50% port. My highest conviction pick for the next 6M RDDT
$RDDT
AI SUMMARY — Highly bullish on Reddit (RDDT) as a 50% portfolio conviction play for 6 months, citing strong data moat, minimal competition, ad monetization opportunities, low operating costs, and healthy balance sheet despite poor stock performance and low sentiment. Key risk: portfolio would be devastated if S&P 500 crashes significantly.
| TICKER | RDDT |
USER | u/Cheekycharmer95 |
| RATING |
BULLISH |
ENTRY |
$154.21
|
| POSITION |
63 sh
SYN
|
BOOK VAL |
$9744.71 |
| CURRENT |
$157.77 |
P&L % |
+2.31%
|
| CURR VAL |
$9969.67 |
P&L $ |
+224.96
|
Sticking this one out.
Data moat (to be monetised).
No real competition.
Incredible growth.
Lots of ad revenue monetisation opportunities.
Product itself is basic leaving more opportunity to grow user base through shipping features.
Extremely low cost of running the business.
Balance sheet is healthy.
Stock moves terribly. Sentiment really is at all time low. Buy low sell high right?
If S&P500 crashes I am absolutely finished though :)
Sell limit 205