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'Fast Money' Recap: Why You Should Really Like Facebook Now

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Shares of Facebook (FB - Get Report) climbed 1.3% on Wednesday and an additional 4% in after-hours trading following the company's revenue and earnings beat.

"These numbers were fantastic," Tim Seymour, managing partner of Triogem Asset Management, said on CNBC's "Fast Money" TV show. The stock can continue to move higher, at least for the next quarter or so, because the company's revenue growth remains very impressive.

Pete Najarian, co-founder of optionmonster.com and trademonster.com, is long the stock as a trade but plans to take profits on Thursday. While the results are very good, he pointed out that shares have rallied 13% before earnings and are now up even more following the results. The stock seems likely to trade sideways for a while, he reasoned.

Guy Adami...


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