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Did a little buying yesterday in FB and CG
Posted on 5/15/13 at 11:27 am
Posted on 5/15/13 at 11:27 am
I put on a starter position in each stock. Will add when price is ~4% higher.
Posted on 5/15/13 at 11:39 am to LSU0358
I'm thinking about starting a position in CVRR. Getting beat up badly on a SPO.
Posted on 5/15/13 at 1:24 pm to Vols&Shaft83
quote:
FB? Why?
On the fundamental side I like the revenue, quarterly YOY growth, and cash to debt ratio.
On the technical side it's a good low risk trade for me. If it drops below $24 I'd exit my position with a ~$3 per share loss. This is an 11% loss for my initial entry, which is only 1/3rd of the total position I want to have, so 3.7% risk for my total position.
I think FB has potential to be a good company, it was just overvalued by 30-40% at its IPO with no proof that it could generate an income.
Posted on 5/15/13 at 1:26 pm to OnTheBrink
I've worked at there Coffeyville refinery and I just can't bring myself to own any of there stock. I haven't been there in 3+ years but back then there management was a disaster.
Posted on 5/30/13 at 5:46 pm to LSU0358
quote:
If it drops below $24 I'd exit my position with a ~$3 per share loss.
Curious if you exited this position yesterday, then looked the price today and did one of these
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