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Non-Tech : Kirk's Market Thoughts
COHR 153.89-3.4%3:27 PM EST
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To: Sun Tzu who wrote (14718)10/27/2022 10:36:24 AM
From: Kirk ©  Read Replies (1) of 26438
 
No but I was looking for the inverse Cramer ETF this morning.... SJIM and long Cramer, LJIM but they are not in business yet.

I posted this on my FB group this AM
I don't think I've seen Cramer eat so much crow as on CNBC this AM after the Facebook/Meta earnings report had the stock down 25% in the premarket. I believe this is one he's been adding to on the way down AND it was heavily promoted by him and other guests on the show with the "FANG" then "FAANG" basket of favored stocks. I was tempted to buy META (especially after it was down 50%) when it was FB but I never did for two big reasons:
#1 is the share structure where Zuck's shares get 10 votes and shares you can buy only get one. When stocks don't pay dividends, the voting rights is about all you get so I saw this as a scam.
#2... The experience on the platform has steadily fallen off a cliff where I'm tempted to stop providing free content like this... if I feel this way, others are the same


Eventually META will be a good bargain... but I might wait until it hits Amazon's 95% decline level... that is how much Amazon fell after the internet bubble burst in 2000.
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