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I started buying today. Smallish amounts, but $RDDT, $NVDA, $LWLG, $DRTS $MU and a few others. I think these will do well in the near future IMHO. I agree that today seemed like Capitulation. Lots of stocks down big and VIX spiked!
Did a bit of shopping as well today: $RDDT, $GIS, $SOFI
Bought RDDT GOOG META TMDX
I’ll be doing both of those trades. Just waiting for RDDT to touch $100 again for the 8th time.
Bought quite a bit more RDDT today
It wont be a max selloff until RDDT hits $80. Thats the sign.
I’m waiting for RDDT to drop below $100.
Zoom out a little, RDDT has been falling for a while. RDDT's valuation was never based on direct profits from showing ads to end users, it was AI training data mania and that is petering out.
Oddly enough, people who own GRND also seem to own HOOD, RDDT and DIS
I went 80% cash before all this shitstorm, but now i'm loading up. Its useless predicting anything with this US administration. I'm rather enjoying all the volatility. MSFT, META, RDDT and some indexes here and there are looking well priced to me for long term. I'll look at MOS too. My whole problem with this US administration is, things don't go how they should be happening in a normal situation. This administration could announce boots on ground next week, or announce a ceasefire deal with Iran. Legit coin toss. It goes down, I'm buying more. It shoots back up, i'm not beating myself for not buying on this dip. So yeah, I might make less money than others in the end if it keeps dipping. But hey i'd be buying low and selling high, making profits and not the other way around.
Yooo Reddit just sent me a warning for meming on the hotline number EZ puts on RDDT on Monday
Give it a week and given the current pace the RDDT one will be deep OTM lmao
META if you want safety while MELI if you want growth RDDT if you want risk
I bet most of us are bagholding something, for me it's RDDT and SP500 bought on top lol
I'm pretty sure I'm negative on RDDT all time now but I don't really want to look
RDDT is down more than 50% for the year.
Easily META. I like RDDT too and I think there could be quite a bit of an upside with the stock, but it's much more riskier, IMO. META feels like a relatively 'safe' bet and these are amazing prices.
Meta is a no brainer to me, I have Meli and started buying when it dipped under 2k, I added a few shares in 16 range but Meta is far more appealing to me with where we stand today. RDDT not my cup of tea.
Careful, I got an official warning from reddit automod for typing the RCUMA name yesterday for harassment, id edit or delete your comment. Apparently its hat speech or harassment or something to say that phrase. Its okay as a username though. And people wonder why RDDT is a dogshit stock.
Lmao what? Certified Gooner™ take to say that RDDT's product is "anonymity". RDDT's actual product is our views being sold by advertisers, it's obvious to see how verification fits into their broader plans.
For long term growth it has to be MELI. Meta is the safest pick but won’t grow as much as much and RDDT is definitely the riskiest. Also the whole ID verification thing Reddit wants to do hurts them a lot.
RDDT but if you want an even riskier play go for SNAP
I was really out here thinking RDDT @ 140 was a great deal 😅🔫
Meli is my pick Meta--> worrird about how they will actually get ROI from their AI investments RDDT--> still seems a bit overvalued and dependent on advertisinf budgets which may go down in a recession (so better entry point possibly)
I have a feeling RDDT will end up like SNAP
I won't lie, after being completely bent over by RDDT and HOOD in january/early february, it's comforting to see other people feeling how much it sucks now
$META and $RDDT getting obliterated, insane volume
So tempted to start DC'ing into RDDT. Surely it goes back to ATH at some point...
Starting to sell puts now. META & RDDT. Maybe CRM. Otherwise worried I’ll puss put and never pull the trigger to buy back in. Assign me my shares as I’m bleeding red all over the place (no wait, not like that).
RDDT going back to IPO price
RDDT is now priced fairly low for its strong cash flow and growth
Do we buy RDDT on this dip?
Any hope for my RDDT apr 10 129C? I’m holding over the weekend idc
I'm down 20 percent on RDDT..
RDDT pls stop isn't my ass gaped enough already for you
The way shit's going I'll reset my RDDT limit order to 100.
No, the social media sector specifically declined yesterday due to the lawsuit and precedent it sets. First time any social media company has been held liable. 8% META, 8.7% RDDT. It was across the sector. There is no war yet and I would argue the market is being awfully optimistic but the hedging for downside has been out of control in the options market so there might be a squeeze at some point. Also, I sold my Volvo and bought a used EV with 10k miles on it just a few days ago so I’m with you on an oil shock. I’m surprised it’s been this cheap for this long. I’ve heard rumours that there maybe instances of paper not matching the physical crude deliveries here shortly. Just a rumour but I’m long $OXY and $XOMO.
RDDT is at $24b marketcap and is red on the 1y despite last year being their first profitable year ever *and* announcing $1b in buybacks lol
current bag status: META 17 shares @ $580.30 MSFT 100 shares @ $408.52 RDDT 200 shares @ $135.50
Still up 40% on RCAT. Still up 6% on MU. Bag holding: RDDT -15%, FLT -9%, VEQT -2.4%. I’m not selling shit because of macro reasons. I don’t need this money for years and years. Just touching grass and will DCA when I can.
RDDT is at a **great** price.
