SNAP popped, but will it Crackle?

Gotcha said:
I know they say that children are our future and all that crap, but the big problem these days is that the millennials are poor. They have lots of debt, not great job prospects, and although they seem to be the dumbest generation yet and hence perfect for spending money on overpriced phones and useless apps, their small cash flow means that you can only suck so much money out of them. It has also been said that they aren't too interested in owning stuff, but having experiences, and sharing it with the world. This doesn't bode well for retail as we are seeing though.

So even if you know what makes them tick, how much money will there really be in exploiting this?
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They used to complain about the Boomer generation too.
 
SoesWasBetter said:
Told ya'll this would be shortable this week
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Of course it went down... but "shortable" as a trade?
Not really.
IPO underwriters are forbidden by rule from lending out shares of the IPO stock within the first 30 days of trading. That means that firms such as Goldman Sachs, Morgan Stanley, Bank of America, JPMorgan Chase, Deutsche Bank, Barclays and Credit Suisse will not be able to lend their shares for the time being.
http://blogs.wsj.com/moneybeat/2017/03/03/so-you-want-to-short-shares-of-snap/
 
vanzandt said:
Of course it went down... but "shortable" as a trade?
Not really.
IPO underwriters are forbidden by rule from lending out shares of the IPO stock within the first 30 days of trading. That means that firms such as Goldman Sachs, Morgan Stanley, Bank of America, JPMorgan Chase, Deutsche Bank, Barclays and Credit Suisse will not be able to lend their shares for the time being.
http://blogs.wsj.com/moneybeat/2017/03/03/so-you-want-to-short-shares-of-snap/
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So anyone taking your advice missed out on a quick 15% gain.
 
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