I hope Mark Cuban is holding his 150,000 shares. It's time to average down! Mark Cuban Buys 150K Facebook Shares http://www.forbes.com/sites/ericsav...-facebook-shares-for-trade-not-an-investment/
FB gonna 'rebound' for several days now. Nothin' but a short-term move. This is what I anticipate. Just my humble opinion. Look for as high as $31.48 or as low as $29.47 (one could use 3 price levels to short into--3 units scaling in)--then short the company that is destroying lives! :eek: peace hedvig p.s. Anyone know when FB starts weekly options or have they begun already. I am primarily a derivatives trader (futures/commodity options)--but haven't checked all the NEW info on FB.
------------ Respect! Ain't it great you can find another seller in an electronic market and only pay the bid/ask and commission rather than laying 5 to 1? I realize I was a little prick earlier in the thread--it is just that Facebook is and will be an emotional stock going forward (if you follow astro--if not--that is fine as well). Peace hedvig
I guess everyone knows facebook is not an investment, but only a trade....thats because in the next few years facebook will be worth no more than a couple of billion dollars! Mark Cuban Buys 150K Facebook Shares For 'Trade,' 'Not An Investment' Mark Cuban: Billionaire stock pundit. Billionaire investor Mark Cuban disclosed at the tail-end of a lengthy blog post about the Facebook IPO that he bought 150,000 Facebook shares in the open market: 50,000 at $33, 50,000 at $31.97 and 50,000 at $32.50. âItâs a trade, not an investment,â he writes. âKind of like buying a Mickey Mantle, a Hank Aaron and a Barry Bonds rookie card knowing there is a card show in town next week.â
Just Opened some FB July 30/31/21/20 Iron Condors @FB 26.81. Time will tell whether I called the Range correctly or not.
So his cost average is 32.50. Right now, it just broke 26.50. Down $900k. Be interesting how he handles this trade.