META Likely bottomed

Master Pu said:
If Salvator Mundi by LdV was on offer at $200m would you buy it or wait till it is offered at $100m?
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Obviously I would offer to buy it at $200m ... if I thought, based on priors, that it would be worth $201m tomorrow.

But I would not offer if someone bought it yesterday for $201m and was now offering it at that $200m price.

"Sale" prices are for retail shoppers.

Many stocks go on sale, only to go on sale again and again.

Strong stocks, or rare works of art, rarely get discounted.
 
SunTrader said:
"Sale" prices are for retail shoppers.

Many stocks go on sale, only to go on sale again and again.

Strong stocks, or rare works of art, rarely get discounted.
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It's not like you are shopping for a stock at a retail outlet, it's more like you are bidding against anothe buyer at an auction. When you win the bid you get to choose how much you want. Then the auctioneer may or may not trundle out another lot and the bidding begins again.
There is nothing more demoralizing than bidding up an item, winning the bid and having the same item come up for bid in the next lot and go for 1/2 the price.
 
deaddog said:
It's not like you are shopping for a stock at a retail outlet, it's more like you are bidding against anothe buyer at an auction. When you win the bid you get to choose how much you want. Then the auctioneer may or may not trundle out another lot and the bidding begins again.
There is nothing more demoralizing than bidding up an item, winning the bid and having the same item come up for bid in the next lot and go for 1/2 the price.
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I don't know, call me crazy but I like price to go higher after I buy.

One of these days I'll get back into investing and when I do I'll stick with that same philosophy.

NFLX is a prime example of buying something that is ... on sale, up 35% since July 13th but after a -76% drop. It won't likely see $700.99 ever again. But people buy it now because, well it costs less. :confused:
 
SunTrader said:
I don't know, call me cr*zy but I like price to go higher after I buy.

One of these days I'll get back into investing and when I do I'll stick with that same philosophy.
NFLX is a prime example of buying something that is ... on sale, up 35% since July 13th but after a -76% drop. It won't likely see $700.99 ever again. But people buy it now because, well it costs less. :confused:
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I like investments in stuff like RE, UPRO or SPXL...... but i dont do many or many SPXL in bear markets\LOL. Could do an occasional trade, or deep drawdown investment??
IF some like to buy single stocks in a bear trend\ ok by me\
META\below 200 dma\
below 50 week moving average\
making new 52 week lows\
low PE tends to go low+ lower.
But i like some of my investments to make money in a reasonable amount of time.
There are a few that make money ''buying value'' not many; + even fewer in a bear trend.
 
Facebook & Google are value traps in this market since advertising drops during recessions. META & GOOG just keep dropping.

The same is true fro NVDA & AMD since their markets have evaporated especially nVidia with the end of Ethereum mining.
 
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