02-02-2022, 08:16 PM
I think it is a grotesque over-reaction. Enough so that I just made my first after-hours purchase ever to increase my FB holdings considerably. Anyone who is selling because FB *only* increased EPS by 36 percent in 2021 is out of their mind. Slowing growth matters a lot with a stratospheric P/E, which this cash generating juggernaut does not suffer from.
Not making any predictions about time frame -- my holding period is generally measured in decades. (But the way things have been moving lately, it would not surprise me a bit if it was back closer to $300 by the open tomorrow, as people come to their senses. (Or maybe it will be under $200 -- who the hell knows anymore. But I'll be sleeping fine tonight.))
Not making any predictions about time frame -- my holding period is generally measured in decades. (But the way things have been moving lately, it would not surprise me a bit if it was back closer to $300 by the open tomorrow, as people come to their senses. (Or maybe it will be under $200 -- who the hell knows anymore. But I'll be sleeping fine tonight.))