In the wake of a brutal market downturn, I revisited the prospects of Meta Platforms (NASDAQ:META) on April 26th, 2024, cautioning that a plunge below $400 could trigger a cascade of selling. At the time, the stock was in free fall, having shed a staggering 22% of its value. As a disclosure, I hold a long position in META through a combination of stock ownership, options, and derivatives, and my opinions are entirely my own. I receive no compensation for this article beyond what’s provided by Seeking Alpha. It’s essential to note that past market trends offer no guarantees for future performance, and individual investors should exercise caution when considering any investment. The views expressed in this article are solely those of the author and may not reflect the opinions of Seeking Alpha as a whole.
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