re: Facebook (Meta)
Funny looking C/S Charts...
Looks like excitable folks trying to get into the market before Facebook starts trading - then the smart money take profit. It might not be smart money - who knows. Anyway, the delay in the Facebook offering gives us TSPTalkers a glimpse of the future, eh...
My guess is a big up bounce as 'dumb' money tries to get in on the side, and a dump as 'smart' money takes the opportunity to sell and lock in profit...
Me, I'll just sit right here invested 50% in the market and 50% out of the market. I'll need something like another 10% - 12% dump in the S&P to zero out this years YTOD gains... Want to be there when the 'smart' money looks past early November!!!
Lookin' up at the 'G Fund'!!!
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