Facebook Can Weather Big Storms

Last Thursday’s market decline had me watering at the mouth, mainly because of the decline of a few stocks on my shopping list. Facebook (Nasdaq: FB) is one of those names, and it’s the kind of stock I think you have to buy when the market goes on sale. Facebook can weather big storms. Unlike Tesla (Nasdaq: TSLA), which I recommended the sale of last week, Facebook (FB) is a momentum name I’m itching to purchase even today. I was lonely when Facebook dipped under $20 a few years ago when I was telling everyone and anyone to buy it. Back then, believe it or not, there were few of you saying the same thing. As it moved toward $30 I continued to reassure friends and followers that it was still a screaming buy. And now that it’s trading in the upper $70s, I’m still looking for entry points for this big future 10-bagger, as Peter Lynch would put it. See the full report on Facebook here.