Just as the title suggests, I'm curious for those currently owning Meta stock if:
- You'll keep or sell the stock, given that it's plummeted since last week's quarterly announcement due to investor concerns about overinvestment into AI
- When you think the stock will bounce back, past the $680/share price
What do you think?
Keeping or selling Meta stock?
byu/Sensitive-Avocado972 ininvesting
Posted by Sensitive-Avocado972
13 Comments
nobody knows
It dropped 10 percent since last week’s quarterly announcement. That’s called plummeted?
Buying some more
I don’t own Meta but I have a limit buy order if it plummets farther.
$680/share puts Meta at a 21 Forward P/E which I think is still a fine valuation considering where other hyperscalers are valued. I would be happy to hold through $680, but I’m patient.
They are going to $100B yearly in earnings. Even if they over invest in AI, that hardware is expensive and will be utilized for their other businesses. Sure the Zuck messed up on the Metaverse, but don’t think he is on this new investment.
Buying more.
Holding. Average of $644.
Already sold at a good profit. Probably never going going to buy META again
Keep. Meta and the Mag 7 are not going anywhere.
Buy on dips.
It’s too late to sell. If you want to sell something, you need to do that before it plummets.
Added after the negative reaction to the earnings, but hate the stock.
You know the drill. Buy High, Sell Low.