« WRGO Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Is The FB Short Squeeze Over? From the lows on 11/12/12 at under $19, Faceplant has managed an impressive 50%

By: capt_nemo in WRGO | Recommend this post (0)
Fri, 14 Dec 12 7:58 PM | 196 view(s)
Boardmark this board | Reality news,,,,,,,,
Msg. 02092 of 18626
Jump:
Jump to board:
Jump to msg. #

or so levitation that has been generously positioned as being due to Zuckerberg's expert guidance and confirmation that it is in fact a viable business. The two mega volume spikes from 10/24 and 11/14 appear to have provided more ammunition as short-interest surged to record levels. The last two weeks have seen Facebook's resurgence slowing and despite the protestations of a thousand entrenched vested interests, it would appear that, simply put, this was a mega short-squeeze as short-interest has plunged to its lowest since June. One can't help but consider that those momentum buyers now in the stock will be disappointed as the short-covering scramble appears to be over for now as the last month's mega unwind has played out.

Lower pane shows the collapse in short-interest.

http://www.zerohedge.com/news/2012-12-14/fb-short-squeeze-over




Avatar

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




» You can also:
« WRGO Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next