My charting and isolators tell me somewhere around 29.50, if there is continued momentum. If FB can break and hold above 30, I think you are looking at around 33 before any substantial profit taking that could drive it down to just below 27, maybe even to under 25, where a try for a base could be. I think there is a risk and enough time between now and Christmas and/or the end of the year that we can have an intermediary sell-off. But, if what we went through was part of an early Christmas rally, I think it would pick up again when this inflated hype about the"fiscal cliff" gets done and becomes a spark, catalyst for a year-end rally.
This is a buy low sell high stock, not short high cover low stock....
Buy low at full force of original allocation. Set a good target and hold at least 50% of total allocation as core. Remaining adjustable up to 50% capital for trading.
Take profit at high, but remember to buy back with full amount of the proceed at the dip in order to gain shares without additional capital.
JMHO of how to manage FB. GLTA.
Eventually FB will go back to its real value, which is probably at around $15. However, stock price can deviate from its real value extremely and for years. GS has been pumping FB. Nobody knows when they will dumping. If you have money and do not need them urgently, you may just wait or even short more.
I went back and read some of your other post and you are far beyond Zoloft! You should try something a little closer to your needs thorazine? You need to do things that calm your system and try not to put any more stress on yourself than needed GL Mike