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jmoney74
Guest
eyephone said:
Eyephone - I kick myself every day.. My sister once told me about this Elon guy and how he was the next steve jobs. That was when it was $30.. now look at it. lol. The psychology for me is too hard to overcome but I might dabble in soon.
BTW.. you guys need to seriously look at SHOP. Was 69 when I posted.. now 90
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jmoney74
Guest
ps9 said:
you think it's a good buy? When is the IPO and what is the symbol? pump and dump?
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jmoney74
Guest
morekaos said:
Did the options open up for snap to short it?
J
jmoney74
Guest
morekaos
Well-known member
So bring on the snowflake lawsuits, that was predictable when in doubt Sue everybody and never take blame yourself.
Snap Inc. Hit With Securities Class Action Alleging Inflated Growth
A law firm filed a securities class action suit on Tuesday against Snap Inc., alleging the company made false and misleading statements about its user growth.
Pomerantz LLP, which specializes in such cases, is seeking to represent shareholders in the company which went public just two months ago.
The suit notes that Snap?s stock price plunged $4.93, or 21.45%, after its first quarterly report last week showed disappointing user growth. The suit also cites the claims of Anthony Pompliano, a former growth lead for Snapchat, who has filed his own lawsuit alleging that the company was using inflated metrics during his brief tenure there in 2015.
https://www.yahoo.com/news/snap-inc-hit-securities-class-action-alleging-inflated-020307111.html?
Snap Inc. Hit With Securities Class Action Alleging Inflated Growth
A law firm filed a securities class action suit on Tuesday against Snap Inc., alleging the company made false and misleading statements about its user growth.
Pomerantz LLP, which specializes in such cases, is seeking to represent shareholders in the company which went public just two months ago.
The suit notes that Snap?s stock price plunged $4.93, or 21.45%, after its first quarterly report last week showed disappointing user growth. The suit also cites the claims of Anthony Pompliano, a former growth lead for Snapchat, who has filed his own lawsuit alleging that the company was using inflated metrics during his brief tenure there in 2015.
https://www.yahoo.com/news/snap-inc-hit-securities-class-action-alleging-inflated-020307111.html?
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jmoney74
Guest
morekaos said:
True but
I think more of these lawsuits should happen just to curb the robbery of main Street money.
morekaos
Well-known member
I dunno, now maybe you go long...
Snap Is Year's Most-Shorted Tech IPO Before Lockup Ends
Snap Inc. is the most-shorted tech initial public offering of the year, with a growing number of traders betting the stock will fall.
Investors are skeptical that the company, which owns the Snapchat photo-sharing app, can grow quickly enough to justify its valuation -- now at about $22 billion -- given aggressive competition from Facebook Inc., which has been copying some of Snapchat?s features. That?s helped drive short interest in Snap up to 28 percent of the free float, or shares available to be traded publicly, according to data from Markit Group Ltd. The increase comes before the first lockup expiration on the shares -- on July 30 -- when certain stakeholders and executives will be free to unload their positions for the first time since the March 1 IPO.
https://www.bloomberg.com/news/articles/2017-06-08/snap-is-most-shorted-tech-ipo-of-2017-as-lockup-expiration-nears
Snap Is Year's Most-Shorted Tech IPO Before Lockup Ends
Snap Inc. is the most-shorted tech initial public offering of the year, with a growing number of traders betting the stock will fall.
Investors are skeptical that the company, which owns the Snapchat photo-sharing app, can grow quickly enough to justify its valuation -- now at about $22 billion -- given aggressive competition from Facebook Inc., which has been copying some of Snapchat?s features. That?s helped drive short interest in Snap up to 28 percent of the free float, or shares available to be traded publicly, according to data from Markit Group Ltd. The increase comes before the first lockup expiration on the shares -- on July 30 -- when certain stakeholders and executives will be free to unload their positions for the first time since the March 1 IPO.
https://www.bloomberg.com/news/articles/2017-06-08/snap-is-most-shorted-tech-ipo-of-2017-as-lockup-expiration-nears
morekaos
Well-known member
Or not...
Snap closes below $17 IPO price amid fears insiders will dump shares
Snap shares have tumbled from their March 3 high and on Monday fell below their IPO price for the first time.
At the end of the month, insiders can begin selling their shares.
http://www.cnbc.com/2017/07/10/snapchat-snap-falls-below-17-ipo-price-for-the-first-time.html
Snap closes below $17 IPO price amid fears insiders will dump shares
Snap shares have tumbled from their March 3 high and on Monday fell below their IPO price for the first time.
At the end of the month, insiders can begin selling their shares.
http://www.cnbc.com/2017/07/10/snapchat-snap-falls-below-17-ipo-price-for-the-first-time.html
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jmoney74
Guest
morekaos said:
You shorting?
morekaos
Well-known member
Not me, I covered that short awhile ago and haven't double dipped that one. This does look a lot like Twitters chart though so more downside is possible.
Snapchat shares downgraded by Morgan Stanley, a rare rebuke by a firm that helped bring it public
Morgan Stanley downgrades Snap stock to equal weight from overweight and slashes its price target to $16 from $28.
For the first time, Snap shares closed below their $17 IPO price, which Morgan Stanley helped set.
The shares fell more than 5 percent Tuesday morning.
http://www.cnbc.com/2017/07/11/snap-underwriter-morgan-stanley-downgrades-the-stock.html
Snapchat shares downgraded by Morgan Stanley, a rare rebuke by a firm that helped bring it public
Morgan Stanley downgrades Snap stock to equal weight from overweight and slashes its price target to $16 from $28.
For the first time, Snap shares closed below their $17 IPO price, which Morgan Stanley helped set.
The shares fell more than 5 percent Tuesday morning.
http://www.cnbc.com/2017/07/11/snap-underwriter-morgan-stanley-downgrades-the-stock.html