The propeller hat kids, aka “odd lot gang” are 70% bearish on this stock. Game.on.
I absolutely LOVE how its drifted lower. That to me suggests more of a lack of interest over the last couple weeks more than anything else.
I booked my $SNAP puts today as it broke through $20 and bet the farm on April and next week calls.
I like the break into the teens as a psychological negative. I love that it closed under $20.
I love that guys like Tepper and Cramer say they’ll buy this at IPO price. Those that are waiting will look at that number as a safety net. But what if it doesn’t get there?
This stock is ripe for a chase. Tomorrow’s a spot to get involved.
***UPDATE***
STOCKTWIT STEVE DIDN’T LIKE MY IDEA. THESE ARE FANTASTIC CONFIRMS.
had a feeling you would act today given the price action
OA makes gutsy moves, likely pays off 10-15% in the stock.
It’s too early for SNAP to die, it will die in 2018.
There’s a particular stereotype that selects Mr. Eastwood for the avatar…
Missed you, dude.
Still out here. Got fully on board w/ the OA analog last year, and have just been patiently long while busy with other things. Turned into a welcome rest that’s still kind of tough to break.
I got a little over-aggressive and bought both April monthlies and March monthlies…. binary outcome for half that position tomorrow, but I like the odds.
I was going to wait til morning for tomorrows expiry in case it opens lower.
Does it effect your thinking at all that the volume today was MANY times open interest on many of the calls until April?
No, you?
It doesn’t because most of those calls were Jeff. He’s not buying a house this time… he’s buying the state of Utah outright.
Followed long at close price. still think it goes to 14 but not before it goes bigger from here.
DO U STILL LIKE MESSAGING WITH PICTURES BRO??
+100
You should tell him you don’t have a mortgage. Boom, roasted. Also, do you no longer have to sign in to comment?
I thought of that, but only after the fact.
I missed this trade today. I agree. I want in.
So many retailers want $17 or lower. They get denied entry.
If many on them wait to buy $17, not many buy till $17, means it is going to $17 to find enough buyers, then “sweep the leg” to even lower to flash ?? Interesting to observe.
I will buy when it happens. If not I am happy to skip this one.
“If not I am happy to skip this one.”
No way. I bet you’ll ask me if its cool to jump in when its in the 30’s.
Sounds like me, lol. Still, you do not think any chance it follows FB case, like started 45 went down down, then recovered to break even over one year later? Just wondering.
This is not at all like Facebook. Zero correlation. This is 100% like TWTR.
Thank you for clarification. You can count me as a typical joe who is bearish to SNAP. I might flip and buy tomorrow morning. Appreciate your thought as always.
SNAP looks like it works its way lower — perhaps to the $15 area. While it looks similar to your awesome entry into BIDU a couple days ago, the rhythm of how it’s tapping the lows has me thinking lower.
BIDU had the same rhythm. Identical
SNAP flushing out a bit more here. stalking the 21s for Apr 21
Just bot some SNAP 20’s for today. yolo
and April 22’s
Mar 17 21s and Apr 21 21s .. I’m in lets go
sorry meant mar 24 21s
thinking about the 20s for today to yolo
Love the idea, Jeff. Sold puts after the open, in for Apr 21s and 22s.
Hey OA – did you sell your LVS yet?
I will today. $57 was my first target.