The higher it goes the higher the potential for a sharp pullback will be obviously. It's overdue. Imo, when it does occur, I think opening a position would be wise. A 15%-20% decline in the stock on any given day ---> equals opening a 30% position. If it keeps dropping, at another 20%+/- lower use 40% of the original amount and buy more. That sounds like a huge drop from here, but it could easily happen. Long term.... winner winner winner. Like Reddit. The reason I brought it up again... I think it's gonna get (+/- 8%) volatile on good volume soon. So plan/play accordingly if the big drop never occurs.
Well, even amid yesterday's bloodbath.... TKO and Reddit hit all-time highs. I heard a rumor RDDT is gonna make a deal with Zuck.
RDDT makes sense. What I keep hearing is that AI needs more data to train on so Reddit should do well. I imagine these social media companies have tons of data that may be private that should do well. Snap & TikTok must have tons of data.
Amidst the turmoil.... TKO and RDDT continue to hit new highs. TKO---> $166 RDDT--->$225 "One of those stocks"... lol I hope some of you listened last July.