Bear thesis looks fkd for tomorrow

This came out at 5:05 eastern, and look at all the charts, they all dropped with it right when it came out.

SNAP 8K:

Item 7.01 Regulation FD Disclosure.

Since we issued guidance on April 21, 2022, the macroeconomic environment has deteriorated further and faster than anticipated. :wtf: (hmmm... who said that earlier in this thread?)

As a result, we believe it is likely that we will report revenue and adjusted EBITDA below the low end of our Q2 2022 guidance range. We remain excited about the long-term opportunity to grow our business. Our community continues to grow, and we continue to see strong engagement across Snapchat, and continue to see significant opportunities to grow our average revenue per user over the long term.
 
NICE....DOES THAT MEAN I WILL GET PAID TOMORROW MORNING ON MY UVXY LONG?

NOT IF THE UVXY GAPS DOWN IF THERE'S A REVERSAL DURING THE EURO OPEN!

lol

No need to shout. We got some Euro PMIs coming tomorrow morning before US RTH, so unless they are super strong, I wouldn't sweat it.
 
Back
Top