Fed is continuing its bond buying @ current level & no change in interest rate.
S&P 500 @ 1759.96, high 1775.22
Internals are negative by almost 2 to 1
Oil Down $1.42
Gold Down 90 cents
Canadian $ Down 16 tick @ 95.17
VIX UP 4.40% @ 14.00
Portfolio AMZN FNSR JKS LNKD MU
Most stocks are down
@ 2.15 following are green :
BIDU QIHU AAPL KORS DNKN YUM
COH RVBD SPLK SBUX EGO SLW
MLNX....
BLOG does NOT give buy or sell
Saleem
8 comments:
Hey Saleem,
Initially I expect FB to trade down in AH, but recover from the lows. The details of the report and conference call will tell how much it rebounds and even whether it can reverse higher. It seems to me a lot of "traders" are positioned cautiously now.
Stocktrader
Hi Stocktrader,
There has been lot of "covered write" on FB for this Q...which means they are protecting profit in case of decline......
Saleem
Hey Saleem,
Well...so much for that dip!
Stocktrader
Hi Stocktrader,
Good for you FB$$$$$$
Saleem
Hey Saleem,
A couple of troubling things on the conference call:
1. The percentage of ads in the newsfeed shouldn't increase anymore from Q3 levels and was a large driver in FY13 overall. This leaves questions as to the next driver.
2. The youngest of teens are engaging less on the site. That might lessen opportunities many years down the road, but I'm not sure they won't eventually sign up? and Instagram is an interesting way to capitalize on that demographic.
I see #1 as more problematic.
Stocktrader
Hi Stocktrader,
I am listening to FB cc also...
Even reported Q they missed by 2 cents on EPS.....
Their guidance was poor & it is going to be lower than a year ago in some key areas...TWO areas are being guided down......not good for future FB price action.....
Saleem
Hey Saleem,
The adjusted EPS of $0.25 is the comparable number which beat handily. The better-than-expected revenue and gross margin contributed to the beat.
Stocktrader
Hi Stocktrader,
I looked @ many reports but they kept mentioning 17 cents vs 19 cents expected....thanks for digging this number out.....25 cents makes it a beat by 6 cents.....
Saleem
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