RDDT shows its vulnerability if GOOG tweaks their algo. Also if user growth is slowing, Reddit's ability to crowdsource answers and ideas gets weakened. Still, the company's value is huge with its big repository of data that it can leverage. I'd set up a small entry here and have some limit buys around 190 in case this dips further.
RDDT bulls getting cracked by bears on every pop. thinking 197 before we see any chance of a short term reversal into tomorrow. we lose 197 and.... yikes
RDDT Even though figures were excellent, the heavy dependence on Google is a BIG downside risk. Imagine Google updates their SEO algorithms in a way that Reddit cannot handle … everything hinges on Google, that is why the stock is down
RDDT 4hr chart was the extra push i needed to load calls on this pull back. I think we see 201 before bouncing. Will average down on calls around there. Loving the 206 area could easily blow by that and close out by tomorrow tapping 220 at least once