You’re crazy.Call me crazy, just bought SNAP at $8.85 (brand new position). Also bought short-term SOXL calls assuming a bounce back of today's severely oversold dip.
Regarding SNAP. Up to 1B users and the younger generation (Z) seems to use it as their core form of communication. Those C-suite morons have to figure out how to successfully monetize, right? LOL!
OT: Stock and Investment Thread
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I asked about SNAP recently - it’s probably due for a pop.I was going to buy SNAP leap calls, but I thought shares would be more prudent!
Once they figure out how to monetize kids on the Indian subcontinent they’ll be fine.
They should hire a former exec from META or GOOGL to lead the company. Those folks know how to monetize. The platform has plenty of users and reach to be successful.Once they figure out how to monetize kids on the Indian subcontinent they’ll be fine.
I wouldn’t assume that. Marissa Mayer went from Google to Yahoo and how did that work out.
It’s still holding that 160ish support level despite the drop. Not looking to get into it at that level. Waiting to see if it’ll break decisively.
It can, but 6 month trend is downward. Needs to hold $55 to break that trend.
I should also add SNAP is being run by the founder and he’s not going anywhere unless he wants to pursue other interests in life. Zuckerberg is still at META while the Google guys and Gates went off to do other things. So unless you have situations like that, Spiegel isn’t going anywhere. This isn’t a situation like other companies and I’ll assume he’s got enough voting rights that he can’t be pushed out unless he wants to leave.
The founder doesn't need to leave, just bring in the right sidekick and listen to him/her. SNAP is a great product, but it needs to become a great business. Lots of potential to unlock.
Yes, "big whiff on profit outlook outweigh's earnings beat" is one headline I see.
Seems most anaylst's, including wedbush, are keeping their buy/overweight ratings.
Added as well! Really good jobs report and nice to see unemployment tick down. Enjoy the dip, it won't last long.
No one is concerned about the market? Monday will be interesting.
I moved more cash the last week but waiting for a deeper dip to buy.
I moved more cash the last week but waiting for a deeper dip to buy.
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Also looking to move some extra cash into a few ETFs at dips, yes. Those 5.30% short-term Treasury ETFs will lose their luster later this month, per the pending Fed rate cut/s. The election is the wildcard, though. So "wait and see" is the approach. No hurry. Won't be surprised to see the S&P drop to 5100 or so.
Already dropped to 5100 and bounce back to 5600+ in a blink of an eye. Just scared people doing scared things. S&P likely ends the year well into ATHs.
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You can lock in for 3 months with T-Bills at 5%. 6 months at about 4.8. State tax exempt.
5100 is 10% down from high. A good point of entry. Crashes happen on a Monday after a bad Friday. MSFT looks like close to buying point.
The revisions from June and July are i think what will open up the possibility of .5 in Sept.
A .25 now and nothing till Nov is asking for trouble.
I have money on the sidelines, if its a big dip ill buy big.
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Sure enough. Holding lots of laddered Treasuries, in taxed and retirement accts, as well as TIPS and I-Bonds. Beyond that, though, had accumulated $ parked in SGOV and VMFXX. That's what'll be redeployed per pending rate cuts. But, waiting just a bit, for now.
Morgan Stanley raises AVGO price target to $180. Gotta buy.