Apologies—I got the FB SELL Dead Wrong

Dear Subscriber,

Just a quick apology on my wrong call on our Facebook calls. We all knew the quarter was going to be its usual great quarter--and it delivered. My fear was that it was the guidance of lower margins and BIG $billion spending on compliance that would make this a "sell the news" event.

I SAT on this call for a few days...NO buy or sell calls can be made emotionally...but I thought the risk and reward was out of sink.

I was dead wrong. We had a half/size position...but losing money by selling too early is NOT how we usually roll. 

I was wrong. I apologize and we are looking at our sell protocol to see what we could have done better to hedge downside but let the long roll.

Toby