Snap a 15 billion dollar company that is competitive with 500 billion dollars companies, but still, I don't think they will succeed.
Thanks for that heads up. I'm just curious here but why are there so many Stocktwits copy and pasters on this forum? Like I can easily point out 4 of them which are very blatantly obvious copying and pasting other people's post ideas off Stocktwits and posting them as if it is their own here...not to mention "liking" each others posts all the time. Wtf? @fidelgeorge @Jack Levy @Charles Noble I suspect @LloydWCoutee may be another one as well but I'm not 100% certain on that one. What gives? No offense to the guys running this board, but honestly I've kind of lost interest coming on here as of late because of all these copy pasters. It really doesn't look good for the site IMHO. Just my 2 cents. But hey I'm just a lurker here. Who cares what I think lol. Perhaps if you guys can curb some of these copy pasters this site would attract more people. Just saying. Carry on. EDIT: This place needs more people like yourself and @Rock Sexton posting and less of the @Jack Levy and company IMO. Sorry if this was off-topic but just felt the need to say something about it.
3 Snap Executives Sold Nearly $10 Million in Stock on Monday - https://finance.yahoo.com/m/37fd2ebd-1df1-3f44-b512-cbc0373c594a/3-snap-executives-sold-nearly.html
Monday 8/14 was the last of the insider lockup expirations. That being said $10 million is a drop in the bucket.
I just think this is a niche app with a very short shelf life in the long scheme of things. I would never invest in this for longer than a real short swing. Just my opinion.
I posted this in my Facebook the yesterday but .... Once a stock has stopped trending in a direction, it will form a range. Within this range, the stock will often rotate around its most active price level in almost perfect mathematical fashion. SnapChat bottomed on 8/14 at $11.25. Its most traded price level is $13.50. That represents a $2.25 difference putting the top end of the range at $15.75 - which would be a 40% gain since the employee share lockup expired. As an aside, a "gap" is when a stock opens up the next day at a different price than when it closed. This represents "missing information" which the market commonly fills when the trend reverses. SNAP has a gap from July 11th at $16.99. Notice DEMAND > SUPPLY and high volume occurred pretty much right during the employee lockup expiration. The herd always panics at the bottom and institutional money is there waiting to soak it up.
I need to stop using StockCharts for volume profile. ThinkorSwim is waaaaaay more accurate. The difference between the bottom and the most actively traded price was roughly 2.17 ..... putting the completion of the upside move within the range to $15.47. Today it hit a high of $15.34. I'd say it was a success. 36% gain since the lockup expiration.
Snap has sold more Spectacles than Apple sold iPods in their first year, says CEO, but investors still 'fearful' - https://www.cnbc.com/2017/10/03/snap-spectacles-how-many-have-been-sold.html
Snap is destroying Facebook in a key demographic - https://finance.yahoo.com/news/snap-destroying-facebook-key-demographic-190900569.html Snap stock surges 11.4% in best trading day since IPO - http://www.marketwatch.com/story/sn...since-ipo-2017-10-11?siteid=yhoof2&yptr=yahoo
Jim Cramer must be talking about this right now on Mad Money because it just jumped another 20-30 cents in AH,