heres why i think/thought this will take time,remember the oculous purchase and the whats ap last year,well those were made with fb stock and some of that which was co owned now will go into the mkt once the lock up is done
from nov i said rangebound and ive vacillated between a meaningful up leg late fall or 2016,this fcc issue is apparantly a big issue,i have no idea where this takes us,but todays volume is starting to mean something,here,i cant account for much else to drive this 10 percent a few days time,tomorows options may tell us something as a close over 80 would be big and under puts us back and the range is still intact post good news.im happy to be wrong,but we still have not really broken the range...yet.
because of the separate class of shares for zuck theres no reason for a buyback,mgt has yet to prove they are shareholder friendly
at this point i have no fing clue,i woke up thinking about selling at least some and by 9.30 when i saw it didnt plunge even though it was down,a few pms with steve and my mind was changed
too much supply of stock its that simple,the ipo issues too much,great for zuck and co but for retail folk not so great
cash go back to last fall when many were calling for a 100 by years end and jan call options over 90 were ridiculous in volume,remember we have had an earnings report,im curious how short term bulls explain that away,longterm bulls simply point out the obvious of stock supply
my money is on csco and if theres another really good earnings report ,i wont be shocked to see a buyout towards the holidays.
im in fo most of my shares at 24,but my last 200 are at 80,id like to get fully profitible,but until this breaks 80 on big volume any move there its suspect.
good call for this am,im still confused guidence was pretty mediocre,hence the selloff after hrs,so whats the reason for the rise today,the potential buyout,co sandbagging
we are mos from digesting all the shares,the anchor is the oculus and other purchases shares,until they are absorbed the stock goes nowhere
theres no reason for the avg holder to do anything, in year or so we will be higher,the next several mos will be a waste as traders back and fill and deal with the massive supply of stock in the mkt
heres why you may be wrong,2 incredibly good eanings report and the stock did nothing or dropped,theres a real valuation issue and it will take time to work through and dont forget we have more stock coming to market when the oculous folks lock up ends as well as other puchases paid for by fb stock,i love fb and have since 24,but we are in for a long pause here