Anyone Betting on Facebook?

Quote from stephan31:

Atticus,

Such a polite gentleman.

I am usually not.

Well, when the stock indices bottom in another 3-4 months I guess we will know if the 'fagbook' rolls with the tide.

Yes--the $15 and change is an extended 2nd target 'projection'--'tis all.

I am excited about trading weekly options when they come out. I anticipate FB being a great stock to swingtrade.

Alot of good r:r setups most likely once we get 2 quarterly earnings reports out of the way.

peace

hedvig
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The stock will not touch $20.00 in 2012.
 
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.
 
Quote from stephan31:

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.
More...

Both weekly and monthly are trading.
 
Quote from atticus:

The stock will not touch $20.00 in 2012.
More...
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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.

“It’s a trade, not an investment,” he writes. “Kind 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.”
 
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.
:)
 

Attachments

So his cost average is 32.50. Right now, it just broke 26.50. Down $900k. Be interesting how he handles this trade.

Quote from S2007S:

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.
More...
 
Quote from lwlee:

So his cost average is 32.50. Right now, it just broke 26.50. Down $900k. Be interesting how he handles this trade.
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0.02% of his net liq.
 
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