4 ms·
Meta is almost back to 2021 highs, the whole fallout with ATT and the Metaverse debacle seems to be completely in the rear view mirror now. I should have held
by nemothekid 3y ago
Meta is almost back to 2021 highs, the whole fallout with ATT and the Metaverse debacle seems to be completely in the rear view mirror now.
I should have held the stock, but it seems after the initial panic, it was like trying to catch a falling knife.
- cma 3y agoInflation adjusted it is still far below 2021 highs.
- MuffinFlavored 3y agosep 10, 2021 - $378.69 oct 25, 2023 - $307.77 would need to be $424.91 "to keep up with inflation" https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=378.69&year1=202109&year2=202309 https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=378.69&year1=2...
- paulpauper 3y agoThis is why I tune out the financial media. The media a year ago was saying Meta was on death's door.
- IKantRead 3y ago> I should have held the stock I think the most important wisdom in all of quantitative finance is that the expected future value of a stock it it's current value plus the value from the "risk-free" rate. It happened that Meta did (for now) come back from it's exaggerated death, but just look at Google which took a major hit today.
- ipqk 3y agoI actually caught that falling knife at near its exact lowest point ~$90, but then sold it at a 10% gain because I thought it might be a dead cat's bounce. Point is, hindsight is always 20/20.