Green Light

I own $RDDT and I am not planning to sell before earnings tomorrow. I think there is a good chance we get a beat on revenue and EPS and the stock still goes down. That has happened before where the story matters more than the numbers for a day or two. People will look past the beat and focus on daily active users. If that number comes in even a little light then that will be the headline. It will not matter if monetization was better. The conversation will become about whether user growth is stalling. The other piece is data licensing. I think Hoffman will give an update that is honest and careful. He will probably not give a specific number that ppl want . He will talk about conversations that are ongoing and about building for durability. That kind of answer is responsible but the market often reads it as vague or soft. So you can get a situation where revenue beats along with eps and then two talking points create selling pressure anyway. If that happens I am ready for it. I have cash set aside and I have a plan to buy more if it drops into that $100 to $125 area. I know that sounds strange to be hoping for a drop when you already own something, but I would rather add to a business I understand at a price that is completely detached from fundamentals than listen to the market. Reddit to me is still early. More of the internet ends up inside Reddit threads every year. The archive of real human conversation keeps getting more valuable while everyone else is dealing with synthetic content. Advertising is still underbuilt compared to peers. Those things do not change because of one quarter of daily active user softness or because a licensing comment was not precise enough. That is why if it sells off on those fears I will be buying a lot more.