Well i am turning 18 and looking to forward to invest to stock market and the amount of information that i have came across is impeccable and unbelievable. I am huge fan of tech stocks and by looking at the tech stocks i look at Facebook and twitter and looking forward to invest in FB stocks,but the recent scenario has left me in complete haze whether to go for it or not.Facebook is just starting to find a way to leverage its other products, including Instagram, Whats App, and its own Messenger. These assets are predicted to help the company’s stock prices, only when Facebook monetizes them. I hope the scenario changes that will help the economy and help me in a great deal. Source: FB Stock
I wouldn't be overly eager to buy if I were you. Their growth seems largely priced in and the stock is on the momentum train higher. Maybe you can ride that train higher from here, but if sentiment turns you'll be facing nasty losses. If you're insistent on getting in I would wait for a bit of a dip to get a lower cost basis. It's currently in a gap and hold pattern failing to get over the gap high, if it does retrace I think $105 is a reasonable downside expectation.
There are always opportunities in the high flyers if you are patient. FB is a one of the FANG stocks (FB, AAPL, NFLX, GOOG) which are cult favorites, these are the stocks everybody runs to which could lead to amazing rallies, but also amazing sell offs when things go wrong. If you really like FB for the long term, wait for some opportunities, for example, here is a chart showing when FB hit below the 200dma (200 day moving average) which has been a nice time to add shares
I agree with Gil. Look for buying opportunities. Now is kind of a so-so time to get in with new positions. The overall market is pretty sketchy on which way it is going to go and leaning towards a pull back which I think could be 10 percent or more. When the next pullback comes and shows signs of trending back up is a good time to jump in. But, now is the perfect time for you to start looking at the different strategies of investing and decide what you are comfortable with. Do you want to be short term (get in and out of trades quickly with small profits), intermediate term (riding uptrends of growth stocks until the trend changes), or long term (safe dividend stocks that will grow over 10+ years). A combination of these works quite well if you have time to devote to following shorter term trades daily. Reading about the different methods of getting in an out of trades combined with some paper trading fake money is a great way to get your feet wet. Good luck...
Right Jerry It also largely depends on your time horizons. If you bought the peak in July 2015, you may have been underwater for a while, but it would have been ok.
