You must understand the value of united minds on this idea. Minds that when combined are worth less than price of the premium paid for this terrible stock.
Again, a trade here has nothing to do with whatever valuation or fundamental story you want to pitch me, but rather, it has everything to do with how a high profile stock is positioned.
Check the StockTwat boards to see who’s on your team on this idea.
This is all so Twitter-esque. Same sentiment too.
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Jeff, price target? are you looking at the volume pockets here or is it to soon given its an IPO?
Be the ball, Danny.
nananananananana ..
Twitter is blazing with SNAP hatred too. Calls for $17 to hit today.. but not one post about stepping in before then.
This is a supremely hated stock and fundies stink. But you’re probably right about sentiment. You’re hands down the best at identifying arbs in sentiment and SNAP might just rape all of Stocktwits to prove your point.
https://www.youtube.com/watch?v=CnaVoTfkqa8
fake a move to make a move ? Im almost buying calls too on Snapchat (on credit) Monday for what its worth. I did buy some fcx and DDD too
SNAP sucks. ?
I’m loading up today
Under 19 getting excited!
After TWLO how can I pass up on this. BOT. I’M WITH YOU, OA!
your SNAP put trade is monstrous today….almost 700%!!!
You stayed an extra day?
Did you take your stab at calls at the open?
Also, you think its too early for JEC? Great looking chart but I zoomed out and it looks like 52.5 might be a more logical spot.
52.5 would be a busted trend.
How so? Still a higher low than the most recent at 50. You don’t think it could drift lower within the current wedge to that level?
I was ready to buy this morning but zoomed out (since you’d beat me over the head if I didn’t) and it gave me some pause.
We seem to have different charts on everything.
What am I missing?
http://imgur.com/a/eLJkf
Maybe just difference of opinion.
But WTF is that random line down the middle?
It’s support at 52.5. That level was the top of the sideways range that it traded in from ’09-’11
http://imgur.com/a/l6rvk
Whaaaaat? The stock has totally ignored that level since 2011. It magically becomes relevant here?
Ha, you tell me! I was trying to avoid falling into one of my usual traps while applying your techniques.
You always tell me to zoom out to get the longer-term context. I guess price is memory until the stock “forgets.”
Anywho, I guess that means I’m back to where I started. JEC calls!
Zoom out to get pattern, not to draw irrelevant lines on charts.
YY LOOKING GOOD. when do you plan to take these off the table, Jeff?
After the breakout.
Peep the weekly.
Wow the last time I saw people this bearish on stocktwits about something was WFC last fall
I bought WFC at those lows too. Have a time stamp for that one. DB was close too.
Amazing. Now go to Facebook stocktwits feed and post something negative and you will get your face ripped. It is incredible how naive some of these people are like they have some type of decision where the stock goes or what the price should be. How much sway total could they possibly have? Less than the smallest hedge fund? .0001 percent?
Tim Knight indicator:
http://slopeofhope.com/2017/03/the-psychology-of-everyday-lows.html
FWIW, $Snap looks like it wants to pop upwards. Volume profile shows it wants higher prices. Hard to get a gauge on this one. Sometimes volume leads and other times sentiment does. Volume does show underlying strength. Good luck!
Thanks, this is what I was trying to imply.
I agree. MFI is at 20 and it usually doesn’t get any lower than that. Just means all the money flowed out and is ready for new money. Probably because a lot of people sold out at any price they could get to lock in some cash held up in it. I would assume it goes up from here however I can’t put a time table on it. Possible as early as tomorrow.
If I have a choice between Twitter, Facebook and Snap, I would definitely pick up Snap Hands down. – because it has way more room to grow and I am of the belief they will be able to monetize this thing without overspending.
Would I be long permanently here probably not, but it might be a decent trade until some confirmation on where it is going.
I like your critical thinking skills OA.
If it opens flat to a bit down, I may take a position.
nice pre market move in SNAP .. lets see this run now