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Facebook, what would I know? Not much but of course I have an opinion anyway.
Zuckerberg has sole control of the company which is bad enough, but when he makes comments like what is in today's press, well it makes you ask if you want to be involved with someone who sounds like a character in a Ben Stiller movie.
If I saw the tape of Unilever's head advertising guy claiming that 60% of what he gets charged for is bogus and demanding third party verification, well that is a warning shot across the bow then let's follow it up with crazy talk from the sole decision maker and all this on top of their very serious warnings about earnings growth going forward. Throw into the pot that Citi, B of A JPMorgan and Goldman are all saying time to raise some cash and is it any wonder the price is wobbling a bit.
But hey the bulls will tell you the market climbs a wall of worry and all that lovely end of the quarter sucker money, well I mean automatic savings plan cash, is headed right for the ETFs so Facebook will find plenty of demand, the only real question is will the new money be pushing prices up or funding distribution. That's what I will be watching. There is nothing more unloved than yesterday's red hot number and the specter of America On Line after the tech wreck when advertising revenue fell 50% is haunting Zuckerberg's dreams, or at least it should be.
same thing, AD, just in color
CHOP DAY roughly 1-to-1
(chop just means in-and-out quick… no dicking around, as both sides have no edge… except moderately strong NY bull volume)
Weakest is The Big Five Tech
But even SQQQ the 3x Q short crapped out and hit a LOD
ps: TICKs think everything is still hunky dory
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Bottom panel is a visual on how the QQQ (gray overlay) lines up with the cumulative tick on the full nasdaq (TICKQ)
Right, it DOESN’T really line up so well intraday...
Oy
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.