Thursday, May 31, 2012

FB Cont.

I normally wouldn't chase something like FB, but in my opinion the stock needed to show us something in price as it is so new and we don't have much 3C data on it. That being said, maybe because it is so new, I haven't seen many positive divergences that were that strong.

It seems like accumulation was already in motion by the time I posted on May 29th (Tuesday), the additional accumulation in to lower prices looks very strong, maybe this is MS trying to make their money back?

In any case, I don't mind throwing 7.5% of portfolio money at it and see what happens on a divergence that amazingly strong.

FB with a little "Show me" action in price.

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