Yup, I got stopped out today.
SNAP
- Thread starter hhiusa
- Start date
Earnings should be in the second or third week of August.
Lockup expiration is 8/29
18.1 Billion would be a lot to pay for a nascent "camera company" thats forecast to lose $3/share on over a billion shares outstanding. I think Google's BOD might have something to say about that. But who knows.
From their website lol:
Snap Inc. is a camera company.
We believe that reinventing the camera represents our greatest opportunity to
improve the way that people live and communicate. Our products empower people to
express themselves, live in the moment, learn about the world, and have fun
together.
..........Snowflakes.
Twitter all over again. TWTR fell quite a bit, even before the lockup expiration that represented 82% of their total equity. 40+% loss in the months leading up to the lockup expiration.
Sounds like a good time for a long put Sept expiry maybe.
TWTR 2013-11 - 2014-06
A rather hilarious picture to describe SNAP's predicament of cash and no profits.
Why aren't investors heading for the door sooner? Shares will start hitting the market by the end of July. It seems like people are foolishly optimistic about the stock.
Lockup expiry beginning in 07/31 - 08/31
Earnings Report 08/05 - what earnings?
Final nail in the coffin 08/31
Run toward put SNAP Oct 21 '17 @18
Why aren't investors heading for the door sooner? Shares will start hitting the market by the end of July. It seems like people are foolishly optimistic about the stock.
Lockup expiry beginning in 07/31 - 08/31
Earnings Report 08/05 - what earnings?
Final nail in the coffin 08/31
Run toward put SNAP Oct 21 '17 @18