iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,835 Blog Posts

THE SNAPTARDS ARE UNITED

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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36 comments

  1. dragun

    Jeff, price target? are you looking at the volume pockets here or is it to soon given its an IPO?

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  2. Brian

    Twitter is blazing with SNAP hatred too. Calls for $17 to hit today.. but not one post about stepping in before then.

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  3. Dr. Fly

    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.

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  4. ahadbi

    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

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  5. kamel

    SNAP sucks. 😀

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  6. hattery

    I’m loading up today

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  7. Jim

    Under 19 getting excited!

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  8. awanka

    After TWLO how can I pass up on this. BOT. I’M WITH YOU, OA!

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  9. matt_bear

    your SNAP put trade is monstrous today….almost 700%!!!

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  10. AFlow90

    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.

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  11. lesurgeon

    YY LOOKING GOOD. when do you plan to take these off the table, Jeff?

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  12. greenlander

    Wow the last time I saw people this bearish on stocktwits about something was WFC last fall

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  13. masteroneass

    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?

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  14. Husaria

    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!

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    • Option Addict

      Thanks, this is what I was trying to imply.

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      • Masteroneass

        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.

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      • Husaria

        If it opens flat to a bit down, I may take a position.

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  15. dragun

    nice pre market move in SNAP .. lets see this run now

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