Eating Crow: $SNAP Trades Lower As CFO Steps Down

I had a very timely post yesterday as the stock of $SNAP was flagging above the 50 day moving average. Unfortunately, for me and anyone long the name, we will face serious pain tomorrow as stop loses trigger around the globe. This has the classic making of a rout coming directly at $SNAP’s head. There is no way to sugarcoat this, here is the forecast for shareholders tomorrow:

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Mea Culpa on the timing of my last post. $SNAP is back in the doghouse as their organizational structure continues to be in shambles. This is a red flag. Here are the details on the CFO departing CLICK HERE FOR MORE.