It was the lawsuit. All social media stocks tanked. It sets legal precedent for social media being responsible especially for minors and opens them up to a wave of lawsuits. This means less eyeballs on advertising and thats their whole business model. Get them hooked young and they never leave. I own RDDT and saw the same HIGH volume decline in META. META dropped 8%, Reddit dropped 8.7% and similar for SNAP which has now fallen 25.3% since March 1st to $4.01 and is now either a value stock or trap
Shouldn't tech stocks like META and MSFT be the safest (after healthcare maybe) because they rely the least on oil... Except for power. It's not like people will stop using reddit and Facebook and Microsoft due to this conflict. In fact people, at least on this subreddit, are probably using reddit more since we've had several weeks of hundreds of comments on the daily thread a day kinda days... And we still have to go to work, still gotta use Microsoft products, unfortunately teams isn't going away... But META and MSFT are 30% off ATH, RDDT a lot more.. but I'm sure earnings this month and going to be as good as the previous ones in Jan.
Buying more MSFT and RDDT 🤡 Surely mango man will help me out
So we all use RDDT but none of us own it right, LMAO
RDDT is on my watchlist just so I can look at it and know someone's day is worse than mine LMAO
No pal. YOU ruined your portfolio. MSFT and RDDT were just tools.
MSFT and RDDT ruined my portfolio
RDDT already fell 50% this year. How much lower can it go lmfao
2 days, 2 automatic bans, 2 appeals, 2 reversals - fuckin hell, no wonder RDDT is in the gutter
Bro, I've been down that much on my OF subscriptions and to make matters worse, I can just get them for free here on $RDDT.
Very bad precedent for all social media especially Meta and YouTube (google) since there is now legal precedent for a wave of lawsuits to be brought and probably laws banning social media for under a certain age. Snapchat and I believe Tik-Tok settled before the trial. Either way less young eyeballs on your content getting hooked early = less advertising dollars and that’s how they make all their money, advertising. Unfortunately, I own some RDDT so that tanked but I bought puts at the open so it lessens the pain a bit.
As someone who got wrecked from RDDT and HOOD two months ago, thanks for finally joining me guys. It was getting lonely
Honestly though, what's in RDDT for it to increase long term?
Bunch of trash stocks lmao $SNAP down -50.6% YTD $RDDT down -44.6% YTD $PINS down -32.2% YTD $META down -26.35% 6M
Reddit is apparently facing a new federal lawsuit for targeting ads in kid themed sub reddits. #RDDT TO $100 🤣😂🤣😂
With that social media addiction lawsuit against meta, how much do you think we degens can get if we tried to sue RDDT for getting us all addicted to 0dtes?
Fortunately for RDDT only criminally insane narcissists get addicted here
So glad I dropped those April RDDT calls last month
What do u think about $RDDT metacog?
Maybe. These social media stocks like RDDT and META are not doing the best these days. Some investors concerned about the continued strength of ad revenue.
Ass blasted by RDDT today
Decided to sell half my msft holdings and all amzn holdings and swap into MU and RDDT after the drops today. Obviously higher risk, particularly with rddt but with a far greater probability of a huge rebound compared to msft or amzn. The logic being that at the current value rddt and MU realistically can only drop another 40% max before hitting a hard value floor unless some kind of fundamental catalyst changes things. However this is unlikely and the probability of a bounce back is significantly higher. When MU and RDDT bounce back they bounce back much harder than the huge mega caps. I think now is a great opportunity to take advantage of the volatility of these stocks with some of the risk mitigated. Also, swapped a lot into NVDA and TSM I've been bullish on msft, goog and amzn, but realised that NVDA and tsm (also holding) are safer and will grow in synch with them but at a faster pace, because the reliance of growth of these tech companies is so reliant on their ai capabilities that NVDA and tsm automatically win if the tech giants win, but don't necessarily lose if the tech giants lose (the Capex is real).
Maybe RDDT should raise prices to make the stock go up.
RDDT deserves worse for taking our emojis away
Holy tits, luckily I am sitting mostly in cash right now. Adding RDDT and NBIS
Good news, I sold my MSFT and MU calls earlier this month for gains. Bad news, I bought RDDT calls with the proceeds….
RDDT up .1% ah. We are so back baby.
What news caused RDDT to lose 11% in a day??
I want to sell RDDT puts so bad
RDDT making the most obvious cup and handle ever
RDDT casually dropping another 10% in a day
So RDDT dumped 10% mostly because of the EU age verification measures, but how many teens do you know that use reddit?
RDDT also plunged lol, their own CXOs are selling off, I lost big today FML brother
I am down $40k in shares with RDDT. I keep dcaing but it keeps crashing. I dont know if its time to just cut my losses....
Kind of ironic that the main weakness in RDDT defence is that it basically introduced those shorts and video section, which was such a bad idea. Otherwise, so far it looks like META is being hit hard due to whistleblowers
Well I bought 5 more RDDT shares with my stunning cash reserves lmfao.
RDDT surging back, never deserved to be down 10% today anyway
RDDT holy. I timed the bottom perfectly
At some point there will be a different narrative. The world won’t be ending. Some kind of reversal in oil. Media hyping tax refunds or whatever. We know this is how the pendulum goes. The question then is which of today’s bobmed-out names will do best better now and then? Personally I don’t see RDDT having as much headline risk as the big socials. The world won’t stop hoarding Gold. Energy will come down but will still be elevated over a month ago, which means uranium/renewables will be fighting back. Data centers are getting built with or without AI, and that includes memory. What are your ride or die picks?
Dear reddit users, click, like and comment every ad you see. Watch all ads to the end. We need to save RDDT from the ground. Every cent matters, do not neglect. I'll be spending this evening watching ads on reddit.
Really thought I was slick buying those RDDT 131 1D’s this morning…
Thought I got a great cost basis on RDDT last year. Turns out ... I did not.
is RDDT going out of business?
Way to go RDDT, roll out some new restrictive shit on a day like today.
It's amazing RDDT didn't also get sued in the googl meta lawsuit The amount of brain rot damage this site has inflicted is enormous. Just look at all these poor addicted retards