The Gas Behind the FB Rally

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I must say, I am stunned to see how persistent the volume has been behind the Facebook rally. It’s not that the short-interest is especially high, so unlike TSLA, that’s not the reason. I simply think that the moment the blowout earnings were reported, the disposition toward Facebook utterly changed character. It went from “Zero” to “Hero”, and I think it’s going to remain there. Grumpy old bear that I am, I still find it kind of heartwarming these guys are finally getting their day in the sun.