I wonder how today will play out? Technically looks good with support at the 50 day but news is a wild card. I think first hour dip BTF.
if Facebook are allowed to enter China which mark has been trying really hard for long time. shorts will be devastating.
I take back that 168 support, sellers are strong this morning. FB is the worst performing tech stock on the map here.
Bounced right at the bottom of the channel. And demand has shown itself. And taken back more than half of that big red candle within 3 days. Feeling fine about FB. Eventually demand will have to show itself above the middle line too.
Never buy or sale an asset based in the opinion from someone else. Do your own research and use your own judgment. That way you will win
Wall Street Still Loves Facebook Inc (FB), Despite Recent Turmoil Facebook Inc (NASDAQ:FB) is knee-deep in regulatory concerns these days. A widespread Russia-led ad-buying scandal allegedly influenced the U.S. presidential election, and Facebook enabled it. When questioned about it, the company shrugged at first. Then, when the seriousness of the situation became obvious, it finally agreed to cooperate with federal investigators. Privacy concerns persist both at home and abroad as well for the company, which collects over 200 points of data for each of its users, which it then sells to advertisers. But as Business Insider reports, the stock has gone unpunished, and Wall Street is more bullish than ever: While Facebook has suffered a battering of public-relations scandals in recent weeks, from its admission of spreading roughly 3,000 Russia-linked ads to allowing hateful automated ad-targeting options like “Jew-hater,” the company’s roughly $500 billion public market cap has largely gone unpunished. In fact, the company’s stock is trading at historical highs. Late last month, Deutsche Bank raised its estimates and price target on Facebook to $220 a share after conducting encouraging check-ins with advertisers. A few days ago, Morgan Stanley said in a research note that Facebook’s stock was “too cheap for its quality and growth.” And Needham recently called the platform a “must buy” for advertisers.
Anyway. Interesting trading in Facebook yesterday, but despite the $174 drop, it still looks like it wants to slap $175 shorts one more time.
$FB Another CNBC guest blasting FB and their response to Russian ad buys. Thinks FB should have to notify victims they were had.
Option players, pick your spot carefully. IMO, a clean $180 before ER, after the “beat,” $185 +, likely a nice 3 to 5 percent move. 11/1
185 before earning. 200+ after. Print my words. Instagram revenue likely doubled. WhatsApp monetization to be announced.
The only logical thing for SNAP longs to do is to pile in FB and rescue any losses back. Fb growth is 47%, huge moat, ton of cash, jump in
The only logical thing for SNAP longs to do is to pile in FB and rescue any losses back. Fb growth is 47%, huge moat, ton of cash, jump in
"Last Tuesday's new high in the Dow came with fewer than half the components participating. The NASDAQ likewise hit an all-time record with fewer than 30% of [its] stocks rising. Ladies and gentlemen, there is a reason for that. For the last three years 28% of the S&P 500's 27.2% return has come from the FAANG stocks, $FB $AAPL $AMZN $NFLX and $GOOG. If you did not own the FAANGs you have been underperforming. It's option expiration week so traders will try for new highs. If they fail to achieve that, traders/investors should be alert for signs that a trading top has occurred, or is forming." From Jeffrey Saut: https://seekingalpha.com/a/2gehk (by David Jackson)
Don't sell! A little cleaning out before FB climbs past $200 to $240. Sounds nuts but has proven to act in such a fashion many times.
FB could not crack the resistance levels, getting smacked down this morning! Anybody looking to build a long position soon?
(Reuters) - Shares of Facebook Inc (FB.O) fell 4 percent on Friday after Chief Executive Mark Zuckerberg announced changes to the platform's centrepiece News Feed that he said would hit user engagement in the near term. Zuckerberg said on Thursday the company would change the filter for the News Feed to prioritise what friends and family share, while reducing the amount of non-advertising content from publishers and brands.
Haven't looked at any news, and not my type of trade, but $176 looks like a decent spot to take a shot if you're looking for an entry. Doubt it gets there today, though.
