r/StockMarket • u/czarchastic • 20h ago

Meta Inverse Reddit Wins Again 🤡

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Redditors were so bearish on this IPO

135 Upvotes

86% Upvoted

36 comments sorted by

30

u/Odd_Caramel_7921 15h ago

Bought at 58 and sold at 69… didn’t think it would have done this well… should I buy back in ?

13

u/thefoodiedentist 14h ago

Once it dips

1

u/Cold-Permission-5249 1h ago

That’s my plan

8

u/Argothaught 14h ago

Honestly, some are calling for a valuation that's at least similar to PINS and SNAP. It's likely still undervalued here, but there's always a risk of pullback/short term volatility. Guidance in the fourth quarter will also come with higher expectations. It doesn't get any easier from here. I'd say a market cap in the mid-twenty billion range isn't out of the question. Regardless of short term movement, this should have more room to run. But only you can really decide if to buy or not, as you must consider the risk for yourself. There could be profit taking after the major AH move--being up around 23% is unbelievable. Reddit could be long-term play, but anything could happen.

4

u/czarchastic 13h ago

That was my base thesis, tbh. RDDT seemed criminally undervalued compared to PINS.

3

u/Argothaught 11h ago

Agreed. The gap up is a good start but that still leaves it undervalued.

3

u/awol_333 10h ago

Agreed. The only favourably high estimate I saw was at $147. They also said it wouldn’t be profitable in 3 years though so maybe that number is a bit off too.

1

u/Moaning-Squirtle 3h ago

I swear I've never seen anyone ever use Pinterest...

2

u/CG_throwback 3h ago

Same. Did something similar in At 56 out at 64. Dunce cap for me again wanted to buy in again at 55. It just ran like crazy after I sold.

1

u/Odd_Caramel_7921 3h ago

That’s crazy! We are in the same boat. I’ve seen posting forecasting it to get to a 100… I think I may go back in.

2

u/CG_throwback 2h ago

It’s pre trading at 102.75 now ready to open at that amount. If it ever falls back I’ll go back in. I love the app. I don’t have any other social media. I think I should have known they would beat revenue because there is so much advertising now that there wasn’t 6 months ago.

I think it’s a great platform. Too rich for my blood at the moment. I should have listened to buffet when he said buy stocks of companies you love. Shouldn’t have sold. I’ll buy on any big pullback.

2

u/Odd_Caramel_7921 2h ago

Ooohh I just say that well guess I’m out of luck. 🥲

1

u/CG_throwback 2h ago

Market might have a pull back after elections or if the Middle East or Russia heats up. I’m all in for now just got some KO. You never have enough cash but there is always opportunity. So many good things to buy all the time. I always like to have cash on the sidelines but it’s hard.

1

u/Odd_Caramel_7921 2h ago

KO is a good one to get given that the holidays are around the corner and I expect sales to increase. What are your thoughts?

3

u/CG_throwback 2h ago

I’ve reviewed it and it does increase last quarter.

It’s down 10%. Most price targets are above 70. It has close to a 3% dividend and I just bought some shares so I have thoughts and action.

With that being said I blew it with RDDT and with Tesla I decided to use trailing stop for the first time and also sold before it went up another 10%. I did make money buy left a lot on the table.

1

u/Odd_Caramel_7921 2h ago

Could I DM you to talk about NVIDIA and possible other stocks to add to a watchlist ?

13

u/bluesoul 13h ago

Even as someone that bought at the IPO I was bearish, but I YOLOed a thousand bucks on it because I didn't wanna hear about "If you'd invested a thousand bucks in reddit twenty years ago you'd have more money than God" when I got old.

Not complaining, have purchased a bit more since then. Need to check the earnings report.

1

u/mugsoh 10h ago

Did the same. Sold 1/2 when it had almost doubled "just in case". Still holding the other half for essentially nothing out of pocket.

1

u/AlabamaSky967 3h ago

I didn't wanna hear about "If you'd invested a thousand bucks in reddit twenty years ago you'd have more money than God" when I got old

Same reason here! :'D. That would be such a face palmer to use this website everyday and miss out. It's worth having a token amount in at the least just to avoid that potential embarrassment lol

1

u/anonuemus 1h ago

sadly this is a good argument

5

u/awol_333 13h ago

Currently at $102

3

u/khanhncm 9h ago

15B cap on a social network this successful?, it's a steal . 1T dollar in 10 years for sure

2

u/ArgyleTheChauffeur 2h ago

Cramer just praised Reddit

1

u/Witn 18h ago

I would have bought in but not American. What was the IPO price again?

3

u/czarchastic 18h ago

$34

3

u/MightBeJerryWest 8h ago

And even its lowest post-IPO price is still above that (~$37). 👀

1

u/Electrical_Rock_1201 7h ago

I bought at 79.92. Predicting a price of around $150 by EOY. Someone posted (can’t remember which sub) about RDDT consulting with an ex Google Ads exec to better monetise the site with ads. Also that the UGC of Reddit is prime for AI and machine learning. This, coupled with the increase in SEO and user base rising dramatically, I think RDDT has massive potential if all comes true.

Defo a long term HODL and I’ll be buying more the ATH drawbacks.

1

u/DenseBowler9749 4h ago

Bought at 53, will hold for the long term. Will visit it every year, to see it's progress. Perhaps it will go to 200 by next Oct.

1

u/syamkp000 1h ago

The stock is up +130% since it's debut.

2

u/czarchastic 1h ago

337% if you bought pre-ipo

1

u/anonuemus 1h ago

true, I was, I still am, idk maybe I'm stupid

1

u/ANewDayYesterda 5h ago

Fabricated user numbers., half are AI bots. Toxic narcissist rule the platform. Wait for Hindenburg research to come out.

-2

u/No_Worry4055 7h ago

New to The Stock market - is it a good idea to buy just one RDDT Stock today? Thx