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Golden cross imminent
▲ 36 r/redditstock

Golden cross imminent

The 50-day is about to move about the 200-day; that should trigger further upward momentum as algos react to that

We are up 37% since the death cross on Feb 24, when the 50-day fell below

Usually a golden cross powers a new prolonged move higher… strap in

u/politicaldata — 3 days ago
▲ 24 r/redditstock

The new range

Is 160-185: that’s 15%

Anyone losing their mind as we swing needs to wait it out. I’m waiting for <150 to buy again

The meaningful move has happened: the 140 -> 180 jump. 30% like that. Now we’re adjudicating the short term price action, but this stock, as ever, wants to move higher

I highest I’ve bought is 157 the day after earnings. Low of 122 on Mar 30. Cost basis 141. 33% port

Holding to 2035. spez 4lyf

u/politicaldata — 18 days ago
▲ 31 r/redditstock

Has anyone read the 2018 book on Reddit and spez

It's called We Are The Nerds. I read it over the weekend.

  • Spez comes out of it seeming like our Zuck/Jobs. Alexis O is not missed.
  • The shift in moderation policy, away from dark content, was good - that takes up a lot of the early 2010s. Chairman Pao and the other guy before her were dire.
  • Conde starved the company of development to the point that the company had no CEO betw 2009 and 2012. Spez was a kid before that.
  • You come away from it thinking RDDT is a 21-year old company that's really only 11 years old: i.e. since Spez returned.

Someone else is going to need to write the post-2015, 100-billion-dollar company version of the book in a couple years

reddit.com
u/politicaldata — 23 days ago