Will you follow Cathie Wood to buy Reddit?

On the first day of the $Reddit (RDDT)$ IPO, Cathie Wood's Ark Invest bought 10,000 shares, with 5,914 shares of Reddit purchased in the $ARK Next Generation Internet ETF(ARKW)$ fund and 4,068 shares in the $ARK Fintech Innovation ETF(ARKF)$

Since it was bought on the first day, Reddit's IPO price was $34 per share, the Thursday opening price was $47 per share. As of April 2nd, the closing price was $45.97 per share, and this batch of holdings may already be incurring losses.

So, if you had the chance to buy Ark at the bottom, would you buy it?

Reddit is Sinking! Will You Short the Meme Stock?

Reddit CEO Steve Huffman and other top executives and board members late Wednesday disclosed share sales, just a week after the social network had in its initial public offering. RDDT stock plunged Thursday. ------------ Is Reddit with insider selloff and short-sellers' move? What's your target price for Reddit?

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Comments

Azerone.Kee
04-02
Azerone.Kee
to me the sample size is too small for analysis, I will not try my luck, and so I will keep a way from it until one day it might catch my attention again.

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Will You Short the Meme Stock?","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":7a9bed197d0340ecbdbb3000a530573c}&rnconfig={\"headerBarHidden\": true}","description":"Reddit CEO Steve Huffman and other top executives and board members late Wednesday disclosed share sales, just a week after the social network had in its initial public offering. RDDT stock plunged Thursday.\n------------\nIs Reddit with insider selloff and short-sellers' move?\nWhat's your target price for Reddit?","image":"https://community-static.tradeup.com/news/03aeb45c337ec81083007957d9b066a3"}],"images":[{"img":"https://static.tigerbbs.com/0f54f720069fab4137eb90289c79199a","width":"1768","height":"699"}],"coverImages":[{"img":"https://static.tigerbbs.com/0f54f720069fab4137eb90289c79199a","width":"1768","height":"699"}],"title":"Will you follow Cathie Wood to buy Reddit?","html":"<html><head></head><body>On the first day of the <a href=\"https://ttm.financial/S/RDDT\">$Reddit (RDDT)$</a> IPO, Cathie Wood's Ark Invest bought 10,000 shares, with 5,914 shares of Reddit purchased in the <a data-mention-id=\"ARKW\" class=\"teditor-mention\" data-mention-name=\"ARK Next Generation Internet ETF\" href=\"https://ttm.financial/S/ARKW\">$ARK Next Generation Internet ETF(ARKW)$</a> fund and 4,068 shares in the <a data-mention-id=\"ARKF\" class=\"teditor-mention\" data-mention-name=\"ARK Fintech Innovation ETF\" href=\"https://ttm.financial/S/ARKF\">$ARK Fintech Innovation ETF(ARKF)$</a> Since it was bought on the first day, Reddit's IPO price was $34 per share, the Thursday opening price was $47 per share. As of April 2nd, the closing price was $45.97 per share, and this batch of holdings may already be incurring losses. <img src=\"https://static.tigerbbs.com/0f54f720069fab4137eb90289c79199a\" tg-width=\"1768\" tg-height=\"699\">So, if you had the chance to buy Ark at the bottom, would you buy it?</body></html>","htmlText":"<html><head></head><body>On the first day of the <a href=\"https://ttm.financial/S/RDDT\">$Reddit (RDDT)$</a> IPO, Cathie Wood's Ark Invest bought 10,000 shares, with 5,914 shares of Reddit purchased in the <a data-mention-id=\"ARKW\" class=\"teditor-mention\" data-mention-name=\"ARK Next Generation Internet ETF\" href=\"https://ttm.financial/S/ARKW\">$ARK Next Generation Internet ETF(ARKW)$</a> fund and 4,068 shares in the <a data-mention-id=\"ARKF\" class=\"teditor-mention\" data-mention-name=\"ARK Fintech Innovation ETF\" href=\"https://ttm.financial/S/ARKF\">$ARK Fintech Innovation ETF(ARKF)$</a> Since it was bought on the first day, Reddit's IPO price was $34 per share, the Thursday opening price was $47 per share. As of April 2nd, the closing price was $45.97 per share, and this batch of holdings may already be incurring losses. <img src=\"https://static.tigerbbs.com/0f54f720069fab4137eb90289c79199a\" tg-width=\"1768\" tg-height=\"699\">So, if you had the chance to buy Ark at the bottom, would you buy it?</body></html>","text":"On the first day of the $Reddit (RDDT)$ IPO, Cathie Wood's Ark Invest bought 10,000 shares, with 5,914 shares of Reddit purchased in the $ARK Next Generation Internet ETF(ARKW)$ fund and 4,068 shares in the $ARK Fintech Innovation ETF(ARKF)$ Since it was bought on the first day, Reddit's IPO price was $34 per share, the Thursday opening price was $47 per share. As of April 2nd, the closing price was $45.97 per share, and this batch of holdings may already be incurring losses. 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