I am probably late to the party when I decided to pen my thoughts on this matter. However, I still feel compelled to write about the recent Facebook (FB) saga. For some background, this is what happened. After Facebook announced its Q2 2018 earnings on 25/7, the share price took a nosedive from its pedestal at $218 all the way down to close at $176 the next trading day. This represents a 1-day drop of approximately 20%, and is one of the greatest 1-day lost by the company. During that period, the 200-day MA is around $180, and so this drop fell right through the 200-EMA. (Yes, despite the title of the blog, I do use a bit of TA and in this case, the 200-day EMA is my gauge of strong price support,) In the days that ensue, a flurry of articles, facts, opinions, and hype went viral on the internet regarding this event. Almost every finance-related website I visited, this seemed to be the No.1 topic du jour . Since it was the largest holding in my portfolio, this even...