I don't remember the Apple IPO, but GOOG was a big success from the get go. I remember I bought it near $100 (IPO price), and sold for a tiny profit shortly after. Sometimes buy and hold actually works, but as we can see - no gains since 2007.
Yes
No
Make you wonder if this is how Google and Apple went their first year after an IPO. Maybe they struggle at first, but soar to 500 after a few years.
I don't remember the Apple IPO, but GOOG was a big success from the get go. I remember I bought it near $100 (IPO price), and sold for a tiny profit shortly after. Sometimes buy and hold actually works, but as we can see - no gains since 2007.
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Facebook is starting to look like Tesla (TSLA) just before the H&S breakdown. May be a good short.
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Looks like a short-able bounce in FB this morning. As long as it stays below 46 - 47.
Tom
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I think we saw the "TSLA Fake-out" on Facebook yesterday after a rumor surfaced that FB was going to be added to the S&P 500 index. Turned out to not be true. The charts look very similar before the TSLA breakdown. The TSLA breakdown came as a result of earnings so Facebook may not act as quickly and violently.
Remember the Head and shoulders breakdown patterns?...
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
FB is currently trading at 48.79. I was stopped out on Friday at 49.01. Bad trade.
Looks like it wants to at least test the middle of the H&S head into the low 50's.
Tom
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A little follow up: It looks like Facebook is indeed going to be added to the S&P 500 after the close on Friday Dec 20.
That explains the recent pop, and it was real, but I wonder if we'll see a sell the news reaction on Dec 23? I don't know if I'll short it yet, but we may be seeing a clear H&S test of the head. I'll play it by ear.
Last edited by tsptalk; 12-12-2013 at 09:14 AM. Reason: update
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Hmm, is it time to buy Facebook again? Double bottom at 150? Stop below $145?
Tom
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Hindsight is....
Bear flag breakdown below the 200-day EMA.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
The breakout from the downtrend resulted in a 30% gain to the top, maybe 20% if a stop was in around the 50 DMA so not the worst call. Not a fan of the company at all, but since it's all about FANG stocks, a breakdown in one isn't good news.
Support at around 305.
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