Not good comp. Rddt has one of the best tech mnmgmnt team, a super-focused one of the best run company. The stock is down because on a lot of metrics, it looks expensive and maybe they are overmonetizing. At least that's what the bulls are worried. Snap on the other hand is really cheap but it has one of the worst tech mngmnt team around. They can be really profitable but they spend 1 billion/yr on SBC printing new shares like no tomorrow. Ceo is an idiot with super-voting shares & chance of activist action is low. New worried hv emerged from New législation worldwide to ban social media for kids below 15. Slowdown in America MAU in last q.
21 - MOASS - Diamond Hands
25 - Buy the dip
26 - Short the peak - Smooth Diamond Brains
I have shorts on PLTR, TSLA, META, MGM and WFC.
But I bow to you King. My shorts are only 10% of my portfolio.
Barclays has HOOD missing last q, so who knows where it goes in the short term into/after earnings.. but I popped my prediction market cherry this weekend, which I expect a bunch of others did too…. I scooped a bunch at $72 but sold at $84…. Hoping for another dip gonna load the fucking boat. HOOD making all the right moves to grow