So the biggest news of last week was Facebook (FB) dropping almost 20% last week due to poor expected growth.
You can read all about it from so many various sources here, here and here.
For me, I came back in the evening and surfed through my Facebook news feed and then came across the famous Sean Seah of Value Investing College doing a live broadcast in a car about Facebook. He strongly recommends it and I really bought into his rationale of wide moat, growth forecast and the generally broad idea that no other company can replicate its current business model.
Immediately after that, I logged into my SaxoTrader account and bought Facebook at 176.75.
This position is suffering a slight loss right now, but let's see if we will see a relief rally or a further selldown in the coming week.
Fingers crossed!
HUAT AH!!!
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