Facebook Misses!

Nine_Ender said:
Well the large players knew earnings were going to be good for the majority of companies. Sometimes you need to understand the fundamentals not just look at charts.
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Well that's part of my point though... if large players knew earnings were going to be good or bad prior to others, than that means they are likely position prior to that.

That's why I made the comment of how markets had good probability of higher based on charts, prior to earnings even coming out. This was posted prior to.

Now today ES was at major Daily resistance and earnings weren't good and we went down.

So, in this case I wasn't surprised and didn't miss much by not paying attention to earnings particularly on the long side.
 
Let's forget about Mr. Meta for a minute. I would just like to give a moment of silence today in respect to all those PayPal holders who bought in at the top.

R.I.P.
 
24% drop. May drop even more. How this thing is worth $900BB???

It is really time to go back to fundamentals and look at profit and valuations. Dump all those high flyer ARKK stocks. Buy some of the money making and stable company stocks. They are still very cheap.
 
Lot of overreaction to earnings misses but the play to me is buy the companies with strong reports on down days on broader markets. We may chop around a fair bit and if a positive trend develops on any of them ( eg like V lately ), you participate in that upside.
 
The_Krakenite said:
Let's forget about Mr. Meta for a minute. I would just like to give a moment of silence today in respect to all those PayPal holders who bought in at the top.

R.I.P.
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Does our beloved Cathie Wood hold Paypal? $128 from high of $310....
 

"Is it Heaven or hell ?
....Amazon."
"What kind of creature's gonna rise up from these ashes?
What's gonna fly in the moonlight feathers aglow?
What kind of rain could come in from these sorrows?
Nobody knows, nobody knows."
 
Oh well. Earnings coming up soon for Sonos. I shorted CALLs (naked) while volatility is still high. Going to sleep it off and we'll see if Sonos misses projection like all the other Nasdaq riff-raff. It's a bear-market so...

Good night. X_x
 
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