Aargh! Should have waited to buy FB after seeing GOOGL report. I thought bad news was priced in to both as cheap as they have gotten. FB has a RSI (5) of 18. Oversold.
FB- closed out my position last night on the ramp up. Actually added more shares before the close so it ended up being a good trade.
Re-evaluated this am and bought back in at my original small position size at 199.90. I think there is major macro headwinds ahead so treading lightly with growth stocks.
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