Facebook approaching a buyable dip

Facebook (FB) has had a long run since my last dip purchase at $23.82 in June, but has now pulled back significantly from its recent peak of $54.83 peak. My threshold for dip buying is 15%, then 20%, and then 25%. A 15% dip would be at $46.60, which would be another $0.96 lower than the closing price of $47.56.  A 20% dip would be at $43.86, and a 25% dip would be at $41.12.

 

Flip a coin whether FB falls further or sharply bounces back – or falls AND sharply bounces back.

-- Jack Krupansky