I posted this in a thread with some baggie autist š»š pumping the puts he bought too late, but it actually became a nice š case. So take those šļøš out of your nose, and strap in for a treat.
- $50 billion in cash after their $19 billion buyback, and yes the Zucc cucked himself by cumming too early, but hol' up
- It has a P/E of 16, a 4:1 asset/liability ratio, 65% YoY increase in cash flow, and currently trades at 15x FCF. $AAPL, $MSFT, $AMZN, $GOOG, and $TSLA have a P/E of 25-188 (lol), higher debt ratios, lower margins (FB gross margin is 80%), and trade at 27-272x FCF (guess who's at 272)
- Weekly (and daily) RSI are the most oversold they've been since the post-IPO dump, and the weekly is curling to put in a bottom
- It bounced off the May 2018 and Feb 2020 high today, delicious
- The VWAP is $220.78, so easily in reach
- Option flows are primarily being driven by Jan 2023 calls being sold, but IV is also in the 83rd percentile, so expect those to be closed out as IV decreases
- The current level also shows a successful test of the -2.618 Fib retrace from the September 2021 dump, with the -3 at $201. For reference, it peaked at 3 Fibs on the nose from the March 2020 crash
- The weekly 200 & monthly 50 MA sit right at $230, so closing successfully above that willtake it to $266 and eventually $290 to attempt a gap fill
- The aforementioned MAs just happen to be right above the 2018/2020 trend, at $228.56
This is a great spot to dip a toe in, with a stop below $200. If we get a weekly then monthly close over $230, the party is back on.
TL;DR: The Metadump can easily become a Metapump if we clear $230 šš. If this works out, you can send me donations. If it craters, I'll obviously delete my rambling š
Bonus: Zucc can buy SPOT & PTON for $45 billion (Black Mirror, anyone?), and still have enough for a super-yacht bigger than Jeff Amazon's + 300 000 metric fucktons of cocaine to make these hoes dance. Oh and he'll get $5 billion in cash minus transaction costs from the acquisitions, and be back at $50 billion in cash in a year