1:15pm (EST) Shares of Facebook (FB, $33.71, up $7.20) are surging 27% following a blowout quarter after the close on Wednesday. We mentioned this morning shares had cleared $30 last night and the gains have held as we enter the second half of trading. The company reported a profit ofRead more
Facebook (FB) Soars, Shorts Run for Cover/ Profit Alert (MGM)
Zynga (ZNGA) Gets Zapped, Draghi Cries Wolf
1:10pm (EST) The market got a huge bounce this morning after ECB (European Central Bank) President, Mario Draghi, vowed to do “whatever it takes” to preserve the euro which immediately sent expectations sky-high. We mentioned this morning the bulls are expecting Ben Bernanke to pull the trigger on some typeRead more
Is Facebook (FB) a Falling Knife?
12:15pm (EST) Wall Street Notes: Facebook (FB, $27.33, down $0.86) Weekly Options started trading today. There has been more put buying than call buying since shares went public. In eight trading sessions, shares have ended lower in 5 of them. Today would make 6-out-of-9. We have been watching the optionsRead more
Bulls Push First Layer of Resistance
12:25pm (EST) Futures were trading higher Monday night as we prepared for Tuesday’s open and got progressively stronger before the bell. The rest of the week, including today will be extremely busy with lots of juicy tidbits to digest. China got the ball rolling after word spread they could startRead more