$Meta Platforms(META.US)First, let me talk about my experience buying Meta in the last wave:

Around October last year, the night before Meta's previous earnings report, I made a small position in Meta to bet on the earnings. That was the beginning of the nightmare. As everyone knows later, it plummeted from over 700 all the way down to a low of 580 at the time. I averaged down a few times along the way, bringing my cost down to around 630.

Then, just before the last earnings report, Meta suddenly surged to 650, and the intraday chart showed no pullback all day. I realized big players had arrived. That earnings report pushed it to 740, and I sold all my shares at 740, making a small profit.

However, there was no joy at all because the entire process lasted over two months. Describing the feeling of holding the stock as 'agonizing' is not an exaggeration at all. Personally, it felt like the most torturous stock I've ever held. (Don't hate if you disagree, just my personal feeling.)

Let's talk about something useful. For the current fiscal year, 560-700 is a reasonable range. Getting shares below the median of 630 won't result in a loss in the long run. But personally, I feel the sentiment isn't great right now. They're spending tons of money but not producing results. Don't think it's fine just because they have a few cash cows. Once the scary stories start spreading and combine with poor sentiment, can you really hold on? Think about that question first. Those considering buying should take a look.