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Financial advisor: Tech stock will recover losses, so buy

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Even if technology stocks continue to decline, buying at a price drop may be a good idea, say financial advisors.

Market observers are on the brink as technology stocks continue to fall. Nasdaq closed down 1.37% lower on Monday at 7.630, with Twitter being the biggest loser by 8%. FANG shares also closed lower, Facebook fell 2.1%. This decline is after a second-quarter earnings statement.

Some valuable investors, such as Christian Bertelsen, use the opportunity to add more technology shares to their portfolio.

"Facebook enters my range," said Bertelsen, Chief Executive Officer of Aviance Capital Managment. "People continue to use these social networks"

He recommends investors "wait for the right price you want and then buy."

Source: CNBC

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