• Last Updated:
  • Jan 21st, 2018 2:04 am
Tags:
None
[OP]
Deal Addict
Jun 27, 2007
3296 posts
538 upvotes
The concept of a stock going up/down unlimited/limited is misplaced. While in theory it is true, it rarely happens... When I enter a trade via stock shares, I have rough idea where my targets are. It's always defined. With FB, $72.59 clearly marks the point where holding my short will not make any sense. I'm risking .59c in this case... What do I expect to make? Downside targets - 20DMA @ $69 provides short term support (check). FB bounced today, it will be a test to see how high. If $72.59 holds, then next target would be down to $58. This is where I will be looking to cover, my first real target. Maximum I would expect FB to plummet to $44-46, but it will only happen in bear market. As you can see, I don't expect FB to go to 0, nor willing to let it run past 72.59 without taking action.
Deal Addict
User avatar
Nov 3, 2002
1315 posts
61 upvotes
Ottawa
I took my money and ran earlier this week. It's ran up a bit too far recently imo - of course it could go much farther but if someone is considering getting in at these prices I think it's a pretty big gamble and I'd be curious to hear their argument. Shorting in the face of such a strong trend is also probably not the smartest move right now - markets can remain irrational for much longer than you expect. I'll be on the sidelines until another opportunity presents itself...
[OP]
Deal Addict
Jun 27, 2007
3296 posts
538 upvotes
there you go, broke through 20 DMA and hit R3 in a jiffy. confidence to short this pig will only rise and all rallies are a sale now. will add more if it bounces... thing is, buy-the-dippers will be grossly disappointed by wave of selling. FB became 99% long, no shorts to squeeze, haha! Target firmly $58.
Deal Expert
Feb 11, 2009
15803 posts
1863 upvotes
Toronto
Pretty big drop in FB today...
Current offer: AMEX 40k MR Points (convertible to $400 cash or 40k Aeroplan Miles) Sign up Bonus + $125 Cash Bonus + (No Annual Fee first year)
Member
Aug 26, 2009
413 posts
54 upvotes
Toronto
dlhunter wrote:
Mar 13th, 2014 1:16 pm
there you go, broke through 20 DMA and hit R3 in a jiffy. confidence to short this pig will only rise and all rallies are a sale now. will add more if it bounces... thing is, buy-the-dippers will be grossly disappointed by wave of selling. FB became 99% long, no shorts to squeeze, haha! Target firmly $58.
You've been killing it with your calls lately. Cheers!!
[OP]
Deal Addict
Jun 27, 2007
3296 posts
538 upvotes
jainik18 wrote:
Mar 24th, 2014 2:17 pm
You've been killing it with your calls lately. Cheers!!
Thank you! Enjoying $70 move on NFLX, $10 FB, $25 TSLA, $20 AMZN... CMG is a little green for me, didn't do anything on jerky move above 600 and look for lower prices now.

AMZN at important resistance. FB points to 59-60 area before the bounce (might be as high as 62). CMG will be longer hold. TSLA/NFLX selling naked puts here...
Deal Expert
Feb 11, 2009
15803 posts
1863 upvotes
Toronto
ItechJester wrote:
Mar 25th, 2014 9:07 pm
yowza! FB bought oculus VR for $2B!
Pocket change after the 19B Whatsapp acquisition :razz: ...I think FB is trying to compete with Google Glass with this.
Current offer: AMEX 40k MR Points (convertible to $400 cash or 40k Aeroplan Miles) Sign up Bonus + $125 Cash Bonus + (No Annual Fee first year)
[OP]
Deal Addict
Jun 27, 2007
3296 posts
538 upvotes
ItechJester wrote:
Mar 25th, 2014 9:07 pm
yowza! FB bought oculus VR for $2B!
wow, this is so exciting! they will print more shares (and dilute existing shareholders in the process)! And there will be no contribution to the bottom line for at least 3-5 years! wow
Deal Addict
Apr 25, 2006
4032 posts
226 upvotes
Fb taking a beating. Why? I'm considering buying at $60.

Minecraft creator part of Oculus Rift won't be working with FB.

"Of the $2 billion Facebook is ponying up for Oculus, about $1.6 billion is in stock -- 23.1 million shares with an average trading price of $69.35 a share for the 20 trading days leading up to March 21 -- and the remaining $400 million in cash. With $11.45 billion in cash and equivalents at the end of last quarter, Facebook can certainly afford it."
"If you make a mistake but then change your ways, it is like never having made a mistake at all" - Confucius
Deal Addict
Jan 3, 2012
1206 posts
29 upvotes
Mississauga
should I buy 1000$ worth of Facebook shares right now???

Please advise someone!!
[OP]
Deal Addict
Jun 27, 2007
3296 posts
538 upvotes
Approaching interesting point, pretty strong support in 58-60 area. Will be covering and selling puts... Ideally, I'd like to see weak open and then rally.
Jr. Member
Nov 1, 2013
140 posts
31 upvotes
Toronto
Big gap to 55 that needs filling
If it drops to 60.50 look for it to fall to 55 in a hurry..that's my entry point
Deal Expert
Feb 11, 2009
15803 posts
1863 upvotes
Toronto
Stephen55 wrote:
Mar 26th, 2014 4:00 pm
Big gap to 55 that needs filling
If it drops to 60.50 look for it to fall to 55 in a hurry..that's my entry point
Closed at $60.38!

Hoping for the drop to continue tomorrow to pick up my shares again! :) Should've shorted at $70 + lol
Current offer: AMEX 40k MR Points (convertible to $400 cash or 40k Aeroplan Miles) Sign up Bonus + $125 Cash Bonus + (No Annual Fee first year)

Top