So far Facebook (FB) opened at $42.05 and traded down to retest the $38 price. Weaker than expected but there was a TON of supply. We mentioned to see how $38 holds, and after chewing through some of the green shoe down there, it bounced. Once it hit $38.30, the strategy was to BUY 38.30 vs. $38 (stop at $38). We are now 35 minutes into trading, I will look to hold it from that level…
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