for the first time in a while the stock is acting in a way that makes sense,takr byrons tech updates as well as a broader mkt acting ok iinfn is also following
been involved with cos soros has invested in,most recently web md,he is not an activist and he usually doesnt stay long
one thing that might get a faster buyout is a drop in oil,making efficiany more important,oddly unless we have a very mild winter i dont see a major drop.i still see 6.50 by years end making for a huge return for the year
the stock flipped in a matter of seconds from down about 5 or 6 to up 5,unlike the slow rurn down thats just happened
im waiting for a test of 70 ,i think we get it,the mkt needs to correct and has lots of reasons to,i think we see the first wave of selling mid next week and anther after labor day i suspect that by the end of sept we get more stable fb assuming something meaningful on the sell side mkt wise 69-70-71 would be pretty fair price and certainly a run to 90 is possible by years end
ive had this for a while,its by far and away the most uninteresting position i own,i just cant seem to let it go i own at 22,havent gotten much.
tell me what the last week of aug and first 2 in sept look like for the mkt,i think we do go down some and that should at a min,test 3,it may hold or may not.
id nible here but this is a seasonably bad time of year,perhaps wait til end of sept when the mkt should be on safer grounds
wait til fall this rally is tepid on the volume side,alu did hold sort of,actually bullish short term i think it cracks though with a broader mkt sell off
its really too late,though i sold some yesterday,this likely tests 3 spoon and will head back north mid fall
in a cpl of weeks the last opp to buy down here will come to an end ,mkt selloff soon id bet fb holds 70 but if not so what,this will hit 100 or close to it unless something reall wacky happens either in our elextions or geopoliticly,buying down here is just fine on fb
Sentiment: Strong Buy
theres been a 6 month mkt time correction where the mkt does nothing,alu is in a peverse way a momo stock,thats been broken look at the charts,this is not cominmg back anytime soon,its goiong to take a series of very good earnings reports to get this moving again,certainly a test of 3 is now possible,within the next month once the overall mkt has its final big selloff for the year and we get to the fall and holday rallys.wont be shocked if 3.30 is breached today once the broader selloff gets going this afternoon