While updating my stops during this totally bizarre day, I noticed that I had a nice profit in Facebook (FB) even though I had just shorted in earlier today. I glanced at the intraday, which showed – – in contrast to just about every other stock out there – – a nice slip:
The basis for shorting Facebook, before that drop happened, was that fact it was persistently below its broken trendline. Any huge stock that isn’t thriving in this insanely bullish environment has got something seriously wrong going on.
