Weekly Bearish Harami Cross, Daily Doji at a top indicates $FB f
Fundamentally Facebook has serious problems. Their last 10k states " We are under examination by the IRS for 2008-2010. Our 2011-2014 Tax years remain subject to examination." This information is well hidden in the notes to financial statements in Income taxes. Evidently FB has taken tax credits on $3 billion of tax loss carryforward over the last 3 years, that it is ineligible for because of change in ownership with their IPO. Short FB it is sure to fall. Also Justiceisfalse on this board points out the recent rise in FB price is a .618 retracement of the high of $86.07 and the low since then.
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