sumastardon
Short

Face Update - Should bounce on open - then fail again

NASDAQ:FB   FACEBOOK INC
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Facebook has been bought up off near term support at current levels on the open only to hit overhead supply at 140.25 to 140.60 half an hour later. We could well get the same pattern today. We need to stay sharp and grab profits quickly again this week, as Sand P will be just as twitchy as it was last week in all likelihood. This stock is still moving in lock step with Nasdaq and SandP and has been a useful confirming signal for both short and long trades on all major markets recently.
I don't know what will happen tomorrow but I learned something about FB, it always surprises.
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