I personally would never go long SNAP. If you would believe it I was short at 22 through long term options and made a quick $100 and took my gains because I was afraid of a short squeeze and just thought it was too damn obvious how bad the company is. That will probably turn into one of my greatest investing/trading blunders. Like TSLA for Max, I don't mess with SNAP because of that.
Yeah, it did seem too damn easy didn't it. I think the lockup expiration is priced in here. The bottom is finally in. F'r is goin up now.
LOL, was already on it, nice eye, made like 100 bucks when it failed to break those .80's i dumped, only other trade today i took a shot at the ES and basically scratched it, lost a quarter point, thought it was going to break 2466, and it got jammed up so i got out, nothing ever breaks out on mondays lol. overall im up 22 bucks on the day.
SNAP is just a trader for me, it puts in good moves, when it moves, and its thick, and there is tons of volume, its something you can make alot of money if you nail it but yeah id never hold it overnight.
I'm thinkin about going large. There's no way they're not gonna *(by hook or by crook)* blow out this quarter.
Yeah wouldnt be surprised now that insiders can sell, but thats a pretty risky bet if your thinking about holding size in too earnings on this thing, it could just as easily be a huge fail IMO.
You do realize though its still valued at 16B and has never made a dime right? How can you cook books when you don't actually make any money?