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We definitely broke through the $58 resistance and ready for next leg up!
Looking good for a stock thats been through some heavy manipulation. DOWJ is down, weak hands selling thinking this thing will pull back but there is still plenty of interest. I see another strong leg up prior to earnings.
Cool...investors using FB as a defensive play today! Outstanding!
Don't get comfortable Short's! TWTR slightly attached to thee DOWJ. We'll be green by closing!
We need to send Dow Chemical a Thank You card!
My two cents; if earnings continue to be good (so far so good) which support positive premarket numbers; I don't see hedges trying to short.
My son...Capt America...?
Been there done that...not with FB and not that much; 5k one time 3.8k another that I can remember off the top of my head. I Hate margin during those events....all the signs are a good, so I pour it on then some CEO says something he shouldn't have and I am left holding the bag!
"The Villagers...might they be;
"Florida's premier active adult retirement community,"
Those who watch "The Village" a 2004 American psychological thriller film or those who hang out at The Village and listen to the Irish indie folk band in Dublin?
No session today + positive comments from CNBC (Twtr gets the benefit of the doubt) on Friday AM concerning beinging over price but sceptically/cautiously still trading up. The hourly candle chart shows this going either way/dead even between buyers and sellers/indecision. It was Friday for last trading session and when you have a three day weekend you have a LOT of people pulling out early. We have a interesting cup and handle action here recently.RSI is on the high end but the Wm% is on the up out of over sold and looking good and the MACD is parallel...if the over all market is positive (but I don't know what we have to celebrate with earnings over and not a strong one at that) we could trade sideways tomorrow. And unless we have some positive PR I think we will pull back but unless we drop thru the support at $55 I don't see us having a strong correction til after earnings when we see IF the S@*# hits the fan or not.
$1.90; can we close above it!? It would surely bring some attention to this dorment status we've been in.
Better yet, Google Jim Cramer's " How to manipulate a stock. " or check it (link) out over on the twitter board.
Its been what's happening to FB for the last few weeks.
Ditto....
Yes, add that to the negative comments from CNBC analysis made about FB and the positive ones about twitter...sure it could have been the catalyst all along.
Have a great weekend....GO BRONCOS!
Yesterday I thought today's action might cause us to momentary dip below $56 and come back above $57.00. But then I saw the strength in the support level and decided to add to take advantage of this morning's jump.
Bad decision!
There was some action this am that made me stick around..another bad decision....then CNBC made their comment about giving TWTR "the benefit of the doubt" and I thought I better clear some things up but hesitated (another bad idea) and we dropped below $57.00.
So yes, I hate to admit I got off my game plan and went against my better judgment! This week was 1 step forward and two steps back.
I believe investors may use some tech stocks as a defensive play. So I diversified with some of our competitor.
I Concur! Good Post!
I usually don't go there...at least in the mid $60. If what I think is going to happen and considering the volatility of the market recently, a 10 to 15pt spike is not unlikely.
$57 is a good support level. Again I think this is in a range play with a 4pt either way. Wouldn't surprise me if we don't continue in this range until earnings.
News Flash "Senate passes 1 trillion dollar spending bill!"
Hopefully our parents in Washington know what they're doing!?
Sound have positive effect on the market tomorrow.
Two CNBC analysis, one for one against, the one against won the current battle but earnings will prove he surely lost the war. A momentum play afterwards for a short run in favor of shorts. Obviously short lived....covering in aft hours.
Another positive comment from CNBC analysis; basically, "I won't be in short position on FB!" IF YOU'RE A SHORT AND NOT WORRIED....YOU SHOULD BE!
"Are Facebook's revamped ads a Google killer?"
Article NY Times, Jim Wilson.....some good stuff!
I heard CNBC analysis use FB as illustration unlike yahoo we will see at the end of January (meaning earnings report) that our numbers cconcerning advertising will be impressive.
Also Jim Cramer was cut off from commenting on the exponential growth expected at earnings that he would need "an hour" to discuss it. He comments that he will talk about it tonight!
