$Reddit (RDDT.US)$ you need to position some of your account...
$Reddit (RDDT.US)$ you need to position some of your account in Reddit. this stock trades very different than a traditional equity it will sit dead it will swing about a dollar to $1.50 intraday so on any weakness you nibble at it and then all of a sudden one day it just gaps up three to four dollars in the next day it's up another four or five dollars that's just how it trades if you wait for the movement you've missed it. the earnings were great they guided higher we have clean sailing for 3 months until the next quarter we do have potential events around the world I ran Israel bad economic numbers coming out that would throw a kink in the armor short-term $1.52 bucks but the risk reward is $10 upside about $1.50 to $2 downside and that's 5 to 1:00 those are very very good odds risk reward short-term.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
36 yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
R/Everythingstocks
1742Followers
21Following
12KVisitors
Follow
Kimpten : what should i set my limit order amount?
10baggerbamm OP Kimpten : well you need to either go in before 8:30 or after if the economic data is favorable the stock will be up a buck buck 50 more pre-market at 9:30 so you need to make a commitment and just buy it here or bad economic data it'll be down to 50 and a half to $51 so you got a crap shoot you got your dollar dollar 50 downside upside right here based off of this economic data that's your choice which you want to do but I believe we get a month from the today I think you're going to be looking at close to 60 bucks. so if the economic date is favorable it'll be up a buck 50 or so at 9:30 if the economic data is bad it'll be down a dollar to a dollar fifty that's just what's going to happen and you got to decide what you want to do with that potential short-term swing
Kimpten 10baggerbamm OP : thanks, thoughts on block sq?
10baggerbamm OP Kimpten : I know of it I don't follow it actively I have no opinion
Kimpten 10baggerbamm OP : 52.39 hopefully it gets filled