Thinking of buying some FB...

Discussion in 'Interactive Trading' started by Ramy3, Oct 18, 2013.

  1. Ramy3

    Ramy3 May the pips be with you!

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    Thinking of buying some FB. Next Google...? Purely gut fealing.

    Started at 18ish...
    http://finance.yahoo.com/q?s=FB

    Missed out on Mastercard and Google...
    http://ca.finance.yahoo.com/q?s=MA
    http://ca.finance.yahoo.com/q?s=GOOG
     
  2. jack

    jack Administrator Staff Member

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    There's a lot of high expectations ahead of their earnings about to be released. Especially after google dominated their earnings just recently.

    That's not a bad thing, but it will mean some pain if they only match what their projected earnings were, instead of beating them...

    I like FB, I just wouldn't get into them with any sort of leverage.
     
  3. jack

    jack Administrator Staff Member

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    I'd also have a hard out.. Like if I pick it up above 50, I'd want to use 49's as a hard out where "I'm just wrong" and must cut the loss.

    That or maybe a protective put at that price... but that could be expensive pre-earnings release (they price in a lot of volatility into options pre-earnings.)
     
  4. Ramy3

    Ramy3 May the pips be with you!

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    http://finance.yahoo.com/q?s=FB
    Initial sentiment was thinking it might just be a “GM” stock style when it started. Not sure anymore… Still looking, still climbing.

    Still mulling it over. final decision coming soon. Thinking real long term here Jack.
     
  5. jack

    jack Administrator Staff Member

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    Earnings call tomorrow.. buzz is a bit uneasy about teens not getting into the platform.
     
  6. dentist007

    dentist007 Well-Known Member

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    we can look at facebook
    rangebound now...but waiting to pop
    we can see the overhead trend and horizontal res/red and there is horizontal res up to 74 area
    there is horizontal supp /yellow at 50.00
    the big momma is waiting in the green trendline 46-48 area
    trading this stock..the p/f way....
    1.trade the range until it shows signs of a break.If that happens,then we want to prejudge the breakout point and take positions on the opposite side of the breakout to keep the stop tight.you will need a lower timeframe to do this
    2.once it pops we have the areas where it could bounce or retrace.take profits there and reassess
     

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  7. jack

    jack Administrator Staff Member

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    FB has been rocking it lately:

    http://finviz.com/quote.ashx?t=fb

    Ramy, you ever get in?
     
  8. Ramy3

    Ramy3 May the pips be with you!

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    Bought into the dip. Will see if i average up or down a bit or take some profit... Who knows really. It can fall or it can keep aiming for the stars. It's still going solid for now. Waiting for some sorta other dip to see what happens.

    So far, sitting pretty. :) Will see. Long term project. May just even leave it alone.
     
  9. dentist007

    dentist007 Well-Known Member

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    twitter 4 hour data
     

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  10. dentist007

    dentist007 Well-Known Member

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    will it hold ??
    spx daily data
     

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  11. dentist007

    dentist007 Well-Known Member

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    support area
     

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  12. dentist007

    dentist007 Well-Known Member

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    Es sept
    4 hour data
    points to watch
     

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