My thought process was to buy any dip in Facebook, so when I saw the Cambridge Analytica dip from the 220s to 175, I immediately jumped in. After Facebook dropped to the 120s, I felt really stupid. I was thinking about buying a lot of shares in the 150 range, but didn’t have any free cash sitting around.
My original plan was to hold it for at least a year, and sell it at 250+ (about 15% higher than the all time high). Looking back on it now, that seemed like a very ambitious goal for such a short time period.
I’ve highlighted my entry and exit on Facebook stock, and this was the longest I’ve ever held a stock.
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