Did a little buying yesterday in FB and CG | TigerDroppings.com

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LSU0358
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Member since Jan 2005
5222 posts
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Did a little buying yesterday in FB and CG



I put on a starter position in each stock. Will add when price is ~4% higher.






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OnTheBrink
Alabama Fan
TN
Member since Mar 2012
3821 posts

re: Did a little buying yesterday in FB and CG


I'm thinking about starting a position in CVRR. Getting beat up badly on a SPO.





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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
15864 posts

re: Did a little buying yesterday in FB and CG


FB? Why?





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LSU0358
LSU Fan
Member since Jan 2005
5222 posts
 Online 

re: Did a little buying yesterday in FB and CG


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.






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LSU0358
LSU Fan
Member since Jan 2005
5222 posts
 Online 

re: Did a little buying yesterday in FB and CG


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.





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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
15864 posts

re: Did a little buying yesterday in FB and CG


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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