RDDT

The next stock I want to talk about is Reddit. Now, Reddit, not quite as much volume, right? about one fifth or so of the average volume compared to the last 30 days, but is a stock that's coming down.

And the reason why I really wanted to highlight this is because similar to some of these other stocks, we're potentially coming down and breaking some up sloping trend lines or attempting to, right? Reddit had a good sell, right? It it fell over here at the end of July. um about 24% off of poor earnings had a nice recovery and just like I said on Tesla right looked to retrace and actually went green and what did I say after filling a massive gap like that expect a multi-day sell 1 2 3 4 day sell down 19%

Now, Reddit, why is it undervalued to me? Reddit right now is a company worth around $29 billion, has a trailing PE of 35.6 times, but a forward one of 21.3 times.

Year-to-date, the stock is down 36.7%, and over the past 12 months, the stock is down 30.4%. Now, Reddit, while you might only look at the stock and say, "Oh, the company is definitely not doing well." Well, actually, the it's the contrary. The company has grown revenue by over 60% for the last X quarters, so the growth is definitely there. The market is still expecting this company to grow quite rapidly over the foreseeable future.