Don’t Chase Facebook
The market is slightly extended in the short-term and Facebook’s positive earnings reaction is adding a little more fuel to the fire. Facebook is up $12 dollars pre-market, this is a huge gap for a stock that has 2.3 billion shares in the float. Chances of Facebook digesting this gap up for a few weeks is a high probability event, don’t chase it.
With the market so extended in the short-term, good risk-reward swing set-ups are drying up. There aren’t many out there right now. Over the next 5-days or so I will be extremely selective with new buys.
We are in the middle of earnings season and it’s going to heat up next week with over 1,400 stocks reporting, check the earnings date for your holdings and potential buys. Holding through earnings is a crap shoot.
STOCK OF THE WEEK RECAP
Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at firstname.lastname@example.org or 646-480-7463.
We live in a world in which we are bombarded with information, tweets, blogs, etc., content is the new salesman, content is the new marketing, content is the new networking. With information being so readily available, bloggers try to differentiate themselves with their writing skills, volume, and consistency, putting out blog posts to meet quotas. We are seeking to stand out from the crowd by showing performance, by taking all the information and seeking alpha, that’s the sole purpose of the blog. It won’t always be pretty; it’s never easy, and performance is spotty, but we seek superior risk-adjusted returns, not notoriety for our writing skills. If this is something you can relate to, then this blog is for you.
This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this blog constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog. The stocks presented are not to be considered a recommendation to buy any stock. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.
Share This Story, Choose Your Platform!