SNAP - oversold, bounce coming? or keeps selling

[KCalhoun]

Speaking of snapping, that reminds me of one of the saddest moments in Sci-Fi history. Q's final SNAP, which happened just recently. No more Q. Such a shame, I loved his character.

True, Q was great. Remember the mariachi band, the trial of humanity.....

 

[Overnight]

True, Q was great. Remember the mariachi band, the trial of humanity.....

That was the older canon, where Q could not die. In the new Picard canon, he did. Sux.

But I liked how they looped the "See you out there" bit, which was from the end of the ST:TNG run.

 

[M.W.]

You really seem to love catching falling knives, over and over and over again. I bet you spend your hard earned money from the few successful trades you make all on those mistakes...

True, Q was great. Remember the mariachi band, the trial of humanity.....

 

[KCalhoun]

You really seem to love catching falling knives, over and over and over again. I bet you spend your hard earned money from the few successful trades you make all on those mistakes...

I had winning day and swing trades today in UVXY SQQQ etc., several thousand shares traded.

I bot just 30 shares snap eod for fun, overnight swing. No comparison lol and it's up .16ah

 

[Nine_Ender]

I didn't care. I was going with the flow but looks like somebody is propping the market up again. With what's going on right now, the market should be going down lot more. We should've broken through the 38.2% fibo reversal level last Wednesday. I hope this is not deja-vu of the 2008 financial crisis all over again cuz that's what they did at the beginning as well. Propping the market up refusing to let it fall to until they can't anymore and the market crash-landed big time.

Hope you tp'ed in time with your UVXY.

Nobodies "propping up the market" you are delusional. It's a free market and all large transactions are public domain knowledge. These conspiracy theories some of you believe in are incredibly stupid. Seriously if you are going to trade you need to get smarter about markets and how they work.

 

[KCalhoun]

That was the older canon, where Q could not die. In the new Picard canon, he did. Sux.

But I liked how they looped the "See you out there" bit, which was from the end of the ST:TNG run.

Picard Season 2 was actually quite good imo, great to see the Borg queen and Jeri Ryan again.. menage a trek lol

 

[Overnight]

Picard Season 2 was actually quite good imo, great to see the Borg queen and Jeri Ryan again.. menage a trek lol

Yes, it is good, but these offsets we are seeing is depressing now, because we know it is all ending. They killed off Data, they killed off Q. Seven is next. And soon it will be Picard. End of an era, like they have been doing with Star Wars. We're getting old. BAH!

Anyways, back to SNAP! Umm, it is still nuts how that investor call made the whole market go "wonky".

 

[nitrene]

Nothing but lower lows all day. I was surprised it didn't really stabilize. At least Pinterest was tradeable today. I think Pinterest would be easier to trade since they cratered on Snap's news but they are pretty different platforms. When the QQQ rallied in the morning after the selloff PINS almost went up 10% yet SNAP went nowhere.

Pinterest probably competes with Instagram (fashion & lifestyle) where as Snap mainly competes with TikTok (tweens mimicking pop divas in 30 sec clips).

 

[KCalhoun]

Snap was great today

 

[murray t turtle]

What do you think re SNAP? I daytraded minor eod bounce, likely smarter to day vs swing trade it.

Who knows.... looks a bit oversold so I bot tiny bit 30sh for overnight. Should be interesting

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YOU would have to love counter -trends to do that\LOLFB still super downtrending, so it maybe have to be a snap quick trade\LOL.
UWM looking good on a startin' position;
stalking TZA also. SNAP looking weak on most any time + hourly charts, i dont love that counter trend$ that much/go for it if you do