To The Moon

$Meta Platforms, Inc.(META)$ META has dropped more than 17% over roughly two weeks. Since 2013, there have been ten instances where META closed more than 17% below its price from 10 trading days earlier. A month later, it was higher in 9 of those 10 cases, with a median gain of 6.9%. Three months out, only 5 of 10 were higher. Half of these signals showed up in 2022. The one-year forward picture looks decent.

$Meta Platforms, Inc.(META)$ It's holding trendline support and looks about to reclaim the 200 DMA after the earnings drop. Also touched outside the lower Bollinger Band.

$Alphabet(GOOGL)$ Google is pulling a META. Both should recover before too long.

YTD performance for hyperscalers compared to SPY: SPY 12.90% $Amazon.com(AMZN)$  12.25% $Microsoft(MSFT)$  11.96% $Alphabet(GOOGL)$  3.17% $Meta Platforms, Inc.(META)$  -5.92% $Oracle(ORCL)$  -25.63%

$Meta Platforms, Inc.(META)$  I was originally planning to buy if META pulled back to 625, but their clear intention to do a clever split first and then dilute afterwards is a big concern. At this point, I think it could reach 600, but I'm not sure whether that level can hold, and I'm usually a 90% bull trader.

$Meta Platforms, Inc.(META)$  Down 4 days in a row. Will it stretch to a 5th? Sellers tend to get exhausted, and bots are generally trained not to sell after so many consecutive down days.

Finally one of the hyperscalers is outperforming SPY YTD. $Microsoft(MSFT)$  is up 12.61%, SPY is up 12.03%, $Amazon.com(AMZN)$  +9.97%, $SpaceX(SPCX)$  +8.81%, $Alphabet(GOOGL)$  +0.52%, $Meta Platforms, Inc.(META)$  -3.05%, and ORCL -35.58%.

$NVIDIA(NVDA)$ $Meta Platforms, Inc.(META)$ Meta is kicking off an underwritten public equity offering to raise $35 billion, split between $22.5 billion in Class A common stock and $12.5 billion in preferred stock. There's also a planned $60 billion at-the-market program for Class C shares after that, which would bring the total expansion funding to $95 billion.

$Meta Platforms, Inc.(META)$ Hoping the bottom is in. This seems very exaggerated and overkill.

$Palantir Technologies Inc.(PLTR)$  The bears seem pretty active, but the stock keeps outperforming the broader market and rising against the tide. Anyone shorting this would be lucky to scrape a few pennies.