seriously? When has Jim Cramer ever told the truth. I bet he was long on twitter. Does this every single time. Wait for Mad Money.... Buy Twitter, next revolutionary stock. Buy, buy, buy
Cramer needs to go away
I would suggest looking into a closer to the money call. The issue you are going to have, is the negative perception of the market as a whole. If it was the attitude of three months ago and Facebook posted great earnings, they would rise about 10-14%. Which would be a great buy. You are most likely not going to get that. Facebook will produce good earnings. But overall sentiment in the market is negative which will only push this to maybe 5-7%.
I would suggest buying a month out or June calls. You are too close to earnings.
Although the market has been horrible. It is still following the old pattern.
I will however have to change my estimate for after earnings. Because of the current market sentiment, I believe Facebook will only be up about 5-7% after earnings
Facebook fell about the same level as it did before earnings last time around 11-12% then popped up about 3-4% which is where it is now. If these levels do not hold it should retrace again to around 57.60-58.80 the day of earnings.
If earnings are good and this is in the range i specified, the stock should be about $67.50 the day after earnings.
Obviously these levels could be off by a few dollars, or it may not follow the same pattern, but I am expecting at least a 10-15% gain after the report
you see 62?
I guess it depends on where it is the day of earnings.
I say an easy 5-7 dollar gap up on earnings and possibly 9-12
Sat at my desk laughing for quite some time after that.
I still cant believe people are following this #$%$ company and thinking it is worth something.
Whatsapp is worth more than twitter
I was actually predicting down. Wanted it to go up though
Off by about 15 minutes on the time
following similar pattern to yesterday. May go in the opposite direction though.