I'M adding!
Personally I hope we tank so i can buy another lot at the bottom then sell when we get to the top again a day or so later!
WHAT ARE YOU ALL DOING...BUYING AND THEN WATCH IT GO UP AND DOWN?
TRADE THIS THING AND TAKE YOUR PROFITS TO THE BANK!
FB don't care about you!
Forget this loyalty thing ....this buy and save reasoning ..buy and sell and do it again and again!
I read a similar article that states 25% of teens have left FB in the last three years. And the aritcle I read was aired via net approximately11am this morning. But what the results of 4thQ earnings report will show is that this didn't affect FB from satisfying the streets expectation in the past and doesn't affect future growth. THIS 25% GROUP blow like the wind from one fad social media to the next.....it will not affect us now or in the future!!!
"Veeva confirms loss of Genentech deal, says impact minimal05:10 PM ET • VEEVFollowing a column from SA author Suhail Partners reporting Veeva (VEEV) has lost Genentech as a cloud CRM software client, Veeva has confirmed its subscription agreement with Genentech expired last July.However, Veeva adds Genentech was at no point a top-20 customer over its last eight quarters, and doesn't think "the circumstances that led to the expiration of the Genentech Agreement are indicative of any trend among its customer base generally"
Alpha
"Pacific Crest said it is skeptical about reports that Veeva (VEEV) lost a client to Salesforce.com (CRM) given they have a non-compete and Salesforce.com has strong interest in the success of Veeva's platform."
I think Alpha says differently, I need to read the artcle again but u also can verify. Obviously Salesforce.com is Veev competitor and posed a threat and until it is confirmed one way or the other investors will were pulling out today. Especially since the slide we can't seem to manage.
Then again we've got real support bouncing there at the bottom of $57. If it doesn't drop, fall, crash (close) below that level we may have a new support level.
Most likely todays actions would simply be profit taking off the last run up from $56.
We're looking good either way...just taking alittle longer to get there.
I noticed last night we've accumulated a heavier short position recently. I believe what some were hugh buys were in all actuality short positions. This has been in a tight range play anyways for a number of days. Got tired watching it go up and down so I added alot $56 ish and sold 2 pts later around$58.50.
Everyone would like to see us break and close above $58 but then you just have to figure out the range all over again.
Its my DD we will continue in this range till earnings,, "IF" we have a good forecast....if not...you might ss well get use to it...figure out the range to trade in and make the best of it.
Anyone else notice that southern pike? I believe we caused someone to cover....and that was no small potatoes!
FB isn't going anywhere until we get a short squeeze! And those boys and girl's ain't covering til they get some convincing news! An earnings report that demonstrates past phenomenal growth, followed by a forecasts that's just as impressive! We are in a range play so just hang in there!
I concur! And I am just so tired of these self made analysis who say how unlikely it is for FB to beat the streets expectations for this coming 4thQ earnings/forecast.
101 stock trading illustration of a cup and handle. Who knows the day or hour that we rise up, but all the signs are evident for all to see.
Put your charts away for now...we have a new ball game...Positive Reaction to positive PR...so for now your trend is your friend till it isn't anymore.
Some major shorts are covering, others big hitter may follow..
Concerning 4 Qt earnings report I concur, expecially in the need for a strong forecast. I am not convinced that releasing results on the teens study wasn't in the cards. You know, putting all the cards on the table and deal with investors reaction now rather than later. Perhaps in a year we will look back on this and see that it was a savvy call after all, especially considering how close this disclosure was to Peter Theil's sell off. In fact, I'm not so sure the MM haven't recoup from that and are mirco-managing this baby more than we realize.
Sell off of the market today was to pay off last year's profit for tax purposes. Twitter game it's simply a defensive play
Hummmm ya homeboy we be up .036..we green..we be moving now...O yea..you go girl LOL
Awesome! Im adding at every opportunity!
Good call last week on sub $55 prices.