The Stock Market Is Not The Economy Thread II

[Tyrath]

Well I'm convinced to not bother. Thanks

[Melena]

Well I'm convinced to not bother. Thanks

Honestly, if you want to get in early, wait 24-72 hours. Stock price will probably stabilize and settle in from there. Though I honestly don't see Reddit IPO being a strong, long term deal.

They got rid of Reddit gold and replaced it with something more expensive and less beneficial to users, so they are pretty much entirely advertisement driven. And those "He Gets Us" ad money won't last forever.

[Mayareira]

Honestly, if you want to get in early, wait 24-72 hours. Stock price will probably stabilize and settle in from there. Though I honestly don't see Reddit IPO being a strong, long term deal.

They got rid of Reddit gold and replaced it with something more expensive and less beneficial to users, so they are pretty much entirely advertisement driven. And those "He Gets Us" ad money won't last forever.

They recently signed a deal with Google for the use of content on training AI, I think this is the highlight of their story.

They are growing, their financials are getting better but still losing money, this is an IPO where you make your buying decision solely on the “story” its selling for the future.

[Zetanio]

I would buy as much as you can and set limit sells at 25% 50% 100%.

[Outlaw]

I hope you bought some Nvidia shares.

https://www.cnbc.com/2024/02/21/nvid...t-q4-2024.html

https://www.macrotrends.net/stocks/c...-price-history

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[Krandor]

If you bought in right when they announced the stock split in 2021 you're up 400% with no signs of slowing down.

[Gredival]

I put 60% of my Roth this year and last into the Vanguard EFT that mirrors the S&P 500 and 40% into nVidia

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[Outlaw]

Oh, here's another crazy stat I read. I'm sure most of you who invest are aware of this though. The S&P's recent gains have been overwhelmingly attributed to Nvidia. I can't remember the percentage right now though. Here is a good article.

“The company is printing money at this point,” Bernstein analyst Stacy Rasgon wrote in a Thursday note to clients recapping Nvidia’s “remarkable” quarter, adding he thinks the company’s growth prospects remain “solid.”

https://www.forbes.com/sites/dereksa...h=5890c7412662

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[thetruepandagod]

if the poor were just invested in nvidia bidenomics would be working

[Zetanio]

its overpriced but its good for america.

[thetruepandagod]

i am upset for being a fool in life and not maxing out credit cards and going all into nvidia.

[Zetanio]

the yolo play is always fun.

[6souls]

https://twitter.com/AP/status/1762528533711134742

https://twitter.com/Variety/status/1762510369304518754

[Lokus]

Time to let my Netflix sub lapse. Haven't been using it as much lately and these bi-yearly/yearly hikes are getting nuts.

[Roranora]

canceled Prime earlier this month. no more pls

[6souls]

canceled Prime earlier this month. no more pls

Wells Fargo flagged my Prime renewal as a fraudulent charge. Shit is $160/year now.

[Tyrath]

I split prime with Tymon and we both have the Amazon CC which gets you 5-6% on all purchases so it pretty much pays for itself

[Qalbert]

my folks use the shipping and video stuff a lot so I get em a year every xmas and use the gaming stuff myself

[archibaldcrane]

I split prime with Tymon and we both have the Amazon CC which gets you 5-6% on all purchases so it pretty much pays for itself

^

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[Zetanio]

i have cancelled like 60% of our monthly subs and have started pirating again.