Lock In Facebook Profit Before Next Pop

After rocketing 67% higher following a blowout June quarter, Facebook (FB) shares drifted lower the last two days and that has caused many to jump aboard the negativity bandwagon. Some have started to say that investors should take their profits. Generally speaking I try to be a prudent investor and that means trimming back positions to lock in gains when it's called for. The move in Facebook shares is such an example, but trimming back and selling out entirely are too different things -- one caps your profits today while the other books some profits and lets you participate in any additional upside not to mention any downside from where you trimmed back the position.

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