DopeTrades
Short

FB is about to get Zucked

NASDAQ:FB   FACEBOOK INC
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8
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I haven't been watching stocks as much lately, but I wanted to point out some things that were obvious to me. Much like the SPX , distribution has been set in for a while on the push to all time highs. Zuckerberg and large holders undoubtedly had knowledge about the coming outing of Facebook . This is what distribution is...selling or profit taking, which produces a sideways type action within the chart, and is almost always followed by a significant dip in price. I imagine my first target area highlighted on the chart will be temporary, but may serve as a nice place to take profits in the short term on short positions. Will update later as needed.
Oct 29
Comment: I will be vindicated... me thinks.
Dec 26
Trade closed: target reached: What else is there to say?
was it distribution after all?
Reply
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