The future of this company will easily bring this in to view. If you like me have a core position in FACEBOOK, the risk is so low in to the future it is actually fading. Rewards are ahead.....it will take time of course
Facebook is a Core Holding for any intelligent investor.
It is not rising on short covering, it's rising on buyers. The same case applied to Apple. It gathered its momentum at 78/share and ran over 700/share. This too was NOT short covering simply buyers!! Facebook could very well see the same trend in a few years. This is not old technology rather NEW technology. It's time has just begun. Mark this post, I dare you!
72 support..maybe 73 support by the close..the techs are in a waiting state due to geopolitical noise. Anything positive out of Russia was evident today in the DOW.. FB is going to 80+ next
it's mainly short covering..this always precedes a reversal..will it reverse, we need more time to see.
short squeezes as seen yesterday for TWTR do not represent great growth for its quarterly ER. It's just panic covering with absence of buying if you crunch the buy/sell ratio. Not surprised to see that downgrade. This will pave the way for FB to go to 80.
Let them compare TWTR now with FB after its report..might see a pop to 75 AH
* Option Alert: Facebook Aug $75 Call; 29,000 Contracts Traded at Ask @$2.26; Currently $75.24
Hope this answers your question!!
Facebook (NASDAQ: FB) got plenty of buzz for itself last week when an ad appeared briefly on its Instagram service for a so-far non-existent Facebook app called Bolt that would offer competition to the mighty Snapchat.
Snapchat rejected a $3 billion offer from Facebook last year, and it's widely assumed Facebook seeks a competitive product offering. But SunTrust's Robert Peck focused instead on the advertisement itself.
"The ad unit is the most intriguing aspect of the report," Peck said.
It was a so-called app install ad -- a click-and-buy format that so far hasn't run on Instagram. Adding them will contribute $500 million in annual revenue to Facebook, Peck calculated.
Whether or not Bolt is a real app, or merely a test of app install advertising on Instagram, Peck thinks it's inevitable that Facebook will roll out the format on Instagram. Twitter launched the format on its service last month.
Facebook acquired Instagram in 2012 for $1 billion , and so far, the mobile photo-sharing service has carried only limited brand-type advertising.
Mobile app install advertising is potentially more lucrative. The ads enable users to buy apps directly from the likes of Apple and Google.
Facebook itself has been running app install ads since 2012 and Peck said they've "contributed greatly" to its $5.1 billion of mobile advertising revenue in the past year.
Facebook was nearly unchanged Monday afternoon at $75.07 per share.
An Intraday gap up is not a long term bullish flag. Stretch the weeks out and you'll get a better understanding of the trend.
the indices going below -150 and -36 - Dow and NAZ...yet FB holds on to a possible 75 pin. Any index reversal could surprise the option PUT players.
Still need to see volume here..15mil is soft at 10:24am