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Post by huh on Apr 9, 2014 15:00:35 GMT -5
And FB foils me again! Here's what I'm seeing and why I thought the FIBs would keep it down. I didn't think it would kill the FIBs only for a bear flag backtest. Note that it never did actually hit the 76.4 FIB within the flag - and that lines up with a backtest tomorrow. Of course, if it gets back into the flag channel & holds, then I'm totally wrong for being bearish on it. Either way, I'm done making calls for this one until it plays nicer. Sorry if I mislead anyone.
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Post by clinton on Apr 23, 2014 20:32:01 GMT -5
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Post by clinton on Apr 23, 2014 20:33:16 GMT -5
considering Facebook somehow counts 202 million monthly active users in the US, that is a phenomenal achievement considering there are 137.9 million working people. Oh well, those 62 million users who are unemployed - they will just grow into the labor force eventually and be able to buy all those products whose ads they click on.
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Post by clinton on Apr 23, 2014 22:06:22 GMT -5
sorry I just dont believe this number
Q1 revenue from advertising $2.27 billion
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Post by clinton on Apr 24, 2014 7:04:06 GMT -5
so FB beats and UPS misses huge
tells me their ads dont work
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Post by huh on Apr 25, 2014 10:03:57 GMT -5
Im thinking 64s before selling starts again. I didn't think it would get up there that fast today, but it just may. Looks like a good odds short ~64.25/64.30 if hit before noon. Would set-up a convergence of the 76.4 FIB and the top of a bear flag channel, and a well defined stop. A loss then of 61.15 would set-up for a move to ~53.60. And there's an open gap around there from 01/29. View AttachmentMissed the high by a few cents, but more than halfway to the downside target already. Will likely overshoot some to the 200dma (~52.00).
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Post by clinton on Apr 28, 2014 8:33:43 GMT -5
ouch Attachments:
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Post by huh on Apr 28, 2014 8:50:41 GMT -5
It hit the neckline support of its larger Head and Shoulders pattern with the LOD. New LOD and the H&S would confirm.
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Post by huh on Apr 28, 2014 10:30:57 GMT -5
FB lost the neckline. Downside target ~42.25. 200dma support between here and there. Mental stop should be against it recapturing the neckline.
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Post by huh on Apr 29, 2014 7:37:28 GMT -5
FB backtested that neckline late in the day yesterday and already down ~1% in pre-market with futures up. Shout out to clinton on the calls for this one. Clinton stuck with it and was right the whole time.
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Post by walnut on Apr 29, 2014 7:46:55 GMT -5
FB math is calculated the same way that Affordable Healthcare Act math works.
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Post by clinton on Apr 29, 2014 8:52:48 GMT -5
gap fill 53.53 and 200ma moving up to the same zone its coming Attachments:
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Post by clinton on Apr 30, 2014 8:30:13 GMT -5
I love when FB post their FB for business thread on my timeline Attachments:
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