Staying Cautious Ahead of the Fed

It's tough to get very active in front of the Fed. Tack onto that issues with accurate quotes on options this morning, and you have one guy here who is pretty much sitting on his hands. Quotes are coming back up, and for now, my Baidu (BIDU) and LinkedIn (LNKD) positions are both pretty much flat. Baidu is down just a slight amount on the bid side, while LinkedIn is much closer to being flat or even up a few pennies. I'm willing to give these another day, as I view time as being favorable, especially to Baidu here.

Facebook (FB) is likely to garner the most attention after the bell. Not too long ago, there was a big buyer on the call side of the stock, and after Google's (GOOG) strong reaction to its earnings report, folks are likely leaning long. However, it is important to note that LinkedIn selling off with earnings. Facebook is pricing in about a 12% move, $5.88, which ties in well with the current chart setup of $44 for the downside and $55 for the upside....250 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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