Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

$RDDT.US$ the quarter for Reddit was a blowout the only reas...

$RDDT.US$ the quarter for Reddit was a blowout the only reason that I can see for trading down because initially it popped up $5. one of their categories for eyeball views was down that's it in the US overseas it was good.. and to me it's asking because you could break any company's financial report down and find something that is not above the level of whisper numbers you could find some category that doesn't have the highest level of growth as another category. and this also is an indication of a market top not a market bottom. you see when bad news causes stocks to rise that's a market bottom when good news causes a stock to fall that's a market top and when good news causes not only a stock but an entire sector to get hit that's a market top and that's what we've been witnessing in tech stocks since July 11th. all that said it's my opinion you need to be in tech stocks. the growth is there the market dominance is there the ability to surprise significantly to the upside is there. they have the most cash they have the least debt. and when all of the shakes out that we're going through and we're going to have to wait for NVIDIA and we're going to have to wait for the election to result in to see hopefully Trump wins God help us if it's a laughing hyena.. we're all going to have to position our accounts to benefit whoever is in office if it's a continuation of the current administration you see what they're doing they're anti-corporations they went after Apple they went after Google or pounding their chest they got a victory and they're going to continue they're going to go after Nvidia and they're going to go after every key text stock that they believe is not practicing their version of what free trade is anyone who has Monopoly they're going to go after and violation of antitrust rules. you see what happened to Apple yesterday because of Google's decision and Apple has it hanging over their head too. so from an investment standpoint you don't want to have this administration carry forward being run by other people with somebody at top that has not a brain in their head. so if you want to make money in stocks you want Trump because he's going to get rid of Gary gensler your Bitcoin is going to rally your tech stocks are going to resume they're upward trend. and back to Reddit I think it's safe to be bought in here.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
2
+0
1
Translate
Report
3548 Views
Comment
Sign in to post a comment
  • 10baggerbamm OP : if you're going to buy Reddit you need to be looking out at least 3 to 6 months because the way it trades it'll do nothing and then all of a sudden it's going to be up $5 one day and three or four the next day.. and then it will build a new leg up for a continued rally. if you buy read it and round lots I would encourage you to go out a week to two weeks maybe $5 higher than the current strike and sell calls against it just to begin to collect some money while it establishes a base and even if it gradually trends lower you're selling calls you'll be picking up a premium to lower your cost basis

35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
1109Followers
13Following
7957Visitors
Follow
More from 10baggerbamm