Wednesday, March 30, 2016

Buy Facebook (FB), Sell Oil Equipment Services (IEZ)

Bought Facebook (FB) for the following reasons;
- I am personally using Facebook more to subscribe to events.
- Many colleagues have told me Facebook is best place to AB test content marketing ideas.
- Searching for products still doesn't work but it would be a huge gusher if FB ever fixes it.
- Google appears to have given up on social networking.
- Snapchat is serious competitor having siphoned off college market.
Price: $115.96
Trade/Portfolio: 2.30%
Position/Portfolio: 10.11%

Sold More results iShares Dow Jones US Oil Equipment (IEZ) for the following reasons;
- Better places to use money in next few months.
- Take a capital loss and consider re-entering after wash sale period expires.
Price: $35.13
Trade/Portfolio: 3.80%
Position/Portfolio: Closed


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