How To Trade Facebook (Nasdaq: FB) For Profits, While Everyone Else Is Losing!
After watching the pathetic trading action for Facebook (Nasdaq: FB) all week and seeing people lose day after day, your Senorita cannot take it anymore. So I’m here to show you how to flip Facebook for profits while everyone else is losing.
It’s a very simple trade believe it or not and you can scalp about .50 – $1 per share per trare. So depending on how many shares you buy and sell you are looking at potential gains upwards of $250 – $500 per flip.
This has pretty much been the pattern for trading Facebook for the past 2 days. Wait until it finds a bottom around 10:00am, keep those level 2′s up and once you see a fat stack on the bid side it’s a safe bet to say that price range is the bottom for the day. I personally suspect that we see some $28s on FB today, and that the mid $30s will be the tradeable top. Not mid $30s as in $35, more like $30.50 haha.
There’s no guarantees it’s going to $28 but it’s still tradeable in $2 gaps. Such as yesterday’s buy at $31 and sell at $32 pattern.
Whatever you do, DO NOT GET GREEDY since the only ones making out like bandits are us penny sucking bastardos and we don’t hang around for long if you haven’t noticed. We’re eating their lunches and stealing their picnic baskets. Don’t mess with us penny stockers we can smell a pump and dump from 500 miles away, like sharks smelling blood in the water haha.
The big boys are dumping their shares hand over fist and the entire share structure for FB is a hot mess. You also have a CEO that flat out said that he doesn’t give a crap if FB turns a profit or not, so that should tell you everything right there. This is a case where supply of shares is overwhelming demand and things are getting ugly fast. The most hyped IPO for over 2 years now and it hits the road running only to FACEPLANT. I think the best thing to come out of the Fabebook IPO are the jokes.
I’ll post some of my favorites:
“You got Zuckered!”
“Facebook? More like Faceplant.”
“Why is Facebook going public? Because they couldn’t figure out the privacy settings either.”
“Couldn’t Zuckerberg just “like” the Nasdaq instead of ringing the opening bell? “
“Facebook has gone public. Behold your new portfolio: 500 shares, 283 friends, 0 money left.”
Those are some of my favorite ones from around the world wide web, and what a tangled web Failbook has woven for unsuspecting people that have never even bought a stock before in their lives. I personally wouldn’t be too surprised if we see FCBK.pk in the near future at this rate.
Hey Zuckerberg if you ever need someone to pump that POS of yours, let Papa Roach or I know haha.
Just a reminder to all, Papa Roach’s picks have been BLAZING hot, so here’s another reminder to:
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Normally this is where I would give the supports and resistances for the profiled stock but since Faceflop doesn’t look like it is even anywhere near bottom, I’ll just remind you again that I am looking at the $28 areas an entry point and the $29-$30 areas as sell points. If the price does not hit the $28s then like I stated earlier look for a huge bidstack on your level 2s, buy around those ranges and sell into the .50+ pops.
Good luck to all and may Facebook have mercy on your souls, or at least your portfolios.
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be used as the basis for any investment decision. We are neither licensed nor
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position in this stock. We reserve the right to buy or sell FB at any time
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