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SNAP INC
Posted on 3/2/17 at 6:23 am
Posted on 3/2/17 at 6:23 am
IPO $17.00 today.
Anyone grabbing some?
Anyone grabbing some?
Posted on 3/2/17 at 6:41 am to BamaSaint12
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 on 3/2/17 at 6:59 am to BamaSaint12
Haven't decided if I'll touch it or not this week.
Posted on 3/2/17 at 9:19 am to BamaSaint12
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 on 3/2/17 at 9:49 am to BamaSaint12
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.
Whatever happens today and tomorrow, I think it's good for a run in the next month or two.
Posted on 3/2/17 at 11:04 am to BamaSaint12
Tech companies with insanely high valuations not supported by anything other than growth projections and dreams. Where have we seen this before?
Posted on 3/2/17 at 12:10 pm to BamaSaint12
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 on 3/7/17 at 8:38 am to BamaSaint12
back to back -10% days lol just imagine what happens when their lockup period hits
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