Meta Platforms Inc (META)

[10baggerlong]

I think the FB IPO was spot on. FB IPO criticism boils down to whether you are a value/arb investor or technical.

Stocks don't trade based on the fundamental values, and they don't trade in line with their comps. The market moves them according to technical trends and patterns.

They probably just needed to do a better job explaining "why buy this stock" at the time of the IPO. That was the only problem with the Facebook IPO. The commentator in the video, Taylor Moffitt of Holydean, is trained in fundamental valuation. He's never been a day trader in his life... he is a value/arb investor. Those fundamental / value investors are like conservative Christians or fundamental Jews. They believe in absolutes, but the truth is that "good" and "right" really depends on what the market (or the world) judges it to be.

Thus, the FB IPO was just ahead of its time. I do agree with Taylor in that it was a success for the investment bankers and for the company which raised a lot of money... but if you think about it, I think it ultimately helps the long-term shareholders who stand to benefit from the capital. But I'm not a buy & hold investor. I'm into stochastics and charting!!!

Speaking of which, what's with the momentum?