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by melling
1313 days ago
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I don’t have a magic formula and I’m often wrong. Meta dropped 20% in one day and I saw an opportunity. https://www.bbc.com/news/business-63406803.amp The stock did continue lower and I certainly didn’t get the bottom. All I’m saying is take the emotion out of it and try to be open minded. Hating on a company has little value. At P/E of 9 there’s a safer margin Also, I didn’t say Buffett would buy META. He’s not really a tech investor. |
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It doesn't sound like you did that, though. You responded to a drop in share price rather than fundamentals.
As you just said, it really had less to do with the number 9 and more to do with the number 20.
But if you thought Meta was a good investment at PE 10 or higher, I'm not sure why you wouldn't have already owned it.
Now that the PE is back above 10, does that mean you're selling it?