| Videos | Channels | Search |
Trade idea: Buy Facebook on Twitter "excitement"
Serge Berger, also known as the Steady Trader, is looking to buy Facebook, as it is holding up "very well" and because the upcoming Twitter IPO is creating "new excitement" in social media stocks.
He adds the stock has been consolidating over the past few days, and that since July, the it has been in a "steep slope".
As a result, Serge is looking to buy at USD 51.20, place a stop at USD 50 and his target is USD 53.
Twitter is expected to go public some time before Thanksgiving and has yet to determine pricing.
Analysts expect the company, which posted a USD 69 million loss last year, to seek a valuation of at least USD 10 billion.
Disclaimer
Saxo Bank Group provides an execution-only service. All information provided on Tradingfloor.com is solely for general information. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. Saxo Bank Group will not be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available as part of the Tradingfloor.com or as a result of the use of the Tradingfloor.com.
Please read our notification on
Non-independent investment research disclaimer
01:01 minutes
Tags: berger, big ipos, big sales, buy facebook, buy twitter, equity, equity market, facebook, facebook disaster, facebook excitement, facebook ipo, facebook shares, facebook stock, facebook twitter, financial markets, investing, investment, ipo, markets, money from twitter, money in facebook, money in twitter, news, profit, saxo, saxo bank, saxo tv, saxotv, selling twitter, serge, serge berger, social media, social media stock, stock sales, stocks, tech company, tech ipos, tech sales, tech startup, technology, thanksgiving, the steady trader, trade idea, trader, trading, trading in facebook, trading in twitter, tradingfloor.com, twitter, twitter cost, twitter disaster, twitter excitement, twitter going public, twitter ipo, twitter money, twitter profits, twitter public, twitter sale, twitter shares, twitter thanksgiving, twitter valuation, upcoming ipo, video