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hajimow

Registered: Mar 2004
Posts: 2659

08-02-12 08:02 PM

Time : 3:03 and FB is at 19.94.
Watch for a possible pop to 20.20 by close.

Basically market is a short term buy just now. (3:04)

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trader198

Registered: Mar 2010
Posts: 1217

08-02-12 10:22 PM

will drop more, i suspect FB will be single digit pretty soon.

when it is green, buy some puts, when it droped to new low, sell your puts. then wait for green days, buy some puts again...

I follow FB recently, it works like magic.

I played Rimm too, all the same.

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Chuck E. Cheese

Registered: Mar 2012
Posts: 115

08-03-12 01:38 AM

I read some article a day or two ago talking about funds that buy the shares in the private market before IPO so they can't unload before those lock up dates. Also, the funds still hasn't complete dumping the IPO shares yet so price pressure is here to stay. Naturally they'll starting to throw in the towel, slowly one by one, and FB will be in the discount bin sooner than later. I agree that one more bad quarter or two and FB will likely see single digit due to the shift in valuation criteria.

There's still a long shot that somehow FB could turn this around and maybe be a success market story someday. But I'll leave that to the optimists and dreamers. Right now the facts are starting to piling against FB and I think the public in general are very distrustful of hype. So if the price is not right, that it has the right to stay on the shelf.

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traderslair

Registered: May 2011
Posts: 362

08-03-12 03:29 AM

I knew it was going to be a $5 stock when I heard they had plans for a FB phone...

Must be hard to be rich one day and then to lose 50% of it in the coming months while you can't do anything but watch how your promise of your stock options becomes a cheap lie.

Staff who had stock in FB must have been thinking that it could be easily over $100 to $200...

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peilthetraveler

Registered: Jun 2005
Posts: 7073

08-03-12 04:58 AM

Quote from traderslair:

Must be hard to be rich one day and then to lose 50% of it in the coming months while you can't do anything but watch how your promise of your stock options becomes a cheap lie.

Even with the stock down 50%, it could go down another 99% and he would still be worth 8 figures. If you have that kind of monetary cushion, nothing in hard in your life.

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hajimow

Registered: Mar 2004
Posts: 2659

08-03-12 02:06 PM

Quote from hajimow:

Time : 3:03 and FB is at 19.94.
Watch for a possible pop to 20.20 by close.

Basically market is a short term buy just now. (3:04)

Once again, you are welcome

Another golden advice : Buy YHOO at 15.90 or lower now (before open). load it up. Sell it around 16.10 or with a profit. Short term trade.

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