Shares of SNAP broke its IPO price today, begging the question: are you man enough to step in here, taking advantage of the future of social media?
Don’t worry about the ASTOUNDINGLY high p/s ratio of 41x, or the fact the company has no idea if they’ll ever make money. Look at FB. They figured it out and look at all of the money they’re making.
While it’s true, SNAP is a feral piece of shit, so is TWTR and that stock is +10% over the past 3 months.
In the big scheme of things, SNAP ‘coming in’ by 40% from its high watermark is subterfuge. Whoever bought up there deserves to lose money, and/or die. Consider it a generous game of natural selection, whereby the densest amongst us suffer horrible financial setbacks during banal periods of wanton misdirection.
Markets are jogging on into the hazy afternoon. We’re undergoing a bit of a sell off. There’s no need to panic, unless of course you think this is the beginning of something dreadful and horrible.
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It did not break the IPO price. Check your notes.
Here are my notes
http://www.cnbc.com/2017/06/15/snap-stock-falls-back-to-its-ipo-price-of-17-for-the-first-time.html
exactly, it did not go below its IPO price, as your post suggested.
faggot
Listen pencil dick, you made the mistake, not me. Now live up to it! Life is about the details.
These pop up ads have to stop. If you scroll too far on mobile before it pops up, your only way out is to refresh the page. Super annoying.
click them out. Quit being such a homeless man.
Not even Tepper will buy SnapChop at these inflated prices…maybe at $15.99 with your 10% off coupon.
Looks like TSLA’s abandoned baby doji survives the day.
Ol Jim Cramer was screaming to buy it in the 17’s….well, now it’s here.
couldn’t resist a purchase at 17.01. was going to grab some P end of day but that seems to want to perhaps test 7 tomorrow.
China shadow credit default is about to explode.