Anyone Betting on Facebook?
- Thread starter cactiman
- Start date
Quote from cactiman:
I lost some money in ZNGA too - Opened in February, Closed in May.
IPO's are more risky of course. No chart patterns to work with.
FB seems to want to stay above 30....
Sorry to hear that you lost money on ZNGZ. I have not lost money on any of the above stocks yet.
I agree that it looks as if the market wants FB to find support @ 30 ... is it justified though? I can't really say. If someone asked me, "what's facebook's product?" I don't think I could provide a concise answer.
I do not hold FB.
I do not hold FB.
The business model is there, it just takes time for them to monetize it, some of it is starting already. Ads is just one part of it, the real money to me is all the apps they have, it's a giant market that fb hasnt even begin to scratch the surface yet. Think of it just another apple app store except much bigger.
The potential is very tempting, i plan to ride this out and will be holding & adding to my position over time, unless something fundamental changes like when google+ begin to take over (laugh)
The potential is very tempting, i plan to ride this out and will be holding & adding to my position over time, unless something fundamental changes like when google+ begin to take over (laugh)
It was a very small bet, so no biggie.
Will probably stay away from IPOs for a while though, after I squirm out of FB the best I can!
Speaking of which...
Before throwing in the towel, think I'll give it till next week to fall back into the 20's. A couple of bad days would do it. We'll see.
Hola all,
I almost have enough data on F*gbook to begin 'swinging' this little bitch of a stock.
Excited about doing weekly options!!! Volume & a stock 'in the collective consciousness' (though most of the users are little douchebag kids).
Enough of my opinions.
Right now I am looking at HUGE resistance of $33.00 'esque' for the next leg down (to all-time lows and LOWER). We may have already reached the mid-term swing high as of yesterday {again, I am still analyzing and will post here for the next trade-able move I am moving forward with}.
However, this is NOT an outright forecast as of yet. I am consulting the 'stars' and will update going forward.
Let's make some money on this stock, eh?
I look forward to riding the waves of the 'book for many months to come.
GOOD trading!
peace
hedvig
I almost have enough data on F*gbook to begin 'swinging' this little bitch of a stock.
Excited about doing weekly options!!! Volume & a stock 'in the collective consciousness' (though most of the users are little douchebag kids).
Enough of my opinions.
Right now I am looking at HUGE resistance of $33.00 'esque' for the next leg down (to all-time lows and LOWER). We may have already reached the mid-term swing high as of yesterday {again, I am still analyzing and will post here for the next trade-able move I am moving forward with}.
However, this is NOT an outright forecast as of yet. I am consulting the 'stars' and will update going forward.
Let's make some money on this stock, eh?
I look forward to riding the waves of the 'book for many months to come.
GOOD trading!
peace
hedvig
Having problem staying above $32 but I would venture to guess that it will eventually pas this mark and go to $33/34. The higher it goes is probably the better because it will put huge pressure on the earning. Betting a bad earning with high price has high profit/lost ratio. If the earning beat estimates, it could likely jump close to IPO price or remain unchanged. If they miss earning, it will drop like a rock. Shorting with option for hedging could be the way to go if the premium is reasonable.