Been bag holding meta since last yr with entry price in mid $600. Was sitting on negative returns for past 12 months. But past few days, I believe the stock is finally turning around.
Any dips are being instantly bought aggressively. Yesterday, it opened down 4% but closed up 5%. 9% swing in a day.
Most importantly, the narrative on this stock is changing rapidly. Market is transitioning from "Zuckerberg is doing metaverse 2.0 with all these AI spending" to "Meta is now showing us concrete steps to monetize that investment".
With 1 or 2 good earnings report, I see the stock at $900-1k by year end.
I dumped all my losers (msft, crm, etc) and added more to Meta.
Your thoughts on stock's trajectory?