META Bottomfishers?

Cramer is on pretending to cry for calling META a buy into earnings.
I worked at a company with a founder CEO a long time ago. He needed to walk away or step into a Chairmanship position as he didn't know how to run the company after the initial growth phase. He made mistakes that buried the company and we were eventually taken over for next to nothing but the value of some of our assets. I don't think META is going away or will be taken over, but I do think Zuckerberg is not the best choice for the company and he is responsible for its issues now and I don't think he has the knowledge or capable thought process to manage it out of this hole on his own.
I made good cash on Facebook stock, and haven't been in since it has been META. I trade, but this is a pass for me for now. At the same time I'm sure there will be a bounce for some cash to be made.
 
meta is an entirely different company from facebook. this is the first foray into something the founder came up with.
 
2rosy said:
meta is an entirely different company from facebook. this is the first foray into something the founder came up with.
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Agree.
The future of Meta will show if Mark Z. was just a very lucky smart guy, or if he really is a visionary.
 
cesfx said:
Agree.
The future of Meta will show if Mark Z. was just a very lucky smart guy, or if he really is a visionary.
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It was not luck. Watch videos of him speaking 15 years ago. He has the IQ and the ability to work his butt off. But he can't buy a Ready Player 1 sort of environment. You need the right people and until he's showing off those people and their revolutionary prototypes this is not a company to invest in. No amount of money on its own will make this happen.
 
I bought some more at $99.70. Trying lower my inventory of overpriced USD at this point. I am happy to build a position at these prices for a 10 year holding time. I can eat a 50% draw from here.
This free cash flow table from the earnings call is so ugly
metacash.png


I can see how long term investors here are asking themselves what the fuck are they doing with spending in this macro environment.

IMO the tech visionary leader stuff is mostly bullshit. This is a giant company with 80k employees an all kinds of optionality going forward.

I think the metaverse is dead on arrival. I am buying their AI business and all that sweet sweet data.
 
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Does posting live trades ever work for someone? It just makes it harder for you to get out of the trade, because you've brought more eyes on your decisions and judgement and every person has a confirmation bias to some degree for everything in life... You want to be right, you hate to be wrong, you hate the fact that people would know you are wrong... and even if that doesn't happen for a single trade, when you re-enter 5 times and get stopped out it will affect you after that... The discussion of trading systems, screening process and approach towards the markets is more valuable and is as neutral to one's natural biases as it can be, compared to live trades posting.
 
KCalhoun said:
View attachment 298268 as i type this its 7:37amET its at 100.4... for a daytrade i'll start buying over 101 , eg 101.4+ etc /not a reco...

ideas?
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I have daytraded stocks like this (top losers on the scannner) and if you wait for the first flag you can consistently get the second bounce, when you're lucky. :D The strategy came out ahead overall, but not nearly as good as just buying good stocks after a pullback. Those were the days of MAXIMUM QE!
 
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