disaster. buy maybe an average down buy longer term (2 years)..
FB 50% pullback
- Thread starter VEGASDESERT
- Start date
Their biggest sorrow is credibility as Zuckerberg threatened to cut FB and Instagram from European customers which obviously they don't but it made investors nervous. Long story short - down trend to last certainly a little longer.
So.... about that 'Meta' thing.
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I still use them some/but favor duck duck go\no censorship as FB is known for. The good news for FB is MARCH tends to set the low in tech ETFs, etc......................................
MAR low is % 137 area in 202o\LOL
NOT a prediction.MAY buy a tech ETF with FB\ may not\ in it , but tech ETFs were such a value play in 2021, i bought not much...........................
IMV... FB can't be confirmed(?) as bearish until it closes and HOLDS <$120. Short of that, trading "noise".
If you short FB at 120$ after it collapsed from 380$ you are probably doing something wrong
Wouldn't you just LOVE for FB to trade to $120/support... and to buy OTM calls somewhere above that? Well, the charts say that "potentially BIG trade is in the cards as for now*. Keep an eye out. (Of course if FB crashes below <$120... that's a different issue.)
* If it turns out thus, you can show your appreciation by sending me a box of Omaha Steaks... or donating $25 to a local no-kill animal shelter. I'd feel appreciated with either.
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LOL\ maybe right;
but i kept my IBD newspaper\ FB ipo chart/\ low was about $27.777.[Partial disclosure + keeping it positive\ FB has good sell volume \ but i like duck duck go/ better]
And how about the fact their most recent quarterly showed an actual first time ever decline in total number of members. No growth or even negative growth is nooo good.