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

high roller here:
bought a cheap weekly 27 put, $50; will try to get $100-125 for it

 

FB went from 29 to 27 today alone ?
Wow, what a move.
Ominous.
It appears all of the recent move up was shortcovering.

 

in the short term fb looks to be headed lower but IMHO i'd buy more time than a week - i'd go w/ the dec puts.

 

got out with my original $50 minus two 95 cent commissions...

 

Awaiting peilthetraveler's $10 touch. Any day now.....

 

Facebook’s ‘Magnet to $38’: Mike Murphy

Published: Wednesday, 9 Jan 2013 | 1:06 PM ET
By: Bruno J. Navarro


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Ahead of a scheduled announcement from Facebook, Rosecliff Capital's Mike Murphy said Wednesday that he expected strong, long-term performance for the stock.