Facebook is a money making machine with the huge monetization potential of Instagram. It's a great company that is finally at a price point that is attractive. Here is my buying strategy coming into the earnings report later in the day.
Goal: get $10,000 of FB exposure 1st buy: 37 shares @ 133.50 2nd buy: 44 shares @ 114.80 Total 81 shares @ average cost of 123.18
I expect prices to dip after the Earnings report regardless of how good it is because of the current market conditions. This will allow you to get in at the extremely discounted prices I've listed above. If it doesn't get down to the 2nd buy point expect profits of about 21%. If both buy points are executed expect about a 32% gain.
First buy point of 133.50 hit on 11/19. Looking to add at $114.80 in the upcoming weeks or looking to sell at 160.
SteelyRivers
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Oops. $139 was your chance.
ProjectP
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2 days after earnings report is when all corporations are allowed to "BUYBACK" shares again. Highly doubt FB can or will dip down to those prices. Maybe I'm wrong?