Is This The Turning Point For Facebook (fb)?

Discussion in 'Investment Charts' started by Chartman, Mar 20, 2018.

  1. longtermbull

    longtermbull Administrator Staff Member

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    Looks like the recovery in the old favourites is continuing :)

    FB, Apple, Twitter and even Tesla - blind faith or good investment?
     
  2. gowiththeflow

    gowiththeflow Senior Investor

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    I read somewhere that Facebook is taking action against a third party who has allegedly obtained private user information from Facebook. Is this right?
     
  3. longtermbull

    longtermbull Administrator Staff Member

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    The market seems to be turning against social media companies BUT there is that nagging doubt that the info they have on their members might be priceless in the right hands :)

    Very interesting two way pull for investors ;)
     
  4. gowiththeflow

    gowiththeflow Senior Investor

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    The $180/$181 level is important for FB - a fall below that and we could see another sharp sell-off. Just when you think social media businesses are out of favour, up they pop :)
     
  5. Buyonthedips

    Buyonthedips Senior Investor

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    There is growing anger among shareholders and observers regarding Mark Zuckerberg's ultimate control of Facebook. It seems to be "his way or the highway" and many investors are growing tired of this near dictatorship.
     
  6. gowiththeflow

    gowiththeflow Senior Investor

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    After a sell-off down to around $160, Facebook shares have rebounded sharply to just over $192. This is a double top on the graph which is negative in the short term but will the share price reflect this in the short term?
     
  7. longtermbull

    longtermbull Administrator Staff Member

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    This will be very interesting to watch over the next few days because if this is a negative sign double top the shares may well encounter some significant selling. Will the short sellers jump in?
     
  8. Buyonthedips

    Buyonthedips Senior Investor

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    The share price is hovering, will it fall? Like others have mentioned before, I think social media companies need to be re-categorised as information gatherers. Is there a technical term for this?
     
  9. longtermbull

    longtermbull Administrator Staff Member

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    The news FB currency has certainly been grabbing headlines :)

    Is this a new road for FB to move down?
     
  10. gowiththeflow

    gowiththeflow Senior Investor

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    Talk of FB also getting involved in financial services further down the road - that would surely be a regulators nightmare?
     
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