This is our second sale of our position in Facebook (FB) stock. We believe in profit taking when we have triple digit gains. The stock charts are beginning to weaken and I am concerned about weakness in the S&P 500 and fear a stock market correction. We like Facebook stock longer term but given how overbought the stock currently is and the fact that we had a 109% profit I decided to sell another third of our position.
Congratulations TCT members with a 109% gain!
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