Facebook

Yes, I’m taking a break from it because it’s going to be in build-up phase for a while. I sold out at the end of April because it seemed earnings weren’t going anywhere soon and neither was the stock. I sold at an average price of about $80 and it closed yesterday at $80.55 while my portfolio on average has done much better.

Karen, I just looked back at my end of the month summary for the end of April. I was up 20.0% at the time I wrote it. I’m now up 31.2%, so my entire portfolio is up 11.2% in the past month, and FB hasn’t budged. That’s why I’m not in it. Not that it’s going to crash, just, as I said, that it doesn’t seem that it’s going anywhere for the time being. I definitely keep an eye on it though.

Saul

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