Look at the Bigger Picture, the UPTREND is still intact $FB
If you a take a step back and look at the bigger picture, the uptrend is still intact. Fundamentally, the earnings weren't disastrous. I felt that physiologically, too many people piled into FB in the past few months with a very optimistic view and once they heard a droplet of bad news, they over-reacted and the stock plummeted. However, hindsight is 20/20 but playing earnings is many times like flipping a coin. I've taken advantage of this recent drop and have purchased future dated call options.
--
DISCLAIMER
Disclosure: I/we have positions in the investments/securities mentioned.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose investments/securities is mentioned in this article.
--
DISCLAIMER
Disclosure: I/we have positions in the investments/securities mentioned.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose investments/securities is mentioned in this article.