Facebook Inc (NASDAQ:FB) Charts and Outlook
Facebook Inc (NASDAQ:FB) Charts and Outlook
FB reports this week, and the stock has been trading higher on rumors of better results in Mobile etc, but still at $300 times earnings this remains a high risk investment.
The equity has had the benefit of a huge amount of hype, but the fundamentals are not impressive.
Having said that, also note that FB has beaten estimates at the only 2 earnings reports, this quarter maybe the same, regardless I will remain short FB and look for another opportunity to short the stock should it rally on earnings.
Earnings and Dividend Figures in US Dollar (USD)
| Estimates vs Actual | Estimate | Actual | Surprise % | |
|---|---|---|---|---|
| SALES (in millions) | ||||
| Quarter Ending Sep-12 | 1,224.99 | 1,262.00 | 3.02 | |
| Quarter Ending Jun-12 | 1,146.09 | 1,184.00 | 3.31 | |
| Earnings (per share) | ||||
| Quarter Ending Sep-12 | 0.11 | 0.12 | 9.19 | |
| Quarter Ending Jun-12 | 0.12 | 0.12 | 1.69 | |
Institutions have been buying the stock
Institutional Holders
| % Shares Owned: | 37.54% |
| # of Holders: | 598 |
| Total Shares Held: | 412,732,716 |
| 3 Mo. Net Change: | 8,737,335 |
| # New Positions: | 41 |
| # Closed Positions: | 6 |
| # Increased Positions: | 80 |
| # Reduced Positions: | 27 |
| # Net Buyers: | 53 |
Currently the MACD is bullish since it is trading above its signal line.The MACD crossed above its signal line 0 period(s) ago. Since the MACD crossed its moving average, FACEBOOK INC A’s price has been unchanged, and has ranged from a high of 31.930 to a low of 31.130.
A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
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He is recognized as one of the leading Economists in South East Asia, as well as the preeminent authority on ASEAN. His opinions and forecasts are widely read by decision makers in the region and Internationally.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.
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