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I don't like the price action when the market is up so much. I think it's fine to continue owning, but I'm dumping it.
This is a stock thats a buy and hold, if you believe in the fundamentals of the company. I think trading in social media, in general, will be volatile in the short term.
I am long FB, entered somewhere around $48 in late 2013 and kept buying as its risen. I'm a bit nervous about its current valuation, as it needs to continue at incredible growth rate to justify its P/E and market cap. But it also has hundreds of millions of users it has yet to monetize. I like this stock.
This is a stock thats a buy and hold, if you believe in the fundamentals of the company. I think trading in social media, in general, will be volatile in the short term.
I am long FB, entered somewhere around $48 in late 2013 and kept buying as its risen. I'm a bit nervous about its current valuation, as it needs to continue at incredible growth rate to justify its P/E and market cap. But it also has hundreds of millions of users it has yet to monetize. I like this stock.
I also think FB is a good long-term investment. I'm just an active trader, so I don't like to hold sideways moving stocks (besides SPY).
Bought 1500 STRL @ $4.00. Company had a really bad quarter. Listened to the conference call. New CEO sounded like he knows what he is doing and that this was a kitchen sink quarter
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