When we trendfollow stocks, we want to combine fundamentals and technical with a careful on the stock market itself. Facebook I recently purchased when it broke out for both reasons…technical and fundamental. It is extremely profitable…plus they are looking to monetize Instagram and whatsapp.

Yesterday facebook gapped on earnings and is at a new high. I will be putting in a buy stop at the highs with an additional 10% of my position. When a position works you want to maximize it. Please realize most trades do not work and one needs to have stops in place.

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