Bought the 15% dip for Facebook

I put in a limit order this afternoon for Facebook (FB) at a 15% dip from it's recent peak of $54.83. It filled later in the afternoon, at the 15% dip price of $46.60. It did decline a little more to close at $46.20. Actually, it hit an intraday low of $45.73, before bouncing back at the close, suggesting a lot of day trading on negative sentiment.

 

I'll do another dip buy after another 5% decline  or so. Or, I may wait for a 10% decline, depending on how busy or attentive I am.

-- Jack Krupansky