Meta Platforms Inc (META)

[jpm06565]

I think with all the hype about this everyone expected it to shoot up to $75-100 in the first minutes of trading. Then with the NASDAQ debacle as well as broker problems (I couldn't get into my etrade account for 26 minutes after the first trades came in) there were probably millions of shares out there that probably weren't traded properly and with unknown status for hours. So while so many people were trying to log into their accounts or figure out why their order wasn't showing up yet, the stock wasn't being watched and traded as expected.
On top of all of that it was only traded for 4.5 hours on a Friday. So now every one is saying this stock was a bust. I think if we didn't have those technical issues it would have done better. My guess would be it would have hit 50-55 in the first hour and probably settled around 43-45. But that's just my opinion.
So where does this go from here? I will say you all have to admit that this kid is smart! He went from an average college kid to a billionaire in 8 years! I'm sorry, but you need a hell of a lot more than luck to make that happen! So do you all really think he will just continue on business as usual with only Facebook as his only revenue stream? This kid now has the buying power to absorb just about any company he wants. And I'm betting that he will buy some good ones. As this happens, revenues will increase. As revenues increase so will this stock price.
I think most of us retail buyers were expecting to at least be able to pay off the house or buy a new car today. I personally bought into FB as a long term investment. Even if it did hit 100 yesterday I would not have sold. Give this some time and I really think it will yield much larger payoffs than most expected yesterday.
All IMO and GLTA!