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SNAP INC

Posted on 3/2/17 at 6:23 am
Posted by BamaSaint12
Crab Island, Destin
Member since Jan 2007
1542 posts
Posted on 3/2/17 at 6:23 am
IPO $17.00 today.
Anyone grabbing some?
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 3/2/17 at 6:41 am to
It's worth less than $17 but I know you won't get any today at $17,I'll let them inflate it to the stratosphere like go pro and grab some short
Posted by Old Money
Member since Sep 2012
36608 posts
Posted on 3/2/17 at 6:59 am to
Haven't decided if I'll touch it or not this week.
Posted by hsfolk
Member since Sep 2009
18581 posts
Posted on 3/2/17 at 9:19 am to
no, that stock will tank fast since the target demographic (teenagers) have no money...what made facebook more attractive is that they got adults to start using it which was key for advertisers
Posted by blueboy
Member since Apr 2006
56547 posts
Posted on 3/2/17 at 9:49 am to
I don't like its long term viability, but I think it's good for a short term run. I rode GPRO up to 80 and VJET up to 60. Both are worthless now, but thanks for the quick cash.

Whatever happens today and tomorrow, I think it's good for a run in the next month or two.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37196 posts
Posted on 3/2/17 at 11:04 am to
Tech companies with insanely high valuations not supported by anything other than growth projections and dreams. Where have we seen this before?
Posted by chongo
Member since Oct 2014
199 posts
Posted on 3/2/17 at 12:10 pm to
The only question is when will I go short. Snap is like twitter. Instagram introduced "stories" and Snap's user growth hit a wall. They have nothing proprietary. Hell, they even listed as a "camera company." Their cost per user has increased as they have scaled, which is confounding. Their long term cloud storage contracts with Amazon and Google are insane. Waiting 5 days for option chains to become tradable so I can buy puts on puts on puts.
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 3/7/17 at 8:38 am to
back to back -10% days lol just imagine what happens when their lockup period hits
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