Meta Platforms Inc / Facebook (META)

It has staying power, nearly a billion people using it. People may become a little disenchanted with it. There may be a new and better alternative that comes out.

Option volume today is second only to Apple. He just took a position of avoiding and watching. 100 times earnings. A lot of growth baked into that valuation. Google is 10 or 11 times earnings. And a better way to play this. It’s hard to short based on valuation alone.

Doesn't think this is quite the business that everybody says it is. Very expensive valuation for a company that makes very little money. There aren't a lot of barriers to entry in this business.

How long after a stock’s IPO does technical analysis begin to apply? If you are a very short-term trader, a week could give you some patterns but he doesn't trade in that kind of time frame. His typical space is 3-6 months at a time. He needs a minimum of one year before he starts looking at a chart.