That is why I stated I only despise this strategy as an option trader since it is not a viable approach with options due to time decay and expiration. (It was meant to be subjective.)
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META Likely bottomed
- Thread starter Master Pu
- Start date
I put on a swing trade long late Friday at $133.22. I love React but hate everything else about this company so just held my nose.
Looking for a bounce and then sell to dip buyers who have convinced themselves there is value here at this price.
Long term, I just think the metaverse is stillborn and dead on arrival.
Hard to get more negative sentiment than this though without something blowing up.
Looking for a bounce and then sell to dip buyers who have convinced themselves there is value here at this price.
Long term, I just think the metaverse is stillborn and dead on arrival.
Hard to get more negative sentiment than this though without something blowing up.
The problem with meta—
The kids don’t use it .
The kids don’t use it .
Yeah, but kids dont' account for click-thru ad revenue. The older folks do.
According to Mr. Wonderful (from Shark Tank) Facebook is irreplaceable for its geoadvertising ability. I don't think that even Google does that. I've personally never received any local business ad from Google.
I think ultimately they still can't compete with the TikTok phenomenon, even YouTube has lost market share to TikTok.
I think ultimately they still can't compete with the TikTok phenomenon, even YouTube has lost market share to TikTok.
It is so cringe and bad it makes me want to buy more as the purist of contrarian bets. I couldn't pull the trigger yesterday though so I don't think I can do it today.
Thinking more about it, I have established a core long term position instead of a trade. I am more interested in the optionality in the next decade with AI from the team that built PyTorch than this laughable Metaverse bullshit.
Thinking more about it, I have established a core long term position instead of a trade. I am more interested in the optionality in the next decade with AI from the team that built PyTorch than this laughable Metaverse bullshit.
Speaking of AI, even the robo-TA at Finviz is picking up the obvious:
