Short facebook. On Nov 14th, it will be trading under $10

Discussion in 'Stocks' started by peilthetraveler, Nov 3, 2012.

  1. Yes, I've not seen a clearer case of event-edge this year then to go long into the expiration of the lockup.
     
    #111     Nov 14, 2012
  2. mutluit

    mutluit

    in a few minutes the big selloff finally will start... :D
     
    #112     Nov 14, 2012
  3. Newex

    Newex

    Was expecting a small downward move of 2% , proved wrong . Still believe facebook cant convert all this web traffic to profits.

    Who do you think bys all that stock ??

    PS would be healthier if the stock dropped a bit.
     
    #113     Nov 14, 2012
  4. So you must have bought alot of FB before today, right? Or at least alot of call options? How much did you buy?
     
    #114     Nov 14, 2012
  5. Kind of like that stock you wanted to buy yesterday, MCP that we told you it was a falling knife, huh? :p At least I was right about something. :D :D Down 8% as of now.
     
    #115     Nov 14, 2012
  6. mutluit

    mutluit

    Facebook Inc (FB) Shares Jump 12.5%, Even As 804M Shares Hit The Market...

    Where is the SEC when you need it?
     
    #116     Nov 14, 2012
  7. Bry

    Bry

    Yes, I did buy short term Nov calls, some in the money, some out. I did make $, but missed the big move. I got in on Mon, out on Tues.

    So I definitely made a mistake not staying in!

    There are plenty more opportunities. Rest easy.

    ps, how much did I buy? NOYB : )

    pps, MCP is not an "everybody knows" stock
     
    #117     Nov 14, 2012
  8. I have a mandate not to trade anything under $70/share: http://www.elitetrader.com/vb/showthread.php?s=&postid=3511309&highlight=atticus#post3511309

    I think I'm adequately on the record telling you that your logic was facocked and that the stock would be higher the week after the lockup expiration.

    http://www.elitetrader.com/vb/showthread.php?s=&postid=3678788&highlight=higher#post3678788
     
    #118     Nov 14, 2012
  9. #119     Nov 14, 2012
  10. I was expecting at least a small loss, but bracing for the worst;
    but this really surprised me...

    my Leaps did well [obviously]

    I try to take a Mark Douglas approach now,
    where you just can't predict much

    marc
    :D
     
    #120     Nov 14, 2012