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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (108663)7/26/2018 8:01:23 AM
From: SGJ2 Recommendations

Recommended By
GROUND ZERO™
Machaon

  Read Replies (1) | Respond to of 222604
 
FB has gotten trashed before and recovered. I owned it back a few months ago and sold at 190 before Zucker went before the Congressional committee and it crashed to 150. I decided at that time I didn't like the company or how it operated, so I never bought it back. Of course, it recovered from that and I still have bought TQQQ (which is over 5% FB )and have a lot now.

I have a lot of great individual tech stocks that are growing faster and/or more profitable than FB and after earnings have gotten trashed if there is the slightest doubt that growth may slow in the near term, for whatever reason. See RHT for one. STM got hit bad yesterday for just a nuance of a hint of slower growth after a great earnings report. This is a vanguard tech company too, although lesser known than FB. In these instances, I have waited a bit to let the fear subside and then started buying at the money call options. As long as the company has not materially changed, and we are just talking about percentages of increase of growth, I am confident the price will recover. Same here with FB.