PawsAndProfits
08-12

Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions.

$Meta Platforms, Inc.(META)$  

Even Mark is jumping on the stablecoin bandwagon. Will it end up being just a meme coin like dodge coin? Time will tell.

And he is putting his own spin and offering consumers an open model AI as well, which was initially hastened by IPO of CXMT in China. I definitely think major US companies are feeling the pressure from China to scale their improvements on AI software, as they are definitely losing on cost effectiveness and pricing structure. 

With META being beaten down post earnings d/t less than favorable earnings announcement because of its spending on fighting law suits, I see a opportunity to go long on this stock. Is META ever going to go bankrupt? Unlikely, not impossible but unlikely. So I am bullish on META, on evidence of a Put spread done yesterday. [Applaud]   

@PawsAndProfits - Specialist in combining FA and TA for Options selling and Swing trading.[666]  

🎁 Prize-winning essay: Technology stocks soar and plummet, bargain hunting or running for your life?
Recently, global stock markets have plunged, and technology stocks have plunged. Micron once plunged 41.2%, SanDisk plunged 57.6%, and SpaceX plunged 52.6%. Do you think the tech plunge is a bargain hunting opportunity or a signal of a bubble bursting? How do you see technology stocks moving in the future? Welcome tiger friends to leave your exclusive judgment, share your logic, quality opinions and the opportunity to get community rewards!
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Comments

  • breezzi
    08-12
    breezzi
    I added on the dip too — lawsuits hit near term, but the AI ROI is what matters. Open model plus Meta's scale still looks underpriced to me
    • PawsAndProfits: 
      Yes agree much to your viewpoints too. META to the moon!
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