Fast Money Says People Taking $ Out of APPL and Buying FB LINK/////
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Fast Money 1/9/13 FB Magnet to $38: Mike Murphy
Facebook 'Has Magnet to $38': Mike Murphy
Ahead of a scheduled announcement from Facebook, Rosecliff Capital's Mike Murphy explains why he's bullish long-term on the social media giant.
Ahead of a scheduled announcement from Facebook, Rosecliff Capital's Mike Murphy said Wednesday that he expected strong, long-term performance for the stock.
"I'm long-term money in Facebook," he said on CNBC's "Fast Money."
Shares of Facebook broke above $30 after the company sent out invitations for an unspecified Jan. 15 announcement, and Murphy said the stock would continue to climb.