this is not going to 85 mon,theres no reason at this point and worst of all the mpomo is totally broke after 6 mos of doing pretty little
fb in a sense is zuck checkbook,its about whether you believe he will do anything with all this currency.im a weak hold,would love to see an earnings report where there was positive stock movement,its now 3 in a row on the neg
what many investors are struggling with is the non response to earnings,fb has been pretty dormant now for several mos and there are reasons the spending on oculus whats ap and instagram,thats a lot of shares to be coming to mkt,i think this is the reason the chart is starting to flatten out
with all the 50 calls i think we see a total retracement tpo yesterdays close but mon a real runup,i hate weekly options and this is why
it look like there has been no follow through pre mk from after hrs,i think we pullback because of weekly options
cash nothing changed from yesterday ok but not great earnings,,in short we stay rangebound,give me a reason for movement either way.i still like this once the lock up are way behind us,in other words sometime 2016 once the lock up shares are digested
For you to be right the oculus,instageam and whatsap folks would have to dump the shares once lock up is upon them,i doubt that happens,i can see 78 which represents about a 10 percen drop from the high give or take,even though the trading range high is buck higher i expect range bound is the order of the day for a long while
back in the 95s,another few cents and some support should come in and support the trading range.
this little pullback is really healthy ,its classic tech analysis 101,id love another week or 2 of this before the next leg up.
i agree that this is very good longterm investment ,but the next year or so this isnt going far,simply between valuation and a large supply of stock coming to mkt over the next year or so ,its just not likely to see a real run
this co has to blow out qtrs with really good mgt conf calls for this to happen,if you assume we have a steep mkt selloff ,perhaps 2 between now and nov i dont see fb seeing 100.
the earning mo has slowed.mgt barely made things better and at times made things worse,hope im wrong but i think we slide,dont forget options come into play in the afternoon
this was not a great report,im not sure the bigboys come in on this til next week,if they come in,as a holding im actually seeing some doubt,and there appears to be 2 camps traders seem to love it but longer term folks seems to be having doubts or at least asking questions
dont think we see 50 but ive been saying a lot of churning over the next several mos ,this report has me thinking that we could belooking at far longer,but the days of momo are now over,finis
the valuation of this at 180 times earnings leaves zero room for error or miss on top of that theres a huge supply coming to mkt at some point wen the lock ups end.its no lomger a beloved groupie momo as its gone no where since the holidays,fb is now back to the upper end of the mos long trading range in the mid 82s,i think we head further south testing 80 thanks to options on fri,after we are stuck here for a lot of the rest of the year