Thursday 2/8/2024
Facebook has been re branded Meta. Mark Z announced its first ever dividend. As you can see the stock jumped a shopping $60 on the announcement.
And how much is this dividend? I t is $2.00 or .43 % of the stock price. Utilities, banks, and large energy companies with regular cash flow pay regular
dividends, tech stocks not so much.
Well by golly NFLX has been a good week as well.
340 to 560 in what four months? Wow
Wee last time t this happened here was the result
Here is a stock powered by social mood, 250 to 700 in two years'
700 to 200 in four months
200 to 550 i n two years
not for the faint of heart
The drop from 2022 was a wave A, the move up a save B, and we should start a wave C down in the near future.
RSI and PMO both suggest this is great time to sell, not buy.
Selling into the rally now is easy, when it drops 100 points a a few days, not so much.
Bonds TBF and TLT have been gyrating based on the whims of Jerome and whether he will cut, let's see if things calm down for a better trade.
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