SNAP

K

KGTrader4

Literally 45 seconds before they announced earnings, I looked at the stock and saw it closed at $10.29. I said to myself what could happen, worst case scenario. Absolutely no basis for this but I replied to myself earning suck or revenue suck or both, and stock is down 25% after hours. at that point the stock was trading at around $10.50 -$11.

so I put in an order just for fun to buy it after hours at 7.80. Even after earnings I never thought I’d get it, it traded down to about nine bucks and seemed to stabilize there for a while. But eventually my trade got done.

Either way tomorrow I sell certainly before noon, maybe earlier.

I know, no process it’s just gambling. But I think it’s a low risk trade. I put it in not caring at all if I got it I figured if I got it at that price it was worth the risk. We shall see
 
KGTrader4 said:
Literally 45 seconds before they announced earnings, I looked at the stock and saw it closed at $10.29. I said to myself what could happen, worst case scenario. Absolutely no basis for this but I replied to myself earning suck or revenue suck or both, and stock is down 25% after hours. at that point the stock was trading at around $10.50 -$11.

so I put in an order just for fun to buy it after hours at 7.80. Even after earnings I never thought I’d get it, it traded down to about nine bucks and seemed to stabilize there for a while. But eventually my trade got done.

Either way tomorrow I sell certainly before noon, maybe earlier.

I know, no process it’s just gambling. But I think it’s a low risk trade. I put it in not caring at all if I got it I figured if I got it at that price it was worth the risk. We shall see
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Damn, that was a hell of a pick. Why would you consider selling the stock before the holiday season kicks off? I mean, what do people do during the holidays? Take pics! Ad revenue! If you can afford it, hold the stock through Q1 2023.

I realize it might not make sense right now, but rising tides could kick in!
 
Just a trade. My buy price was actually pretty much bottom, lowest trade after hours was $7.78.

sadly if I make some money I’ll sell it to offset the Loss I have from buying SPXL a couple of days ago. Going to get out of that tomorrow also.
Although who knows anything is possible maybe SNAP trades down to 6 tomorrow morning
 
KGTrader4 said:
Just a trade. My buy price was actually pretty much bottom, lowest trade after hours was $7.78.

sadly if I make some money I’ll sell it to offset the Loss I have from buying SPXL a couple of days ago. Going to get out of that tomorrow also.
Although who knows anything is possible maybe SNAP trades down to 6 tomorrow morning
More...

I don't trade stocks so really cannot offer anything other than an overview feeling. When these OP-EX days hit, everything can go haywire. Since these are straight stock trades, you have the advantage of no expiry deadline to get out of them. If you believed in the stocks when you entered them, just hang on for a bit more, because a Santa rally based on earnings is not yet out of the question.
 
Overnight said:
I don't trade stocks so really cannot offer anything other than an overview feeling. When these OP-EX days hit, everything can go haywire. Since these are straight stock trades, you have the advantage of no expiry deadline to get out of them. If you believed in the stocks when you entered them, just hang on for a bit more, because a Santa rally based on earnings is not yet out of the question.
More...

i’ve got some stocks on that I believe in and do plan to hold onto. Snap isn’t one of them like I said it was just a trade where I said if I can buy this at an extreme it’s worth hopping on board for point or two.
I bought XBI today because I believe in it I think it will be one of the leaders when we get out of this thing and I’m happy to hold onto that one. I sold puts on CRWD and DDOG. Took in some nice premium for at the money November puts. If the stock gets putting me I’m happy to hold it because I believe in the fundamentals. So I get what you’re saying. Just not with SNAP. Poorly run company
 
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