Is Facebook (Meta) Done or Will it Recover?
I am not a fan of big corporations.
So, I am not touching any of those stocks.
BUT.
Buying META, when it is down, might be a great opportunity for an investment.
My argument comes down to this — do you believe Meta (aka Facebook) can fail?
1. Yes?
Then don’t touch it.
2. No?
Buy it. It is a huge risk, though. If there is one thing, I have learned is that you should NEVER buy a falling stock.
If you ask for my opinion. Make some day trades. You can use this insane volatility to make some profits. Then again, if you don’t know how to daily trade, you will lose it all.
Fun. Fun. Fun.
The US blue chips Dow Jones and the broader S&P 500 rose as much as 1.3 percent at the open on Thursday, while the tech-heavy Nasdaq tumbled 0.2 percent.
However, a price drop of more than 20 percent is slowing down the recovery of the Facebook parent Meta. At $ 97.98, the papers of the group, which also includes Instagram and WhatsApp, were now as cheap as they were almost seven years ago.
Can you believe that?
Long-term investors lost everything.
Why?
The company had announced a slump in profits and provided a disappointing outlook for the current quarter.
That matches the weak figures from other technology companies such as Microsoft or Google’s parent company Alphabet.
There is one thing true though — marker overreacts and you can use this to your advantage.
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