Heavily shorted and misunderstood. Reminds me of another a decade ago, Amazon. Like Amazon, 'the book selling company on the internet', Facebook is defying all odds and share price keeps rising. We do not have much price history with FB . What we do have is information. Facebook usertime has stayed steady. This is contrary to the fad claims. Users are still logging in for nealy 30 mins a day and Facebooks is adding ten's of thousands of new users everyday . Here take a look, .... http://www.alexa.com/siteinfo/facebook.com > this is a good sign. Facebook has had to change and evolve in order for the company to add Ad revenue. When Myspace was taken over by Rupert Murdoch's Newscorp and news came out that the company would ad Advertisements with talk of data being distrubuted, usertime fell instanlty. Not the case for FB .
Looking at 23.50 Call Options that expire this week. IF this chart would play out, FB 23.50 options would most likely price near .05 contract. With a snap back to the .382 fib line and or back to 23.50-55 area, FB 23.50 Call options would more than double. I would also continue this trade by rolling over profits and buying 26 Calls for June 22 expiration. I hope to have 70 to 100 contracts near the money with ample time left for expiration. If all pans out this original $300 investment would be worth more than $4k.