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Snapchat

SNAP LT $21 ST $18 | Strategy TradeThis is completely experimental and for research purposes only, this trade will only be followed by myself. I need to have a public store of all experiments to publicly track progress over long periods of time. Equal move (=1) making an expanding triangle pattern. This will complete at either two buy points indicated with the lower green boxes. Both areas are valid areas of interest, use stops or risk management accordingly. Personally I use low non-variable quantity purchases with no stop in order to spread risk. Experimental cross trend support from initial offering, somewhat trying to seek a new pattern similar in mechanics to a falling wedge or triangle. Areas of interest based on market inefficiency theory, price tests areas of missing price action. Indicators: RSI - Period: 14 - Close OBV Volume - Period: 1 Long term target for up to 2 years is $21. If Snapchat become profitable and sustain growth overtime, share price may exceed $21/share up to 10x initial investment below $13. However if Snapchat fails these shares will be forfeit unless sold prior to liquidation. Inherently a company which doesn't currently turn profit is a high risk investment, all care should be taken to lower risk as much as is feasible.
NYSE:SNAP
by Yahweh
1
SNAP-CHAT "HOT" IPO : SHOULD YOU BUY ? EVERYONE IS BUYING THIS..IPO stands for initial public offering but it also stands for: it's probably overpriced :Imaginary Profits :Insiders Private Opportunity : Idiotic, Preposterous, and Outrageous Buying IPO is a bad idea because it flagrantly violated one of the most fundamental rules: No matter how badly other people want to buy a stock, you should only buy if it's undervalued. In the example above, IPO VA Linux's shares were valued at a total of $12.7 billion while company total worth was only $44 million. That IPO fell from $293 to $1.19 Per share. Before Buying snap chat stock please do your analysis, look at their financial statements, their debt, earning etc. Do not jump in because it's a "hot" issue and everyone else in jumping. If your analysis shows that snap chat stock is undervalued then only buy it. While there was a chance to become a billionaire by buying IPO's of a couple of companies like Microsoft, Apple, Coke there's was also a huge chance to get broke by buying IPO of thousands of companies like VA Linux. References: "The intelligent investor" by Benjamin Graham (book) “Security Analysis” by Benjamin Graham (book)
NYSE:SNAP
by Wave-Expert
SNAP still flirting w/ 17 support, will it hold or going to 10?!SNAP is testing 17 support area, which has been pretty solid up until now. Will it hold? If not, maybe ppl saying we could see 10 are correct - especially given 2 upcoming lockup expirations end of this month & August! Keeping my 18 & 17 short puts open and will look to sell loads more during lockup expiration window - especially if it closes < 17 today/soon. Still solid long, reminds me of ppl calling FB overvalued when it went public...if you can hold long, don't take loss on this but if you need to sell i would wait to see if it closes below 17 and if it holds then look to exit off bounce of 17 support...beginner charting, thoughts welcome:)
NYSE:SNAPLong
by heidib
SNAP Goes Thru 17.83 resistance, will it hold or back to 17?SNAP held strong above the 17 support level and even tested/went through the 17.83 resistance line yesterday holding above 18 despite a down market with tech selloff. While I would have guessed it would hold above 18 or keep going, stochastic suggests it's a bit overbought so looks like it might break back down below the 17.83 again today...I've already sold my puts on this so only selling more if/when it breaks below 17 - particularly after 1st lockup expiration end of July. If seeking entry i would def recommend selling puts on this and buying in chunks given definite selling pressure coming with lockup expiration(s) coming & shorts battering it down. SOLID long tho so def get in while it's still below IPO price! Don't underestimate how many young ppl use snapchat & their potential ad revenue (VERY sneaky ads) and how different it is from public-profile-style Facebook/Instagram. This is like when people called Facebook overvalued after its IPO so i'd get in early and just sit on it for years:)
NYSE:SNAPLong
by heidib
Are you extremely bullish? SNAP will have its first earnings report this week. For those of you who are extremely bullish about SNAP, perhaps this potential bearish Bat will interest you. This is an Aggressive C trading scenario in which you buy point C and expect the price to reach point D (complete the pattern) Obviously earnings are risky and as you can see this setup requires a wide stop loss - Make sure it fits your analysis AND your risk management rules if you think about trading it. Also check out my latest newsletter with more trading ideas. #WeeklyMarketsAnalysis on Twitter
NYSE:SNAP
by themarketzone