It warms the cockles to see the mindless herd respond with such enthusiasm to Facebook’s announcement that it will make everyone’s personal information available to virtually anyone in the world who wants or needs it, including those who don’t subscribe, the Stasi, Triad assassins, Macy’s, Julian Assange and your first wife.  As to how much higher this gas-bag is likely to waft before privacy concerns kill the golden goose, the Hidden Pivot target at 54.51 (see inset) is my best guess. There’s a lesser pivot at 53.16 where we might look for a stall, but I’m suggesting holding out for more, and for shorting the stock if and when it kisses 54.51.  The blue line just beneath that target is an alert I’ve set to warn me with bells and whistles when the target is reached. Traders who play this stock should do the same. Officially, I’ll recommend offering 400 shares short at 54.51, stop 54.67.  (Note: I’d suggested getting long until the target is reached during yesterday’s impromptu trading session, but the stock could already be there by the time you read this.) _______ UPDATE (12:15 p.m. EDT): The little cow pie popped to 54.83 before doing what we’d expected it to do — i.e., sink.  Officially we no longer hold a position and will record a $70 loss. However, I’m gratified to have heard from numerous subscribers who used a wider stop-loss and who are therefore still short. You’re in at an opportune price, and I wish you good luck managing the position. I’ll suggest diving for cover, though, if FB pokes even slightly above Friday’s high. _______ UPDATE (October 21, 11:06 a.m. EDT):  Shorts can relax now that this hoax has failed to surpass Friday’s high.  DaSleazeballs opened it on a bull-trap high that hit 54.81, but after the short squeeze died, the stock relapsed to a so-far low of 53.51. You might have covered half of the position down there, since there was a profit of $100 per round lot to be had. _______ UPDATE (October 22, 9:15 p.m. EDT):  With yesterday’s exhilarating swoon down to 52.20, anyone who shorted the 54.51 target above had a chance to cover a least a part of the position for a trading profit of $231 per round lot. If your gains thus far are even close to that, consider swinging for the fences with the widest trailing stop you can abide for what remains of the position. If you use an impulse leg-based stop, the 10-minute chart would take you out of  the trade at 54.04.  FYI, the next leg down will encounter support in the form of a midpoint pivot at 52.26.  If it fails miserably, look for the selling to continue down to at least 50.98, its ‘d’ sibling. _______ UPDATE (October 23, 7:58 p.m. EDT): The selloff has now hit 51.13, a nearly 7% decline from the recent high. If you’re still short, I’d suggest covering all but 25% of the initial position and swinging for the fences with what remains. One way you could do this would be to tie your short shares to an impulse leg-based stop on the hourly chart.  Currently this would imply closing out the position if FB were to thrust above peaks #1 and #2 without an intervening b-c correction. I’ve sketched this out on a new chart (see inset).  _______ UPDATE (October 29, 10:25 p.m. EDT): Facebook’s corrective low is now 49.25, representing a nearly 10% correction. Shorts should be on a hair-trigger stop at this point — prepared, even, to reverse the position and go long on the first bullishly impulsive pattern that occurs on charts of 5-minute degree or less. Those with no position should approach this trade even more aggressively.