Fakebook or fakeface whatever, could fall another $10 and it would still be in an uptrend. Time to buy. https://www.barchart.com/stocks/quo...le=0&sym=FB&grid=1&height=500&studyheight=100 The shorts....their pants will get fried which will only encourage the longs even more.
So you’re ~2% ($3-$4) out of the money on your long already in less than a day. Now what? Holding. Adding. Cut loose?
Public service announcement to anyone who thinks they're being in any way clever or funny or cute or anything but moronic...stop appending some word to the first or last syllable of the person/place/thing in some failed sophomoric attempt to insult. Libtard, trumptard, fakebook...just stop already!
Actually it was figuratively speaking, in as much, plastered all over the press was "biggest loss in history". In terms of a buy, I like to see a close convincingly above the previous day's high. The fact is, fb is still in a longterm uptrend, coming onto support, perfect place for a fantastic entry, so long as price does not indicate a collapse on longterm support.
That today is a good enough signal for me to go long, were I monitoring that realtime, entry would have been just prior at close of trade today.