Reddit picks winners!

Year after year Reddit picks the winners! I have kept a close eye on this subreddit for the last 10-15 years and have always been amazed by how ahead of the curve we are. Here is a list of stocks that have been heavily discussed over the years that have performed very well:

  • Tesla
  • Shopify
  • Block
  • NVDA
  • AMD
  • PLTR
  • AAPL
  • GME

I know everyone in the comments is going to claim this is selection bias, but I can assure you these stocks were talked about so much it is unmistakable. People will also claim but these stocks have tanked since then! They have had significant corrections, but if you bought them when the buzz began you are still significantly in the green. We will have to wait and see what the future holds.

But what about the losers like movie pass!? Of course, some losers have been overly hyped too, but they are far less common. Also, in my opinion, the tone around stocks like movie pass is totally different than a stock like NVDA or SHOP.

The beautiful part about Reddit is you hear both sides, SHOP had a great deal of resistance back in 2017 and still does. A lot of people claimed it was a worthless company. People like Andrew Left were worshipped for shorting the company. But at the end of the day it was posted about non stop and has performed extremely well. People were also screaming from the top of the mountain that NVDA was overpriced in 2017, look where that ended up.

Lately it feels like we have entered a new “hype” cycle where a lot of new names have been heavily mentioned. Similar to the hype cycle of 2016-2017 there is a lot of resistance and great discussions behind had. Here are some new names that I have noticed being posted about non stop:

  • RKLB
  • IONQ
  • BBAI
  • CAVA
  • LUNR
  • SMCI
  • OKLO
  • BRO

I have been seeing these tickers fly around lately and see a lot of promise in them. They have performed very well in the past 6 months to a year, but we will have to wait and see where they end up in the long term.

It’s a common meme to short every stock Reddit mentions, but I ultimately disagree. The hive mind is a very powerful and can seemingly predict the future. Keep in mind, the hive mind is what sets the vegas spreads.

Anyway, that’s my rant for the day. I am sure 75% of you will disagree with me, but again, thats why I love Reddit. Would love to hear your opinions.

Also, I have holdings in most of the companies listed. This is not financial advice. Do your own due diligence before buying any company I listed.