3/27/2018 Buy Facebook. Now?

Just gotta text:, "Facebook is on sale. If you can get in at $152, you've scored. :)"

Well I certainly want to score, so let's take a look.

For starters the 52 week low is 138.77, that is way South of 152.

Facebook has been in the news with Cambridge Analytica, and that is probably the MICRO force that drove the most recent drop.

However, more importantly, the stock market in general and tech in particularly is dropping and that is the MACRO force behind this curve.

The biggest problems Facebook has at this time are:

1) Loss of younger people to other services such as Snapgram and Instachat.

2) The side effect of the fake news, extremists, trolls etc, is an increasing number of people are just getting tired of it. And since the FB business model is to sell your data, that is, in a word, bad.

Conclusion: buying on dips is smart. There probably are bargains out there in tech world. AMD, for instance is well worth watching. But, at the current price point, I will pass on FB, if they hit 80 wake me up!