I increased the Meta position yesterday shortly after the release at a price of $307 by 8% after a strong quarter which showed an impressive gross margin and beats across the board.
While Meta CFO Susan Li warning about a volatile macro in 2024 is certainly worrying i decided against reducing the position again at current prices as i believe that product advancements will have a significantly larger impact on Meta over the long term compared to any regular potential short term macro impact.
This means that i am comfortable to continue holding Meta in case there are further price declines and might consider increasing the position at a certain level (E.g. around $230)