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Why I’m shorting Facebook: Berger
Serge Berger, of thesteadytrader.com, explains why he is selling Facebook shares.
The US social media giant reported very healthy Q2 earnings with strong mobile monetisation.
Berger, who noted that the stock rallied and then faded, is planning to sell short shares of Facebook at $124 or higher with a target of $120 and a stop loss at $127.
01:24 minutes
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