This post was just published on ZYX Buy Change Alert.
20% of the full core position size is being held from an average price of $25.77 for the medium-term. Profits were previously taken on the associated short-term trade.
FB earnings were a mixed bag. Mobile was better than expectations but desk top was worse than expectations. There is no doubt that mobile is more important but losses in desktop are not a good development.
We are in a market where good news is great news and bad news is good news. The result is that FB stock is trading up to $28.91 as of this writing.
What To Do Now?
Those in the stock may continue to hold.
Those not in the stock may consider starting a 20% tranche on a pullback into the zone of $26 to $26.75.
