SNAP

vanzandt said:
Ding Ding Ding...
$24 open.

I bet it closes below $22. Any takers?
At least by next week :D
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While SNAP looks unpredictable. But I don't exclude the possibility that it will be in the range of $20-25 next week.
 
comagnum said:
congratulations to those that got into SNAP before the IPO - UP 44%! I figured it would be a hit.
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Yes, they were talking about your blessing all over twitter today. Many became wealthy beyond measure following the insight.
 
Soes - chill out, stick to the facts. I don't use Twitter and never endorsed Snap. 44% is a huge one day gain, if you had a big position in it you could be set for life. So quit being such a downer - you sound like a sore loser. Stop plastering false info.
 
comagnum said:
Snap. 44% is a huge one day gain, if you had a big position in it you could be set for life.
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No one plans to become set for life as a result of a 44% gain.
Those founders and main investors will continue to do what they do -- and they were already kind of cushioned even before this IPO.

To be set for life as a retail trader...you'd need to grow and compound your leverage or options acct fully in into around a couple million after a series of good bets/trades :wtf:o_O

In an almost Perfect storm scenario...this all could happen in less than a year, or even just six months. But this is really bold.
I would stretch that time horizon into two years, and reduce that goal to a million.
 
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Let me explain how IPO's work - you have to be high net worth (over 2 million) to get in with a good sized position. Hence many in this IPO could take a decade or two off and party in paradise based on that one trade.
 
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