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I don't think people should attribute today's FB action to the Oculus acquisition or its price/terms. A slight negative chatter (Read: "Amateur CEO wasting mone
by ashray5 13y ago
I don't think people should attribute today's FB action to the Oculus acquisition or its price/terms. A slight negative chatter (Read: "Amateur CEO wasting money on useless toys") could easily make big momentum reversals, especially in case of a stock that mostly priced by sentiment versus intrinsic cash flows.
Disclaimer: I'm by no means disparaging momentum strategies.