FDNYret
Short

The perfect time to short Facebook is now.

NASDAQ:FB   FACEBOOK INC
FB             has hit resistance at $83. Three times was not a charm for $FB as it could not close above $83. The daily stochastic indicates a sell today. My favorite indicator at present is the Aroon up, I use it to indicate tops in FB             when it hit 100. It did hit 100 on Thursday and went lower on Friday. When it hits 0 in about 15 days, I expect FB             to between $74 and $77. $FB could be much lower if the news about FB             using tax credits for a tax loss carryforward that it was not entitled to are published by national media. Evidently the billions of dollars in tax credits for a tax loss carryforward are not transferable if ownership changes in a Corporation by greater than 50%. This happened when Facebook             went public. The loss of these tax credits will cause FB             to pay Billions of dollars in back taxes and profits over the last 3 years will turn into losses imho. I'm short FB             with $83, $82, $81 and $80 puts with expirations from 6/26 to 7/10/2015. I have notified numerous news agencies to this information which can be found in FB's 10k filed in January 2015. It is hidden well in notes to financial statements in the income tax section. FB             says "we are unable to estimate the full range of possible adjustments" in the 10k I estimate Billions of dollars in "Adjustments". Fb             sugar             coats the news as thinking it will affect only the future tax loss carryforward tax credits. The reality of this situation is that past tax loss carryforward tax credits that FB             has taken over the last 3 years will be denied because of the change in ownership of greater tha 50% with the IPO             .
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