Sell Alert: Facebook (FB)
TRADE INSTRUCTIONS
Date: July 12, 2017
Name: Facebook
Symbol: FB
Type: Close
Limit: Sell at market
TRADE RATIONALE
It seldom works out this neatly, but one day before our target holding period for Facebook is due to expire the stock hit our target price of $157, so we’re closing out this position and booking a nifty 12% gain in three months for a 48% annualized return. Let’s see how many ‘likes’ we can get for this trade!
Stock Talk
Benny K
Great trade Jim, I bought the 6/16/17 135.00 C on 4/13/17 and STC on 6/5/17 for a 128% gain in 53 days.883% annualized, Thanks
Jim Pearce
Benny – Nice trade, Love it!
You must be logged in to post to Stock Talk OR create an account
You must be logged in to post to Stock Talk OR create an account
HowieA
BTO Sept 15 140 call for $8.76.
STC at $20.50.
Nice.
Thanks Jim
You must be logged in to post to Stock Talk OR create an account
Rick
I also went the option route and bought the $140 Sep Calls at 8.62 on Apr 13. I also lowered my investment by selling a put credit spread for Sep with strikes of 120/130 for a $2.13 CR, so my basis is $6.49.
I am choosing to stay in, even though my gain at last trade of $20.45 is 181.4%. I understand why Jim is selling giving that this is the end of the period, But I think there is more upside and am willing to let anyone say I told you so, if FB craters.
Thanks for the great pick, Jim.
You must be logged in to post to Stock Talk OR create an account
Janis Bell
I decided to hold on for a few more days. Almost up another $6 per share. Thanks to Rick for talking about the continuing upside.
Derek: Las Vegas, NV
Nice! VectorVest still has FB rated as a buy and puts a value of $187.22 on it.
Derek
You must be logged in to post to Stock Talk OR create an account
Janis Bell
I sold today for 174.67 even though my limit was 166.50 (it opened way above yesterday’s close). Pretty superb profit, even if there is more upside, I am happy with 34.87 per share in less than 4 months.Thanks Jim!
You must be logged in to post to Stock Talk OR create an account
You must be logged in to post to Stock Talk OR create an account
Add New Comments
You must be logged in to post to Stock Talk OR create an account