Well, in spite of all the scandal surrounding Facebook – – including the preposterous reports that they had lost 10% of their user base (!!!), they just had blowout earnings and the stock is up about 6% as of this post.
Even with this gain, the stock is still about 13% below its highs. I am short the stock, and I fully expect to get stopped out at the opening bell (barring some kind of surprise reversal). I will say, however, that unless the stock closes about $170 tomorrow, it’s still awfully vulnerable.