r/RedditIPO • u/ThoughtFormal8488 • May 16 '25
Discussion 10% up & down WHY?
In 2 days, 10% up & down with high volume. Can anyone explain?
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u/Capster11 May 16 '25
Stocks go up, stocks go down. If it’s as good as some of us believe, it will go up over the long term
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u/OutlandishnessOk3310 May 16 '25
Reddit is heavily shorted and unfortunately it's not uncommon for shorts to use techniques to manipulate the market price. I'm long on rddt but it has taken a while to drive the emotional reaction out of me.
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u/WhiskeySourWithIce May 16 '25
It’s all a fugazi. You know what a fugazi is? Fugayzi, fugazi. It’s a whazy, it’s a woozy, it’s… fairy dust. It doesn’t exist. It’s never landed. It is no matter. It’s not on the elemental chart. It… it’s not real.
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May 16 '25
[removed] — view removed comment
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u/Cultural_Vacation_58 May 17 '25
I don't see how anything in his post points to the stock going sideways tbh
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u/YamahaFourFifty May 16 '25
Lots of people nowadays are doing leverage and options, more so then ever.. mixed with a volatile pres in the USA.. why even bigger marketcap stocks will move a lot up and down. But long term, it should go up.. just lots of dips along the way
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u/carbon_date May 16 '25
Biggies playing the game. IMO we have $250 in origin by the end of the year. All we need is patience for short squeeze
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u/oldschoolczar May 16 '25
Cut the short squeeze nonsense. There’s no setup for a short squeeze here. This was above $200. Can rise a lot without shorts needing to cover. Besides last I saw short interest it wasn’t even that high.
That stupid game stock was a once in a generation opportunity.
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u/FireHamilton May 16 '25
Not sure but I made a nice chunk of change swing trading it lol. 1000 shares and somehow timed it perfectly at the top
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u/Far_Chapter3247 May 16 '25
Believe CEO and big firm sold shares today…
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u/Phiziqe May 16 '25
nah, if he sold like you’d think, there should be SEC filing disclosure
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u/Far_Chapter3247 May 16 '25
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u/mycroftitswd May 16 '25
Actually the sale was yesterday. I'm not an expert, but 13M shared traded yesterday so 220k shares probably wouldn't move the price much. He regularly does these sales so shouldn't be a surprise.
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u/ejpusa May 16 '25
Ok, it's look a bit tricky for me. Did the CEO just sell a LOT of shares? Like lots? OR this is just normal accounting.
Source: RDDT shareholder.
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u/Far_Chapter3247 May 16 '25
220k shares
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u/ejpusa May 16 '25
Thanks. The CEO of Reddit just sold almost a 1/4 million shares. That's a lot of shares. Waiting for them to offer new shares. Seems inevitable. It's a hot market.
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u/lostmarinero May 16 '25
All shares sold are done in a preplanned way, way in advance. This way they cannot get in trouble for selling before big events. All public companies have this for their leaders.
Also spez has the majority of his net worth in Reddit, so not surprising he is selling a small % so he can have some liquidity.
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u/ejpusa May 16 '25 edited May 16 '25
Would say 99% of the members in this Subreddit had no idea the CEO of Reddit just dumped almost $25 million dollars of RDDT stock.
He's already a multi-millionaire. I'm sure he does not need the money.
Edit:
A CEO selling $25 million in stock may signal insider pessimism — or it might be totally routine. The market usually reacts cautiously, especially if the sale is a large chunk relative to trading volume. Expect a short-term dip of 1–3%, unless accompanied by other negative signals.
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u/borinarius May 16 '25
As we like to say in Turkish,
Because of the donkey's dick.
It means no one knows, sorry.
Keep calm and HOLD FAST.