SNAP

Anyone bold enough to buy it now?

 

That's probably a good buy. Looks like an overreaction to me. High liquidity at 17.60 now. We shall see tomorrow if it would have been good.

 

Madame Marie calls another one.

 

Did you mean long or short? I would guess both will be profitable tomorrow given the right exit.

 

I meant buy them both (put and call) for $1.30 each at the time. $2.60 risk for it to break $22.80 on the upside or $20.20 on the down side.

 

Vanzandt, Snap Guru. You're right once again. 17.68 after hours.

 

Well, I know what a straddle is...I meant would you want the short straddle or the long?

I wouldn't be that surprised to see this walk back above it's close. There was a time I was short SHLD, then Eddie Lambert forced a squeeze, and my shares were covered. It tanked in the early minutes, then by day's end was back almost to previous close.

 

Well, the stock looks pretty low. But it's so far from crushing.

 

I say this half tongue in in cheek and half serious... But I think the whole thing was designed and underwritten from the ground up to be the ultimate short squeeze ATM/game. One for the history books. It will be studied 25 years from now. There's no way it couldn't have been. No one in their right friggin mind would pay an enterprise value of 27 Billion dollars for an ad based business model that is losing north of $8 per share per year.
With 2/3's of the shares outstanding not even in the public float. Pfff.... the higher it goes..... the more common people are going to get F'd in the end. You can take that to the bank. Watch it gap up in the near future.... but in the end... this bitch will see single digits.
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