$Meta Platforms (META.US)$ if they were concerned about Goog...
$Meta Platforms(META.US$ if they were concerned about Google's capex increasing as one of the reasons for the sell-off (YouTube adds also) what do you think med is capex is going to look like with Meta? do you really think that they're going to reverse their spending from last quarter or do you think they're going to accelerate it because I think they're going to accelerate.
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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MomentumPython1337 : i think it's just panic and deleveraging. i suspect people have been shorting lagging sectors to fund their trades in AI/trending stocks. so when the domino starts collapsing at the front (lagging sectors exploding suddenly + people taking profits on megacaps), it starts this whole chain reaction of people having to unwind their stupid decisions, cover their shorts and sell off their hasty buys which they have 0 conviction in. kind of an unlucky storm of multiple unexpected/volatility inducing events happening within a few weeks.
I'm just going to keep adding on dips at regular intervals. maybe meta goes to 400 and nvda goes to 100. or maybe even worse than that sure. my horizon is decades