Whilst the broader indexes saw moderate weakness, Facebook (FB) built solid gains, settling +4% @ $48.62. The recent break of the neckline - of an apparent H/S formation, has turned out to be a clear failed bearish move. Today's strong closing gain fully negates the initial break.Summary
*first, a reminder on the H/S idea...which is now to be trashed.The above outlook was a very valid formation just over a week ago, with the break below the neckline into the $44s...downside to $35 was very viable.
Yet, it would seem Mr Market can't resist the FB, and the low $50s now look a given before year end.
FB in early 2014
The real big issue now is what will FB earnings be in January? Q3 earnings were good, with an AH spike into the $56s, but the market simply sold into those good numbers.
Can FB soar into the 60s by early February..if earnings continue to be good?
Assuming the market holds 'broadly' together..including the next debt ceiling/budget issues in Jan/Feb, it would seem more than likely that FB will be breaking new upside territory in early 2014.
a bunch of sheep. TLSA rocks on from here without all the losers who sold today. Idiots
Goldman does the opposite of what they tell the street. Look at level 2. They are buying heavily.
an over reaction anbd a buying opportunity. TLSA wiil cut this loss in half by EOD.
Sentiment: Strong Buy
until then I'm short!
short squeeze margin calls from Friday artificially pushing the price up. It will end soon. Price of gas is plummeting. Auto sales are week. Economy sucks. No jobs. Housing recovery is over. No more refi's. Earnings estimates have to come down.
Sentiment: Strong Buy
Posted by Logan Wallace on Oct 4th, 2013 // No Comments
Tesla Motors Inc. logoTesla Motors (NASDAQ:TSLA) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, Stock Ratings Network reports. The firm currently has a $194.40 price objective on the stock. Zacks‘ target price would indicate a potential upside of 12.17% from the company’s current price
Sentiment: Strong Buy
The company that has become synonymous with the electric car revolution hit a speed bump on Tuesday when video of a fiery accident went viral. The incident occurred early in the morning, outside Seattle, Washington, when a Model S struck a piece of metal debris on the highway.
Apparently, the metal punctured a hole in the large battery pack. The car issued a warning to the driver, recommending he pull over, before the fire began, according to Tesla Motors. The driver was able to park safely and call for help before anything dramatic occurred. No one was injured.
Tesla explains that the car performed as designed by isolating the fire exposure to just a portion of the battery pack, which is divided into 16 isolated sections. Each section essentially acts as a fire break, prohibiting fire from spreading. The fire remained to the front of the car, and Tesla explains that there is no indication that flames entered the cabin. The fire department extinguished the fire. Based on media reports, water was initially used before the response team realized it was a chemical fire.
This incident has spawned hundreds of news reports and even impacted stock value. But how rare is it? Pretty darn uncommon.
So far, Tesla Motors has sold over 13,000 Model S electric cars, which have logged 83 million miles in consumer hands. That’s over 6,000 miles per car on average. This is the only such fire that has been reported.
The Highway Loss Data Institute tracks myriad vehicle woes, but not fires. Their latest data shows the average for the 2010 to 2012 model years for non-crash related fires is 0.1 per 1,000 insured vehicle miles, or 5,600 total claims. (An insured vehicle year is one vehicle insured for one year.) A rough extrapolation puts Tesla’s rate at below that average, assuming on average their 13,000 cars have been around for one year. (Predictably, due to the government shutdown, the National Highway Traffic Safety Administration did not answer queries for fire-related data by our deadline.)
By traditional measures, the Model S is quite a safe car. Just as the top-scoring Model S had distinct advantages in our road test program by being an electric car (noise, fuel economy, etc.), the car’s design gives it an edge in crash tests, as well. Up front, there is no engine to manage in a crash, just crumple space. Likewise, at the rear, there is no fuel tank. The electric motor is only about a foot in diameter, and the battery pack is centrally located.
The American car company recently achieved 5-star safety ratings in the front, side, and side pole crash tests and rollover evaluation conducted by the National Highway Traffic Safety Administration. And this isn’t just a rounded-up score, as is common; the Model S genuinely aced every main test and subtest. (Learn more about government and insurance industry tests in "Crash Test 101.")
We had our own, uh, experience with the vehicle’s crash protection last month with a run-in involving a Toyota Corolla. The front-collision in an intersection, where the Corolla was at fault, marred the fascia and hood of our beloved test car. While we drove it from Washington, D.C., back to our facility in Connecticut, the Corolla had deployed its front air bags, belched fluid, and was towed away. The Tesla’s repair estimate came in at $5,500 for parts and $2,500 for labor, in line with what our shop expected on such a high-end car. Just as our mishap doesn’t provide a comprehensive view of the Model S’s safety, neither does the fiery event in Seattle. (Learn more about car safety.)
I find it interesting how alarmed the media gets over fires involving electric cars, as if they forget that gasoline cars are essentially mobile incendiary devices that carry a large volume of flammable liquid and operate based on spark and combustion. Fortunately, this seems to be an isolated incident.
We’ll remain vigilant in watching for safety concerns with the Model S and, indeed, all passenger vehicles, but there is no indication that this is a trend.
SORRY FOR THE TYPOS I HAVE A BOSS WHO'S ALWAYS LOOKING OVER MY SHOULDER.. F^cking #$%$! I'm trading so I can quit working for you. I like my job but you suck.. Your own sitter in law quit after 6 years. 28 yrs old making 100k and she gave it all up because she couldn't work for suck a jerk who believes he owns is employees. Fock you!!!!
I suspect a set up. The video was to clear. I wouldn't doubt someone involved had a big short position on the stock. GIVE ME THUNBS UP IF YOU THINK THIS WAS A SET UP!
Dallas, Texas, 09/26/2013 (ustrademedia) - Groupon Inc (NASDAQ:GRPN) is an interesting company and is based on an intelligent and innovative model. The idea behind the company’s business operations was first coined by its former CEO Andrew Mason. As of now, the company has about 40 million registered users from the 48 countries where Groupon provides its services and the figures are likely to grow few folds as the company acquired SideTour a few days back.
Recently the deals of the day company Groupon took over the entire business control of a company called SideTour. This company also follows another interesting model much in synchronous relationship to what Groupon follows. SideTour showcase a marketplace with the help of its website which allows an user of the SideTour website in conducting an extensive search related to finding out, booking and then showcase a few number of localized activities in the website which may be associated with any tours, travels etc. However, the detailed figures of the acquisition deal are yet to be disclosed by either of the companies.
“The addition of SideTour’s curated local experiences furthers our vision of Groupon as the go-to place for consumers to find just about anything, anywhere, anytime. By offering these highly personalized activities, tours and memorable things to do through Groupon, we can deliver even more fun ways for our customers to explore and discover the best local experiences” Commented Greg Rudin, General Manager of Groupon.
Groupon earlier hinted that the company has been targeting growth for the last few years and will continue to do so in the days to come. An official from Groupon in August also said that the company is looking forward to expansion and to achieve them it is evaluating a probable acquisition which may happen soon.
Groupon’s acquisition of SideTour is believed to become a huge hit in the years to come since both the business models complement each other in a big way.
to pick up groupon under $12
CRM is due for a breakout day. It been consolidating in the $49's since earnings 12 trading days ago. I'm looking for up 4% tomorrow.
or more based on the low volume. $55 PT
and they upped their guidance for the rest of 2013 and 2014 may I add.