Valuation Update: Facebook Falls, LinkedIn Remains Atop Internet Stocks

This post is a quick update on data that I maintain on price/sales (P/S) ratios on select internet stocks. I periodically refresh the data from Yahoo!Finance (semi-automated with links into a Microsoft Excel spreadsheet) and add the latest data to a chart. The chart is starting to get crowded so I may soon need to … Read more

Sentiment Clinic: Facebook STILL Bullish

Today (June 6th), I FINALLY closed out my long-standing short position in Facebook (FB), leaving one solitary put to capture what might remain of the current distribution process of the stock by eager sellers (I announced the trade on twitter using the #120trade hashtag). This time delivered a fascinating ride and required an exercise in … Read more

Chart Review: Apple Changing, BlackBerry Pushes On, Facebook On the Edge, Autozone Breaks Out, Fossil Still Abandoned

Here is my latest review of a few charts that have my attention: Apple (AAPL), BlackBerry (BBRY), Facebook (FB), and Autozone (AZO), Fossil (FOSL). Apple (AAPL) Fourteen (14) trading days have passed since Apple (AAPL) made a new low in its standing downtrend from last September’s all-time highs. The stock has closed above the downtrending … Read more

Facebook Sentiment Remains Relatively Firm (For Now) Despite Post-Earnings Selling And Downgrades

This is an excerpt from an article I originally published on Seeking Alpha on February 13, 2013. Click here to read the entire piece.) On Monday evening, February 11, 2013, Bernstein downgraded Facebook (FB) from Outperform to Market Perform. {snip} Source: FreeStockCharts.com In the downgrade, Bernstein cited concerns over ad pricing, revenue growth and valuation. … Read more

T2108 Update (December 13, 2012) – QE3 Resistance Holds Firm; Facebook Poised To Soar Anew

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are highly likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades … Read more

Chart Reviews: Apple, Google, Priceline.com, Siemens, and Facebook

While the general market churns, individual stocks continue to tell unique stories with good trading opportunities. In this chart review, I look at recent developments in Apple (AAPL), Google (GOOG), Priceline.com (PCLN), Siemens (SI), and Facebook (FB). Apple (AAPL) AAPL’s technicals continue worsening. On Thursday, October 11, AAPL printed a bearish engulfing pattern that essentially … Read more

Facebook’s Fragile Upward Momentum Ends In One Day

It had to be too good to be true – Facebook (FB) CEO Mark Zuckerberg able to “motivate” his stock upward and out from the ashes of a post-IPO disaster. On Monday, September 25th, FB got hit by a bearish Barron’s article pegging Facebook’s value at $15/share. The stock subsequently crumbled under the pressure to … Read more

Positioning for Hastings to Finally BUY Shares In Netflix

(This is an excerpt from an article I originally published on Seeking Alpha on August 14, 2012. Click here to read the entire piece.) Netflix (NFLX) is a classic bear/bull battleground stock. Depending on your mood, you can be convinced by the bullish or the bearish arguments. {snip} In the near-term, I think the biggest … Read more

Chart Review: Facebook Actually Building Positive Momentum

Nine days and counting. That is how many trading days have passed without Facebook (FB) marking fresh post-IPO lows. For twelve trading days, nothing but negativity swirled around the FB IPO. It was if the company itself were about to go bankrupt – taking all 900 million users with it. On May 31st, I pointed … Read more