bought 20 rddt
yesterday was liberation day, usa impose tariff on most nations
and markets dipped around 3%
toady continued, and rddt fell around 13%
took the chance to increase my holdings to 50
price at $83.5
looking at msft, to reach close to $350, then buy another 10
bought another 5 meta
and now i have 30 shares, much nicer number
it has reached a support level at 550
tmr will be 2nd apr, which is the day tariffs will be in place
it might rally
if not, i have to get 10 msft around $350
and maybe 200 rddt at $80
for meta, another thing i like about it that i have not mention is Threads
they copied X, but i find it quite useful
i can add content creators quite quickly
compared to X, not sure why, i am not recommended financial news as quickly and efficiently
now that i owned 30 meta, i will enjoy using it even more
pltr may grow to become very big or the biggest in the portfolio
but do not sell
cause they are the company that takes analyst jobs away
companies that engage them can do away with the data preparation and analysis layer
so owning them is a hedge against my job
so do not reduce a single share of it
unless maybe i have become financially independent and do not need a job
if i want to sell, maybe tsla when it has gone up
as i need to balance my portfolio
bought 30 rddt today
was thinking if i should get 20
but i felt it was a lil less significant
and 30 was a nicer number
decided to be greedy when others are fearful
it fell more than 50%, from $230
PS ratio is only 11.5
it is also at a beautiful level, just sitting nicely at 200 day sma
and previously 1 or 2 quarters, it was well profitable
business wise, i quite like it
its like a hardwarezone, but a world wide one
i was on train, and saw young folks using it
wide ranging topics from NUS peeps looking for jobs
to FC25 trends
feels like it is something very different from facebook, X, or instagram, etc
maybe it is because people that want to stay anonynous uses it
but importantly, i think it is quite a good product, where i use it sometimes too
it is very sticky, starting to recommend me stuff to join, like watch communities
X, chatgpt, gemini etc, likes to use its data, and important to train its llm
especially when they want to understand how humans chat normally
it is a bit like a data goldmine, that X, chatgpt n fb will not be able to have
most important, as I mentioned, I quite fancy the product
and it has been some time i invest in a company that is still in quite an early stage
happy to add it to my family of stocks
bought another 5 meta shares
total i have 25 now, though i prefer number round off to ten
spent total of SGD 4k
its a gd balance, not buying 10 share, but buy a little
looking to buy msft and meta
meta might have to go to around 480 for my next purchase
PE at 25, PS at 9
i like meta, as they have open source AI
i also spent alot of time on facebook and insta
reason i buy today is because the price is at 200 day moving avg
bought my first MSFT share
something that I desire a long time
nadella n altman are scheming, i want to be part of what they are doing, so that i dislike them less
chatgpt has also been great to use
valuation wise, is the first time i bought it quite high
PS ratio of 11, PE or 31
but it is one of the stocks that are heavily owned by institutions, and it is hard for them to come down
munger also said before, of you just buy stocks at 200 sma, you can beat the market
and I am buying them below 200 sma, which is at 420
next price to watch is close to 350, which has strong resistance there
if it goes there, i will buy another 10
i am using wkly candles now, as the support and resistance is a lot more obvious
