Closing 1 Trade (FB & PYPL)

By: ispeculatornew
Date posted: 04.02.2017 (3:05 am) | Write a Comment  (0 Comments)

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Good Sunday morning! Tomorrow morning, I will be closing out one of the 7 live trades, as I close the Long Facebook (FB) and Short Paypal (PYPL) trade that was started on January 3rd. The trade currently stands at +21.10%. Last week I wrote a deeper dive into my thoughts about Paypal on SeekingAlpha, you can see it here:

Paypal is standing on the edge of a cliff

Facebook on the other hand has been doing tremendously well and while it continues to be under fire for a few things, I do like what I’m seeing out of Facebook and will certainly write more about it soon. There’s also a decent chance that I’ll be opening a new long & short trade with Facebook and as you know, it does remain my biggest single stock position.

As is always the case, you can see my 2017 (and past years) long & short stock picks and returns here:

http://www.intelligentspeculator.net/livetrades

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