Author argues SNAP and RDDT were unfairly punished by negative sector sentiment rather than poor earnings and will bounce back to pre-earnings prices within weeks.
SNAP — LONG The author claims SNAP fell on negative sector sentiment rather than poor earnings, and expects a relief rally to lift it back toward pre-earnings prices. The stated mechanism is that the stock was beaten down roughly 40% year to date and rallied in extended trading after earnings, so no catalyst is required. The author expects it may take time to reach $9-10 but finds it very likely to return to $6-7 later this month. Main risk is that the bounce thesis rests on sentiment reversal rather than fundamentals.
I do think it will take some time before SNAP touches $9-10 again but I find it very likely it will get back to $6-7 later this month.
RDDT — LONG The author argues RDDT declined due to negative sector sentiment rather than weak earnings and expects a relief rally back to pre-earnings prices. The mechanism cited is that both SNAP and RDDT rallied in extended trading after earnings, suggesting the selloff was sentiment-driven. The author gives a one-to-two week horizon and states no catalyst is required. Main risk is that the rebound depends on sentiment normalizing rather than company-specific improvement.
I think RDDT and SNAP will climb back to pre earnings prices. No catalyst is required.
This Reddit post, published February 07, 2026, features u/lies_are_comforting discussing SNAP, RDDT. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: u/lies_are_comforting · Tickers: SNAP, RDDT