Hehe, you guys playing video games. At first glance I'd wait 22.0 and sell it then. (21.50 if i had a long, i was talking about no position).
I'm not sure if it was MM this morning or not, but HUGE orders (we're talking hundreds of thousands of shares) were placed as FB neared $20 this morning. Once a big player steps in like that, it's over.
Yea, the writing was all over the walls on this one. Up in pre-market on heavy volume. Lots of institutional interest likely to step in at around 20. This is why I said earlier that any shares picked up at below $20 would be a bargain. If 21.50 is broken, 22 is within striking distance. 60 milllion shares traded already :eek:
Don't feel bad- just open up a new credit card under your sister's name and refill your account with that. Just remember don't smack a billionaire because you think you're better than him, even though you're still messing around with your $ 18 / hour job.
Up 10%. Wow, it's an though peil's missive had almost no effect on the price of the shares. Don't these idiots know it has to go lower? Why is peil so shy? Where did he get off too?
I advise you guys who went long to stay in until the top 11/19/2012. I earlier said in the forum that this stock would not be halted til the 19th, but if you sell today it wouldn't be as great as the whole ride.
peil wasn't entirely wrong. there WAS a shorting opportunity, i made a cool 10% on the short side last week. the mistake, as usual, is timing. when you see retail traders piling onto a stock, it's usually a good indication to start going the other way because there's going to be somebody big on the sidelines waiting to trigger a squeeze. finally, on a day like today, information is key. being able to see the sizes of the bid/asks as they are entered and pulled, the size of the books on both sides, and the volume of each move. i was reading all this off a QuantQuote feed I have set to print to screen, that's how i noticed the support at $20 a couple minutes prior to the squeeze.