I watched quite a bit of Meta Connect 2022 this morning trying to find some bright spots but they really do make it tough. Metaverse basketball really sums things up. Who exactly do they believe is the audience for VR basketball? If you are into basketball you aren't going to want to shoot fake baskets in the metaverse instead of just going outside. If you don't like basketball in the real world, I don't see how you would enjoy fake basketball in the metaverse. The main thing was this $1500 headset that will have absolutely no customers. Imagine telling your boss you want to spend $15,000 to get 10 of these headsets for virtual meetings in Fall 2022 instead of just using video on MS Teams that you probably already have. This Meta office picture really annoys me too. Looks like a futuristic day care. I can't believe adults doing serious work would be sitting there. The upside of that picture though is they can do so much belt tightening. I can't even imagine how much of their 15 billion dollar operating expense is just setting money on fire. With getting down to $122.53 today I think I am going to wait and try to get more at $117 or so.
There's a disconnect in your above post. Crapping on Meta (which I agree with BTW) then looking to buy lower anyway.
This chart will probably play out very similar to the way NFLX has, but on a slightly shorter time-frame. You're just gonna have to wait for a bit. I don't think the percentages will match those of NFLX on the downside however. I think you'll be ok.
LOL, I don't own it. Putting together a list of short candidates and was impressed by that one. Definitely on the list. NFLX looking strong, however:
I bought some NQs on the miss. If they won't take it down on META then we gotta rally here. No stops 'til Brooklyn!
I was just looking at what was holding the qqq up afterhours, because it should be down. NVDA, MRVL, AMD, ORLY, Atlassian. Not sure why all the chip stocks are all up so much.