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Guys, go to the FINRA website and check out the volume of shares traded yesterday on FB stock in dark pool trading. As you may heard on the news, FINRA is now posting dark pool trading volume on their website in order to provide market transparency. Yesterday FB traded 23 million shares in dark pool!!!!
It's no wonder volume has been rock bottom. Select ATS Transparency data, then click the detail icon to display the number of shares traded by market maker book. Link: https://ats.finra.org
The gigs up. Buyers are in the stock, institutional owners trying to accumulate under the radar!
Can this volume get any lower?
John- You think we will fill the small gap at 61.35? What's your take on the low volume? FB is moving higher although on progressively lower and lower volume as each day passes.
good luck with that!
The technicals are starting to look real good now.
I think we are going to have a clean close above the 50 day MA.
thank you for the chart my friend. Tomorrow is key. If we are up tomorrow and remain positive at the close, I believe we may have finally broken this long period of consolidation.
You have almost seven weeks of tight range trading. This stock is wound tight!
Did we finally break the descending triangle today? I do not have any decent charting software and todays HOD is very close to the upper trend line.
If anyone has a chart, please post it here.
61.20 is next resistance level, although 60.50 ish is somewhere above triangle upper trend line.
Did someone hack your account?
You're always negative FB. What gives?
This is actually one occasion where I would expect you to be bearish. Descending wedge. Yes, lower range of wedge holding a good floor, although multiple weeks of lower highs and decreased volume. All it will take is one strong day of negative selling to snap that level of support.
We would need a strong tech rally either monday or tuesday to break out of this pattern to the upside.
No one here is more bullish FB (check my prior posts) although next week is going to be a nail biter!
I see the hammer. What about the descending wedge? I'm a little concerned with that chart formation.
I'll take the 0.20's all day long. Back the truck up boys!!
she's taking a beating here in the last hour...
your momentum index is similar to the RSI index? Assuming 30-70 is the index range?
let's see what happens after lunch...always a dip around the noontime hour
ahhh yes...are we about to break support at 0.30?
It's been quite some time since we've seen these levels.
I use E-trade Pro. I'll check to see if they have a similar index. Thanks for the tip and info.
John- What is this intraday momemtum index that you are using to time entrance and exit points intraday? It seems like it's working for you. What platform are you using and where do you get the indicator from?
The market value of TWTR is right around 20 Bn now. About the same price as the whatsapp acquisition.
Anyone propose an acquisition of Twitter?
I say let it die a slow death...
Correction Mav, 1800 shares traded!
yeah I'm keeping my eye on that gap too.. it looked like it was going to be filled this morning.
yup. TWTR has been up largely all day too. I dont understand that garbage, other than traders riding small patches of momemtum to scalp a few bucks. No long term holders in that name...
Holding up relatively well considering major momo's like LNKD getting wacked today. Down almost 5.5%
i would prefer it get filled sooner rather than later. FB seeing some healthy action as of late
I think we have a small gap to fill according to my estimations at $59.72 ???
Does anyone have a different figure in mind?
You nailed it brother!
Well said.
the carberator is starving for air..
Same here. I spent close to 10k on June 75 calls.
They are smoked, might as well bury them in the back yard now.
We should have been near 70 after the CC last night. That would have given me 2 more months for contracts to mature and exceed the strike price. My estimates were we would be trading around $80 in June. I own 50 of these now pieces of shit! 50 x $5 per contract = $25K
I think everyone on this board would agree that my projection was pretty fair.
What happens, blockbuster ER and the stock goes flat.
I'm tired of this rigged market. Tired of guessing...
True. On the Bloomberg terminal right next to our EPS beat is a headline flash about the CFO stepping down.
That will spook any stock regardless of the strength in their earnings.
Agreed this dipshit Ebersman needs to step down. I was watching the Level II screen during the CC and every time he opened his mouth, the stock went south.
hopefully you're right.
I personally have not seen this before. One of two things:
(1) There's a black cloud that continues to hang over this stock keeping the price down or
(2) All the good news is already priced in the stock.
The second does not make any sense b/c we are still about 15 percent off the 52 week high. In theory we should have taken back half of this on earnings day before legging up over the following weeks.
volume is too light. Should be around 130 mil shares traded on earnings day. Right now we are sitting on 96 mil.
At this point, all that can be hoped for is that we see numerous analysts upgrades tomorrow and the hedges start to flow back in.
The street is way too greedy. With numbers like this, we should be popping the cork on a bottle right now!
There's something holding this stock back. Cant figure out what the hell is going on. With numbers like these, we should be having a 10 percent pop!
This is natural. The previous two earnings annoucements the stock pulled back approx 4% over a three day period leading up. Traders merely closing positions until they recieve a confimation signal after 4pm. I'm suprised our pull back has not been larger, but i'm ok with just 2% pullback prior to ER. Sign of a healty stock.
I'm still thinking we will be at 61.22 pre-earnings, with a 14% pop to $69.53
Agreed. Not particularly thrilled about being lumped within the penny pump and dump community.
Yes, quite the surprise with the California numbers!
And just think, over the last 10 months we were writing off the production numbers in CA, focusing largely on KY production. The whole time those wells were quietly pumping in the background.
When both CA and KY are built out, we are looking at some serious revenue.
Not to mention with production numbers like this, Daybreak can obtain future financing at more attractive rates.
Great news all the way around!
I hope you're not overly attached to the 20K in your short position, becuase you will loose every bit of it over the upcoming weeks.
Your dead wrong on multiple levels.
NFLX has certainly given us the "risk-on" trade for tomorrow.
Good volume this morning pre-market.
Who were the insiders? I wasn't tracking any insiders purchasing shares?
I'm still sticking with my estimates of FB trading around 61.22 before earnings. I just don't see us hitting the 64-65 mark before then, too much negative sentiment keeps bubbling to the surface from various tech companies. This will however continue to create pent up demand for FB shares that will ultimately explode during earnings. I see that 14% pop very easily,,,
We are paying the price in AH trading on Google's earnings miss. Our gains for the day were just zapped. Now the only question is whether GOOG will drag the tech sector down tomorrow?