Anyone bullish on Meta?

odanny · Oct 28, 2022

Meta Platforms, Inc. (META) Stock Price, News, Quote & History - Yahoo Finance

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The problem for most casual investors is wondering just what Meta's plans are for the future. If it is AI and other forms of alternate reality/gameplay than investors can only speculate, and FB is not the profit generating machine it once was, in a now crowded field.

In one year the stock has gone from $340 to $99. That is a precipitous freefall, but it if rebounds even halfway, you can double your investment.

JoeMoma · Oct 28, 2022

If it is AI, it might be SkyNet by another name.

Toddsterpatriot · Oct 28, 2022

McRib said:
Meta Platforms, Inc. (META) Stock Price, News, Quote & History - Yahoo Finance

Find the latest Meta Platforms, Inc. (META) stock quote, history, news and other vital information to help you with your stock trading and investing.

finance.yahoo.com

The problem for most casual investors is wondering just what Meta's plans are for the future. If it is AI and other forms of alternate reality/gameplay than investors can only speculate, and FB is not the profit generating machine it once was, in a now crowded field.

In one year the stock has gone from $340 to $99. That is a precipitous freefall, but it if rebounds even halfway, you can double your investment.

What if it drops another 70%?

MarathonMike · Oct 28, 2022

Meta is very risky imo. If Musk lays of 70% of Twitter staff, Twitter would be a better bet.

Harpy Eagle · Oct 28, 2022

Toddsterpatriot said:
What if it drops another 70%?

Thus is the fun of the market.

At $99 a share right now it is too high to take the risk on. You would have to pump a lot of money into it to really take advantage of it when it goes back up.

odanny · Oct 28, 2022

MarathonMike said:
Meta is very risky imo. If Musk lays of 70% of Twitter staff, Twitter would be a better bet.

Can't argue that, but I see Meta hovering at $150 if it were to not lose money in the next quarter. I'm not sure how long it can keep hemorrhaging money before they have to make a radical change in their future outlook. I might buy up a 100 shares and play the long game.

Edit: OK, I just bought 69 shares, as that was all the cash I had available, at this price, I think it's a good risk, and I'm not in very deep.

westwall · Oct 28, 2022

McRib said:
Meta Platforms, Inc. (META) Stock Price, News, Quote & History - Yahoo Finance

Find the latest Meta Platforms, Inc. (META) stock quote, history, news and other vital information to help you with your stock trading and investing.

finance.yahoo.com

The problem for most casual investors is wondering just what Meta's plans are for the future. If it is AI and other forms of alternate reality/gameplay than investors can only speculate, and FB is not the profit generating machine it once was, in a now crowded field.

In one year the stock has gone from $340 to $99. That is a precipitous freefall, but it if rebounds even halfway, you can double your investment.

Nope, meta is in free fall. The sooner it declares bankruptcy the better.

okfine · Oct 28, 2022

McRib said:
Meta Platforms, Inc. (META) Stock Price, News, Quote & History - Yahoo Finance

Find the latest Meta Platforms, Inc. (META) stock quote, history, news and other vital information to help you with your stock trading and investing.

finance.yahoo.com

The problem for most casual investors is wondering just what Meta's plans are for the future. If it is AI and other forms of alternate reality/gameplay than investors can only speculate, and FB is not the profit generating machine it once was, in a now crowded field.

In one year the stock has gone from $340 to $99. That is a precipitous freefall, but it if rebounds even halfway, you can double your investment.

I saw Jim Cramer crying on TV. Fuck Zuckerberg, too.

odanny · Oct 28, 2022

okfine said:
I saw Jim Cramer crying on TV. Fuck Zuckerberg, too.

Yea, I heard about that. Cramer could have a greatest hits of stocks he touted that crashed, and Meta would be Number #1.

Note to investors: Never listen to touts like Cramer, they are clowns and for entertainment only.

toobfreak · Oct 28, 2022

McRib said:
Anyone bullish on Meta?

I'd try to pinch a loaf or two on Mark's head when I can.

McRib said:
In one year the stock has gone from $340 to $99. That is a precipitous freefall, but it if rebounds even halfway, you can double your investment.

Do please sink your life savings in it! Woke is going broke.

odanny · Oct 28, 2022

toobfreak said:
Do please sink your life savings in it! Woke is going broke.

I just sank your life savings into it.

MarathonMike · Oct 28, 2022

McRib said:
Can't argue that, but I see Meta hovering at $150 if it were to not lose money in the next quarter. I'm not sure how long it can keep hemorrhaging money before they have to make a radical change in their future outlook. I might buy up a 100 shares and play the long game.

Edit: OK, I just bought 69 shares, as that was all the cash I had available, at this price, I think it's a good risk, and I'm not in very deep.

Good luck. I still think Twitter with a stellar CEO and a massive cut in payroll that will go right to their bottom line is the better bet, but who knows? Social media is very fickle.

Oddball · Oct 28, 2022

Toddsterpatriot said:
What if it drops another 70%?

The clown Cramer will go on air and cry some more.

OhPleaseJustQuit · Oct 28, 2022

MarathonMike said:
Meta is very risky imo. If Musk lays of 70% of Twitter staff, Twitter would be a better bet.

I think I need to call my broker. Twitter is likely to become a very different animal really soon, since conservative who have been driven off outnumber leftists 3:1.

Oddball · Oct 28, 2022

OhPleaseJustQuit said:
I think I need to call my broker. Twitter is likely to become a very different animal really soon, since conservative who have been driven off outnumber leftists 3:1.

I dunno.....It's overvalued even after the big drop....What do you think will happen when it's revealed that half the "posters" there are bots?

westwall · Oct 28, 2022

Oddball said:
I dunno.....It's overvalued even after the big drop....What do you think will happen when it's revealed that half the "psters" there are bots?

Half? More like 70%

Toddsterpatriot · Oct 28, 2022

OhPleaseJustQuit said:
I think I need to call my broker. Twitter is likely to become a very different animal really soon, since conservative who have been driven off outnumber leftists 3:1.

You can't buy Twitter.

Toddsterpatriot · Oct 28, 2022

MarathonMike said:
Good luck. I still think Twitter with a stellar CEO and a massive cut in payroll that will go right to their bottom line is the better bet, but who knows? Social media is very fickle.

Doesn't matter if it's a better bet, you can't buy any.

OhPleaseJustQuit · Oct 28, 2022

Toddsterpatriot said:
You can't buy Twitter.

Really? Do you think Musk will go public? Are you sure?

:boo_hoo14:

Toddsterpatriot · Oct 28, 2022

OhPleaseJustQuit said:
Really? Do you think Musk will go public? Are you sure?

He's not going public today.

Anyone bullish on Meta?

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