The story of the week has got to be Facebook’s 20% drop in one day. I am sure everyone has their own take on it, but personally I felt the price drop was unwarranted. I don’t want to launch into a full discussion on it before I’ve had a chance to really look at the earnings call transcripts, but if I were to make a guess, I would say that the 20% drop has opened up a good buying opportunity for long term Facebook investors. I quite like this stock, so I may look to rotate some capital into Facebook going forward. As always, it pays to be patient after such a large drop, so I will be monitoring the price closely over the next few trading days, before deciding when to open a position.
The Weekly Horse
All Financial Horse does in his free time during the week