Setting Up Profits In Facebook Stock (FB) for Nov 17 2014

Nov 16, 2014 | Meta Stock (META), Trade Alerts and Ideas

I was impressed in the pullback in mid-October that Facebook Stock fell to just $70.32 intraday at the height of selling on October 15. The stock is showing decent form and reasonable strength despite questions about projected revenue growth and what the next year will bring financially for Facebook.

Since breaking above $70 in mid-summer 2014, the stock has not fallen back below $70. This is building a wide base of support for the stock down at the $70 level.

Facebook Stock Profits

This is my speculative trade for 2014. While volatility has declined making option premiums smaller, I am still generating significant returns from trading Facebook Stock. The key has been staying with the weeklies and using a variety of different strategies depending on the movement or the stock.

Here are a number of strategies I am using and what I will be doing next. Included is a full technical analysis of Facebook Stock up to Friday Nov 14 2014.

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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.