[quote=flu]Damn. FB @ $63/share premarket… Short sellers getting squeezed?[/quote]
Maybe, but there isn’t much short interest on FB. Less than 1 day to cover and only 2.5% of the float is short. It’s likely just everybody desperately chasing the few stocks that are actually growing at a reasonable rate. Everybody that sold AAPL the other day because it’s no longer a growth play is looking for the next growth play.
I’m really not that excited about QCOM earnings. Yeah they beat the street but they’re down YoY, Mobile is definitely slowing down on the hardware side. Software might still be ok, but AAPL, Samsung, and QCOM are all showing signs that high-end mobile has reached saturation point.
