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Fast Money Traders Share Their Views On Facebook

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Speaking on CNBC's Fast Money, Mike Murphy commented on a 6 percent decline in Facebook Inc (NASDAQ: FB). He is not shocked by the decline and he pulled the stock out of his playbook playoffs portfolio because he thought that there was not much in this quarter to move the stock 10 percent higher on the earnings. He saw more risk on the downside.

Murphy still owns Facebook Inc and it is still his largest position. He took protection before the earnings by selling call options, but there is nothing in this report that could make him think about selling. The company is spending money, but that was the case a year ago and he liked the results.

Stephen Weiss also thinks that spending is not a problem. He likes the story and he likes the company, but the valuation is still too high for him.

Jon Najarian bought the stock on Wednesday morning. He added that Facebook is not a mature company like Google Inc and he expects to see a lot of growth in this name. His year-end price target is at $84.

Posted-In: CNBC Jon Najarian Mike Murphy Stephen Weiss Fast MoneyMedia Trading Ideas

 

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