Facebook is a money making machine with the huge monetization potential of Instagram. It's a great company that is finally at a price point that is attractive. Here is my buying strategy coming into the earnings report later in the day.
Goal: get $10,000 of FB exposure
1st buy: 37 shares @ 133.50
2nd buy: 44 shares @ 114.80
81 shares @ average cost of...
This is a huge overreaction by the market. FB had a very modest miss on estimates. FB management is always conservative with their guidance. Watch the gap fill to 193.13 for a 10%+ return over the next few weeks. I would recommend following this money management strategy that worked extremely well when FB was previously at this level....
$STX looks like it's broken major resistance and is sporting a dividend of 4.48%. It will have no trouble getting to 62.76. When it breaks 62.76 it will be clear sailing to 69. That's around a 24% gain from 56.05.
With the market taking a downturn as a whole, it creates some buying opportunities for some very profitable companies like Facebook.
Strategy: Take whatever amount you want to invest in FB and divide it into 4 equal parts.
1. Buy at each level I've indicated.
2. Sell at target price I've indicated.
I believe FB will go down in the short term and then...
HP is a well-managed company that lost about 45% of its stock value during the once in a lifetime epic oil downturn. Its prospects look bright as the oil market starts to rebound. The charts also indicate it's about to spring up with a triangle pattern showing seller being edged out. Throw in a 4% dividend right now and it looks like you've got yourself a winner.
VIPS is in the internet services space, the same as Alibaba, that is seeing solid earnings estimate revision activity. When a group starts to move, it raises the level of all the stocks in the group. VIPS is also doing well on it's own and is a top stock within the group.
The current quarter estimates have risen from 55 cents a share to 60 cents a share, while...
Linear regression is showing CLDT at the bottom of it's trend channel. Expect a nice upswing over the next month and a half for a gain of around 15%-30%.
Dividend ex date: 7/29/14 (date by which you have to buy to get the dividend)
I believe this to be the last bounce off the bottom support of the triangle before breaking through upper resistance (red on chart). I expect a 15% gain from the bottom of the triangle to the target (see chart).
Toyota (TM) is getting close to the intermittent high I predicted 17 days ago. See for details. After it hits the predicted high, look for a small pull back for an opportunity to buy at a more attractive price or add to your position for all those who have been following my commentary since $103.
Toyota (TM) is killing May estimates. Expect more upward momentum as the whole sector moves up.
"Toyota deliveries gained 17 percent, topping a projected 8.1 percent rise." -Bloomberg Businessweek 6/3/14
Here are some Support/Resistance levels to help you with an entry point.
My price target is currently $140 for the overall uptrend.