Short interest in Facebook Stock has plummeted which for those who are contrarian, is a bad sign for the stock. Personally I think the shorts have been wrong on Facebook Stock for months now. By mid-October the short interest had fallen to around 25 million shares, down from 41 million at the end of August.
The company reports earnings on Nov 4. Analysts expect 52 cents for the quarter versus 43 cents for the same quarter last year. Revenue is expect to be $4.4 billion which is a huge jump from $3.2 billion for the same quarter last year.
The company pays no dividend and at these high levels Facebook Stock has been my primary speculative trade for 2015.
Facebook Stock 12 Month Chart
Last month I discussed a possible new trading range developing for the stock which is what I am using for the Biweekly Put Selling Strategy in Facebook Stock. That trading range is being…………….the rest of this article is for FullyInformed Members.
Facebook Stock Trading Ranges to Nov 4 2015
Facebook Stock Trade Alerts For Nov 4 2015
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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