IMF_Trading

$FB bleeding slowing

NASDAQ:FB   FACEBOOK INC
$FB

Bounce of the $209 (.236 FIb) landed @ $220 for the day.

Lot of blood in the streets from people dumping due to the ad spend boycotts.

Have to question how much money that is really going to cost them long term?

If you can stomach the volatility and support can hold over 215, might be able to make the swing back to $225.

Looks like a high risk low reward play to me at this point and might be able to find something better to swing.

Most people are not going to be able to time the entries and exits on this one.

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