Strong Sell
We've already seen the high of the day. Will gradually move back down from here and most likely will close in red specially that it usually follows AAPL.