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Ditto...behaving like a champ! The last major corection - we tanked hard. This time resistant levels have actually slowed this thing down; even though we have a gap that should/could be filled.
If this is the beginning of the major correction conservative analysis are fearing it could mean % 15-% 20.
You beatcha dog-gone-it!
Today is the day everybody pisses on the market and large cap stocks especially, for the over all health of things so we can have a little more time before the big one.
Otherwise..its to Davey Jones Locker with ya!
Amazing with the over all market sell-off that FB isn't being slapped down to $72 by now.
S&P needs to hold out at 1950....and we're already passed that!
We're on the way back
Consolidation Phase! I have such a captive audience. :(
EU readying additional sanctions against Russia which no doubt will rub the global economy in a bad way.
If it causes the treasuries to rise and we have bad GDP numbers Wednesday..well you figure it out!
I think investors are concerned about the suspected or in this situation infamous GDP report. So far I haven't heard a respected analysis suggest that it's nothing to worry about.
If its acceptable: "Too The Moon Alice!"
I guess it was my turn to get lucky...I couldn't see this consolidation everyone was talking about...the last two candles combination with $$ vol didn't look promising, the buys were not there Friday and most of all Jim Cramer was pushing this thing. I can give 50 k reasons why I am cautious of CNBC.
Ditto
GDP report is Wednesday and it's results could have a major impact on the market. I plan on adding for day trades on Monday and Tuesday but Wednesday will have to prove itself.
It is of great concern that we have positive numbersfor this report! We don't and MM's will have a pork fest with these high volitility stocks. FB will be no exception.
Wonder if most of these people will still be praising Jim C when this stock drops 3 to 5 points to fill in this gap? If we rise another 3 points before it happens its going to be a tough pill to swallow.
The Gap: Not a clothing store, nothing to window shop procrastinate and think about. We just need to on down there and buy it/get-er-done!
The Gap for FB is not a clothing store...we need to take care of business before we do anything else. I'd much rather fill it now than later!
Great scott what happen...anyone figure the bottom to all this?
Party's fizzling out...I believe we retract to $72 maybe $71 if we're lucky before the next leg up.
I took 14 pt profit just now also
I'm still thinking we're going to pull back and fill this mornings gap
Short's starting to rear their heads...are we going to attempt to short this monster before $80?
The very reason I took half off the table...nothing goes straight up with out some pull back some where of a substantial amount. I believe it will be at $80-$81.
But will we fill the lower gap of $69??
Ditto...took half off the table yesterday also. That's a point lower than today but its money in the bank! There will be some big time profit taking in a day or so andmy op to add.
Most likely the price range (low $70) will ride out the day til somebody hears something.
I'll probably kick myself but I took what profits I wanted yesterday. I'm riding the rest of it and will add on the next dip. Be my luck the next dip will be in the 80's after today.
Really doesn't matter if we close down today...if numbers/forecast are as good as expected tomorrow this thing will experience a 5 point pop in a split second.
Mimicking last quarter trade action. And we say hind sight is 20-20...
We could easily pop to $80 before we pull back.
Since March we have been developing a cup and handle. If numbers are "WoW" and the forecast beyond iur wildest dreams we are going to pop big time.
If we cont to fight the trend today there must be some great news coming aft the bell Wed!
Bounce .....this changes everything. ?...would fb be used for communications for such an occasion? If the over all market recoups this (fb) may snap back and rocket ahead...all very interesting. ?..
The Trend is our friend. Will have to re-figure exit strategy.
Sold @ $8.22 for +22% profit. Came late in the game.
Are we going to break this resistance level today?
Awesome! And to think I own them both!
Not today! Crap....Crap....Crap crap crap!
And we got the safety award! That ought to count for something!? :/
Wonderful change in the trend convinced me to add at premarket at $63.10 .25 cents off yesterday's consideration but hay, Better Late Than Never!
Trend is very broken...this isn't the bottom. I think we cont thru 50 ma tomorrow.
Fundamentals are the catalyst...and under current global conditions the futures are looking pretty good.
Thanks!
Market likes FB improving market with China !
"Instagram gives Facebook a Chinese openingYesterday 07:16 PM ET • FBThough Facebook's (FB) core site and apps largely remain blocked in China, Instagram has been growing rapidly in the Middle Kingdom. The photo-sharing platform's iOS app is now ranked #66 in the Chinese App Store, and a number of Chinese celebrities have 100K+ followers for their Instagram accounts (largely from within China).The widespread use of Instagram with the Weibo (WB) microblogging platform (129M MAUs) has fueled much of the growth. Instagram has added a Weibo sharing option for its apps, and its pictures are often used by Weibo posters to cover major events.Bloomberg reported in May Facebook is taking steps to open a Chinese ad sales office, but there aren't any signs its core services will soon be given a green light. WhatsApp isn't blocked, but it faces an uphill battle wresting Chinese share from Tencent's WeChat."