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Contrarian Investing-Facebook?
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Originally Posted by Whosonfirst
FB may fit into one of my contrarian plays since it's still the big boy in this sector. Like some other recent contrarian plays, the effect of this possible fine for a data breach may already be priced in. JNJ only dropped slightly after their talc lawsuits, so the same might happen to FB as well. At any rate it will remain on my watch list. We've owned this previously in my wife's IRA, and it was by far her biggest gain over the last two years. I regretted not putting it into mine.
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Looking at a possible bottom on FB? Closed over the 8 day EMA yesterday for first time in about 3 weeks. MACD is hinting at going positive. Will wait for confirmation. Just wanted to add that FB is a cash generating machine who converts roughly 32% of it's massive revenue into cash.
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One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
Last edited by FakeNameChanged; 10-17-2018 at 07:31 AM.
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