Topped estimates, raised guidance...Gapped up on 5/20. Then gapped down yesterday (along with everything else) - climbed up a little throughout the day to pare losses. Has broke (well) above that descending channel,...
*Should* be some resistancve here in the 197 area. Looking at some puts as well. But I've been looking at puts the past couple days and this just keeps pushing higher. Maybe I should just stay away for now. LOL.
No doubt Facebook will be playing close attention to this IPO and how it is received by the market. I like LNKD prospects in the short term - but long term, this space will be flooded IMO.
AMZN held its own today...rebounded with the market late afternoon after going red briefly. I'm not ready to go long here though, I think there's a little more downside this week. Yesterday was very telling IMO, and...