I've ridden this stock with call options from $20 selling on the way up. I'm now out of all my long FB positions as of yesterday and buying puts today for a short term trade. This could be a short term top IMO. Will probably sell off on the news next week. It's been a nice ride but it's time for this trader to hop off the momentum train! Best trade of 2012. I'll go long again if it gets back down to the 27-28 range.
If this is your decision, I respect that. I see actually this is how lots of the longs play. But, sometime of your life ( or say your investment career ) you wanna take a chance-- a chance of the life time ( again, same as above ) that you will be so happy for yourself of no regret . I will stick to it , maybe I will be so sorry to kick myself, but hopefully it's a decision make a big score which I will never forget. GLTA
Holding the stock should pay off in the long run. I'm a trader so I buy on the rumor and sell on the news and it paid off. I was long until it reached 32. Then went short just before the big news on Tuesday with Puts. I just sold my puts today and bought Feb calls. I'm following the technicals and this stock has massive support at the recent trading range high of $28.50. They should beat earnings so the stock should continue higher towards the IPO price of $38. Good luck!