Positive Outlook on Meta with a Price Threshold

3 months ago

"Meta had that tax situation where they took a one-time charge and they announced today that they're doing they're raising money because it's expensive, but rinse and repeat. What have we seen before from Meta? When they spend money, they start making money and it's a founder business. And I am fine with Meta under $700. It's trading at $669 right now. 4hour algorithm just got you out. I still like this company. Again, I think you look at a trend line and we're still in that upward trend. Are we on the ascent that we've taken since April? No. But I like this one. You have to get past that 740."

The speaker offers a bullish commentary on Meta, noting its ability to turn spending into profit and expressing comfort with its valuation under $700. He highlights a technical threshold around 740 and suggests that the current price at $669 represents an attractive level based on trend line analysis.

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