I added more to my Facebook Inc (FB) position today at $171.30. Facebook is still my 2nd largest holding.
The continued downward pressure continues to make for a good opportunity to add more or initiate a position. The valuation is great with a PEG of .80.
Not much new to say that I haven’t mentioned in previous posts, but getting closer to the total position I wish to have in this company at this time. If it continues to go down may pick up a bit more but not too much more as I wish to remain diversified and even if I like a particular company I don’t wish for it to dominate my portfolio.
Here is my previous analysis: Facebook Inc (FB) – Buy