FB

Discussion in 'Stocks' started by beerntrading, Apr 28, 2017.

  1. Yes, and that's why it's fairly resilient at the moment, there's plenty of long term Interest at any price. Should be just amatter of time before it caves in for a nice short term play though.
     
    #21     May 5, 2017
  2. It's bounced off $150 quite a bit...

    Actually, just shorted the May 12 $150 call over my positions for a bit of protection.
     
    #22     May 5, 2017
  3. A close at exactly $150.00 today wouldn't surprise me at all (or +/- 0.01)
     
    #23     May 5, 2017
  4. For sure, a lot of support at 150.00. I was aiming for a target of 147.00 but have my doubts.

    Nice option play too.
     
    Last edited: May 5, 2017
    #24     May 5, 2017
  5. ironchef

    ironchef

    I don't own FB, so don't have a dog in this fight. Looking at their financials, better than AMZN, TSLA, BABA, NFLX.... Valuation is not that out of line comparing to GOOGL or MSFT.

    What am I missing?
     
    #25     May 6, 2017
  6. I'm just looking at the earnings miss in a very optimistic market and a very tight stop if the market moves against my short call.
     
    #26     May 6, 2017
  7. Bailed on my 150 call for a small loss.
     
    #27     May 8, 2017
    vanzandt likes this.
  8. vanzandt

    vanzandt

    I think that was a good move.
     
    #28     May 8, 2017
    beerntrading likes this.
  9. I'd feel a lot better about it if it hadn't fired off within about .10 of that spike...oh well, tiny loss--nothing terrible.
     
    #29     May 8, 2017
  10. FB is not going down without a fight.
     
    #30     May 8, 2017