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The stock dropping below $90 coupled with all the blatantly untrue “no one uses meta anymore” posts on reddit seemed to be sheer stupidity tbh. They were report
by AnotherGoodName 2y ago
The stock dropping below $90 coupled with all the blatantly untrue “no one uses meta anymore” posts on reddit seemed to be sheer stupidity tbh. They were reporting earnings and user growth at the time. It’s now >$570, a similar rise to Nvidia.
It should be a lesson in doing the opposite to /r/stocks sentiment. (They also had tons of posts on why shorting nvidia would be a great idea a year ago).
Basically do the opposite to the most uneducated group of investors you can find and you have a good chance at making money off their bad trades. Don’t try to inverse the large firms with huge amount of research. Just inverse reddit for easy money.
- szundi 2y agoIs there an ETF for that?