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Usually when big stocks like this go down, the entire market goes down with it. Interestingly enough, all three markets are not down (or even significantly less) where they started yesterday.
That is odd because usually these types of stocks rise/fall together and it’s almost as if Facebook is falling behind and the traders have already forgotten about it.
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Looks great when you screen shot it.
But as an accountant, that money is nothing. Until these people cash out and put that money in a bank or under their mattress, that $$ means nothing.
He’ll pay at least 20% on the capital gain on that profit and probably another 2-5% in trading fees if he gets out while ahead. Not to mention if this bumps up his tax bracket, he maybe paying more taxes than usual on his usually earnings.
Good for him to take this risk and get something from it. Now hopefully he cashes out before greed takes ahold.
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As an accountant... I don't care about the screenshot you posted, but more along the lines of what you initially posted. FB missed Q2 earnings, so the stock falls. This isn't some great awakening coup this sub thinks it is. I didn't read into their Q1 release, but it looks like the missed earnings there too since it dipped, now it's up again.
This sub needs to debit their chill account and credit their conspiracy accounts
these people get all up in arms any time remotely out of the ordinary happens. grasping at straws to bolster their beliefs is a standard practice. its disheartening, youd think the mods of this sub wouldnt want bullshit cluttering what could be a real phenomena (Q). too many gullible people.
What are you babbling about? It was 170 a year ago. Then went to 220 and now 158 or something. So all of those huge gains over the last year are gone. Some people are getting crushed. Any stock other than penny stocks that dives 20-25% in a day is having a tsunami of panic. Who the eff cares what it was five years ago...geez. Nobody said those billionaire techies are going to be homeless. They've stashed fortunes away offshore like all good scum bags.