SNAP - snapchat

I couldn't give a sh*t what you think or your popularity metrics and FYI what's popular on web boards doesn't make money in the markets. FWIW I have seen people post pure gold on here and nobody recognise it as such, but have somebody post the sucker stuff and there is a heated debate.

From RoSO

The tyro knows nothing, and everybody, including himself,
knows it. But the next, or second, grade thinks he knows a great
deal and makes others feel that way too. He is the experienced
sucker, who has studied not the market itself but a few remarks
about the market made by a still higher grade of suckers. The
second-grade sucker knows how to keep from losing his money in
some of the ways that get the raw beginner. It is this
semisucker rather than the 100 per cent article who is the real
all-the-year-round support of the commission houses. He lasts
about three and a half years on an average, as compared with a
single season of from three to thirty weeks, which is the usual
Wall Street life of a first offender. It is naturally the
semisucker who is always quoting the famous trading aphorisms
and the various rules of the game. He knows all the don'ts that
ever fell from the oracular lips of the old stagers excepting
the principal one, which is: Don't be a sucker!

Many of you on ET don't even realise you are the in one of the grades of suckers Livermore is describing- you don't know enough to know.
Put me ion ignore please - and no I am not going to post my P&L any more than I am going to tell some twat how much money I have in my account.
 
I couldn't give a sh*t what you think or your popularity metrics and FYI what's popular on web boards doesn't make money in the markets. FWIW I have seen people post pure gold on here and nobody recognise it as such, but have somebody post the sucker stuff and there is a heated debate.

From RoSO

The tyro knows nothing, and everybody, including himself,
knows it. But the next, or second, grade thinks he knows a great
deal and makes others feel that way too. He is the experienced
sucker, who has studied not the market itself but a few remarks
about the market made by a still higher grade of suckers. The
second-grade sucker knows how to keep from losing his money in
some of the ways that get the raw beginner. It is this
semisucker rather than the 100 per cent article who is the real
all-the-year-round support of the commission houses. He lasts
about three and a half years on an average, as compared with a
single season of from three to thirty weeks, which is the usual
Wall Street life of a first offender. It is naturally the
semisucker who is always quoting the famous trading aphorisms
and the various rules of the game. He knows all the don'ts that
ever fell from the oracular lips of the old stagers excepting
the principal one, which is: Don't be a sucker!

Many of you on ET don't even realise you are the in one of the grades of suckers Livermore is describing- you don't know enough to know.
Put me ion ignore please - and no I am not going to post my P&L any more than I am going to tell some twat how much money I have in my account.

Nobody asked you to post those things? Your anger is amusing. The trader doth protest too much methinks.
 
Snapchat is going down the hill and two young idiot co-found soon face bankruptcy unless they hand over the firm to google who are seeking new investment projects. Their spending on R &D has increased substantially while their profit margin fell substantially. Their PE ratio is negative and their gross margin is even negative. How can they cover the current liability in the long term when investors see negative future growth ? lol

Lastly, their credit rating indicates that they are on the way to bankruptcy

I argued for a while that this "stock" is a gift from Wall Street to hedge fund short sellers. So far, so true!

On the other hand, latest short interest ratio is a bit "alarming"....

SNAP.JPG


I am playing this "baby" from both sides: some OTM puts and calls...at the moment!
 
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