Buy Second Half Reddit (RDDT)
It’s been an ugly stretch lately, with numerous crashes in a number of growthy names. I’m not confident that the selling is over, however, history has shown that doing a little buying when things seem bleak can pay off.
We’ll see if that’ll be the case this time around by filling the second half of our position in Reddit (RDDT)
The stock is back to the level at which it consolidated from December through mid-January (roughly 160), which feels like a logical place to average down.
That said, if RDDT falls much lower we may reverse course quickly and exit the position altogether. BUY SECOND HALF
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