The analyst plans to take long positions in RDDT when the SaaS sector shows signs of recovery, believing RDDT has a monetizable product unlike SNAP.
RDDT is described as a money printer with a good product monetizable by adult users, unlike SNAP; the analyst will enter positions when SaaS recovers, triggered by news.
@Axoszs $RDDT are a money printer + actually have a good product that can be monetized by adult users...unlike $SNAP. I'm gonna look to take positions when I feel SaaS is back. No idea when that'll be though. Probably get some kinda news that triggers the SaaS renaissance
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +1.2% | +0.6% |
| 1 week | +1.7% | +2.3% |
| 1 month | +13.7% | +13.8% |
| 3 months | — | — |
| 6 months | — | — |