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Rarely shared Facebook tips
Facebook shares are hot property for trader Serge Berger. As the world’s largest social network gears up to launch its latest quarterly results, the Swiss based trader gives four pieces of advice for investors looking at this stock.
1. Facebook is an attractive stock to trade. Serge thinks we can see a 15-20 percent correction and long term it’s a stock to be “at least involved in”.
2. Levels to watch out for. On the upside, Serge is looking at USD 59 and on the downside USD 55.
3. Beware the stock is still “young”. But he warns there is still a lot that could go wrong with Facebook and in fact the entire industry still has a lot to prove.
4. Do sell if the stock drops below USD 50.
Last week a group of Princeton researchers published a paper that suggested Facebook could lose 80 percent of its users by 2017. As of September 2013 Facebook had 1.2 billion monthly active users.
Facebook celebrates its 10th birthday on 4 February.
01:33 minutes
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