Looks like the reason it had dropped was because insiders were unloading and once they stopped selling the shares rallied back up again. There were more sellers then buyers at the time due to large quantities being unloaded. Most likely now FB will go back to where it started off dropping from which is low 130's.
The guy on the previous page looks right, the rewarding play is short. Think this could be below 108 though...and still be in up channel. It took all this time to make back the gap-down from last ER. Where FB warned of slowdown in growth. I think the slowdown is still a factor, and not looking for the masses to all of a sudden switch perspective and realize it's not a problem.
Smart investors are selling and shorting Facebook Inc (NASDAQ:FB) shares today on the back of an upgrad by Raymond James to strong buy. What most investors do not know is that upgrades usually come from emotional analysts who see a stock surging for weeks and feel they missed the party. This is what Facebook stock has done and likely triggered with the analyst. Their emotion usually marks the beginning of the end for a stock run. This happened on Apple years ago when it was trading at $700 and more recently on Amazon when it was trading near $850. Both stocks collapsed after the upgrades. The stock is higher today and usually is the first and possibly second day after an upgrade because the upgrade gets weak minded investors to follow. Analysts are much like the Pied Piper of stocks, getting the little investor rats to follow to their financial deaths. The upgrade today coincides with mega resistance levels being tagged. First, the gap was filled on the daily stock chart from the last earnings announcement. This is where Facebook Inc collasped sharply after reporting ad revenue slowdown. Next, there is an upsloping trend line stretching back to May 2016. The trend line passes perfectly through key pivots. Facebook Inc is now almost hitting it. The short level is anything around $130. Watch this stock stall out next week and begin its decline, culminating with an earnings sharp sell.
NY Times article, based on courtroom testimony https://www.nytimes.com/2017/01/17/...ulus-trial-virtual-reality-facebook.html?_r=0 His own testimony, before a judge. As for the cost of Oculus, which was reported at $2B, it's actually more like $3B because they had to throw in another $700M for employee retention, which they did not include (and did not have to legally include) Mark Zuckerberg: cold-blooded
Hugo Barra is swapping China for Facebook. After leaving Google (GOOGL, Tech30) nearly four years ago to work at Chinese startup Xiaomi, the tech executive is returning to Silicon Valley to become head of virtual reality at Facebook (FB, Tech30). Facebook spent around $2 billion in 2014 to buy virtual reality gaming company Oculus VR, with Zuckerberg saying at the time it would help his company build a "new communication platform." He reiterated that view on Wednesday, declaring that virtual and augmented reality will "enable us to experience completely new things and be more creative than ever before."
Coming up on resistance here heading into earnings next Wednesday. Could be the catalyst needed to break through.
Didn't they say not to expect growth anymore at the last Conference call? 'Cause they won't be relying on ad revenue so much. I don't get where the bullishness coming from. I'd be caucious.
FB had a monster beat last earnings, dropped 10 points due to poor guidance for the next few quarters. No clue for the bulls on this one.
I am not sure what it does on earnings. Through all time highs I am guessing it pushes to 145 or something...not really willing to take the chance on the long side when I believe you will get under 100 this year. I am looking at some sort of a break of the 200 day MA. Then once this LT trend line breaks here you will be able to buy in the 90's. 108 is too high if you are playing this for a big move in my opinion, it will crack 100 on this TL break when it does. (Even the double top measured move is to 100)
Mark Zuckerberg's social networking firmFacebook (FB, Tech30) has morphed into one of America's biggest companies -- and Wall Street is hungry for new details about the business's performance. The firm is reporting quarterly results after the closing bell. Strong buy!
Facebook loses its VR case, has to pay $500 million in damages Facebook's Oculus lost a case against game maker ZeniMax, leaving the tech company on the hook for $500 million. A jury ordered Facebook to pay $500 million in damages to ZeniMax due to theft of intellectual property on Wednesday. ZeniMax sued Oculus for allegedly stealing its intellectual property. The company claimed Oculus' VR device Oculus Rift was "primitive" until John Carmack, Oculus chief technology officer and founder of a company owned by ZeniMax, improved on the device using his knowledge from his previous work as a ZeniMax employee. It also said that Oculus founder Palmer Luckey "commercially exploited" Zenimax computer code and trade secrets in order to develop its products. Facebook purchased Oculus in 2014. Facebook CEO Mark Zuckerberg testified in court that he was not aware of the intellectual property claims between Oculus and ZeniMax. http://www.cnbc.com/2017/02/01/facebook-loses-vr-case.html
Please. that first spike was its true nature. Just alot of AH's profit taking. AM will produce heavy buyers and volume will put it back up.
Indeed, or wait for a break out above this $133 range. The oct 2016 highs are at this level, it seems traders are using it as a resistance level here.
