Friday, March 28, 2014

Dan Niles Likes Facebook

When Dan Niles made the comment that he liked Facebook (FB) yesterday on CNBC that was good enough for me. I respect the man's judgement when it comes to stocks.
I looked at the chart and immediately bought some. Today the "bottom" looks set to hold.

I often disparage dipbuyers. But I buy dips quite often. The difference is that I will sell them fast if they don't perform. I won't fall in love with the "investment".

Here are a couple charts of things to look for when buying a dip.

That 5 minute chart was just a few minutes ago.
Add to a position if we go higher today.

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