Tuesday, September 10, 2013

FB: Still not excited

Facebook Inc. (FB) on Monday peaked at $44.79, which is 21 cents away from its all-time high (which was also its initial public offering opening price). The next day -- today -- FB pulled back 2.9%, to a low so far today of $43.47.

In July, at the time FB began its present rise, I posted reasons why I wasn't yet excited by the high-profile stock.

I'm still not excited, for the same reasons. The essay, "FB: No Trade", can be read here.

My trading rules can be read here. And the classic Turtle Trading rules on which my rules are based can be read here.

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.

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