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Facebook, Inc.
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FB Options Facebook-FB. has seen a pre-news pop at the beginning of the year , followed by a rather normal SPX-500 correlated track, until the Media event. Since then it has seen some further weakness, to now trade below it's 200ma.-$172.? My interest is this weekend, Should I hold my recently entered Apr 20th. 160 put( bought) I am thinking anyone wanting to purchase FB in this atmosphere, will find willing sellers. So will hold thru weekend and role the dice...currently showing about 50% gain. on a three day entry........So should sell, and the book profit today. Then re-enter as observations warrant. Problem is....the 30min chart , and the 10min charts show the price unable to break above any resistance , and the daily chart show support @$160, with next support around 153 - 150. I have concluded to hold the position, and classify it as my market long positions hedge That will avoid the mirror reflecting stupid when FB rockets burn the paper gains. Best Rgds; R....................
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