RDDT should see a pullback on earnings. A near-term downtrend has commenced. RDDT---> $213 ---> off a high of $230 btw. Their database is valuable, but the AI hype dust must settle first
It could be like lyft today -- it almost came back to break even. I was thinking about how Reddit pretty much killed off all the forums that used to exist. It's pretty much Reddit & Discord left. Reddit should buy Discord and retrieve all that data. Discord is a mess at least from I've read but it is very popular even on a lot of subreddit's like r/WSB. I think it was considered as a SPAC in 2021 but I think market changed & it never happened.
I see two nicknames but are similar. Today n the other thread you're recommending it yet you're down nearly 50%. At what point was this a miss?
How am I down 50%? You mean the stock is down 50%. Reread the title of the post. I knew it would go down, albeit I didn't think this much. But it is also one of many. "E plurbis unum." No disrespect, but I'm sure your Latin is as good as your English. That matters not however, I could care less, so I'll press on here. This one, you would do well to start averaging in. Reddit is a powerhouse stock. I don't care if it goes down to $66, which it might. Keep buying on the way down if you can afford to park the $'s. Their CEO is sharp, and he is sitting on one of the best and most user friendly databases of collective knowledge there is. It's an infant. Type any search into any AI engine.... "How do I best position a ladder to pick avocado's?" "How good are the public schools in East Bumf*ck county?" ---- It doesn't matter what you ask, every answer generated by every AI search engine has multiple references to a Reddit thread. Now if you think the CEO is giving that away for free which you may think he is because you can certainly look at it for free... guess again. Every AI search engine there is will have to pay. This CEO is sharp. But yes, it is down 50%. Like I said however, that's because it has so much potential for growth, and that growth was so painfully obvious (to some I guess)... that it got way ahead of itself. If you want huge mega returns overnight... then buy ztde puts/calls on an index and apply your market prowess there. If you're good, you won't have to worry about boring old buy and hold type tech stocks. You'll be rich in no time. And if that's not your cup of tea and you are a buy and hold type, then give us an idea in the tech sector that will match this one that is not crowed af. I also like TTD for what it's worth. So right back atcha babe. Speak up.
ok, lots to unpack. You berate the stoned-guy when it's clear to anyone here that he simply regurgitates any ticker which hits the wires with anything approaching positive news. He wouldn't be able to cover these with a B in AUM and he would be capacity constrained. He's just bored and addicted to posting. on the other hand you post stock threads where you have conviction and MANY have done terribly. You stated that you were long TSLA from 290, long [to new highs!] NVDA from 140. Your "single ticker" threads have performed terribly so I ask why are you special? Why do you get a pass on what is arguably horrible performance? You recommended stocks have not only cratered theyhave under-performed the market and all before the tariff news. There is a question in there somewherre.
But it gets better. Check out my calls on NVDA at $71 (PRE-SPLIT), RACE at $90, ISRG at $315 (PRE 4:1 SPLIT!!!!), PWR at $37!!!!!, ABT at $102, AJG at $212, LRN at $42, CASY at $187 and those are just a few. Where's your posts? I don't see any? So post away chochi... we're all ears. ~Pretenders and contenders. EDIT: And don't talk about Stoney... He has more natural intuition and esp than 99.9% of the people here. I give him sh*t because he's my lab experiment. He reposts ideas from various websites but he applies his knowledge (and power) to them first. Once again... show us all what you have or stfu already. ~Talk is cheap bitch.
A tout thread in December of 2023 with the SP500 rallying 24% which you under-performed. I don't understand why you're raging in your response. It's OK. It's rare to beat passive benchmarks as you well-know. GLHF with your hobby.