Facebook: Just the beginning

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Obvious shorting candidate (and lets be honest, a nightmarish surveillance company... Stasi would be jelous...).

Anyway, Trade Parameters:
short-entry below 171.40
Target @ 150.80
SL @ 178

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Stoploss to break-even and let it ride....

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Target 1 @ 150.80 has been hit. COver half and let it ride with trailing stops (@166, for instance)

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Target 2 comes in at 128.60

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If still in short-position (we've personally covered 50% of shorts and keeping the other half with trailing stop) we suggest lowering stops to max 165. Down side remains very good, especially on the longer term, so no need to tighten stops too much at this point.