New Trade Idea: SNAP (Short)
Members,
Happy New Year!
Let's be real: 2018 was a bloody year when betting to the upside.
And we're not even talking crypto. These STOCKS on average are down 15-20% from highs.
As such, when the tide turns against you, the smartest, most successful traders take out the emotion and go with the current.
With that said, we ask that you immediately turn your attention to our First SHORT Alert Ever, on a company that you are probably very familiar with, NYSE: SNAP (Snapchat, Inc.).
About the Company:
Snap Inc. operates as a camera company in the United States and internationally.
The company offers Snapchat, a camera application that helps people to communicate through short videos and images. It also provides Camera, a tool to personalize and add context to Snaps; Friends Page that allows to creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of contextual stickers and Bitmojis; and Discover that helps to surface the most interesting stories from publishers, creators, and the community, based on a user’s subscriptions and interests. In addition, the company offers Snap Map, which enables individuals to pinch on the camera screen for bringing a live map of their location, as well as showing nearby friends, popular stories, and a heatmap of recent Snaps posted to their story; Memories that allows users to choose to save the Snaps they create in a searchable personal collection, and users to create Snaps and stories from their saved Snaps and camera roll; and Spectacles, a hardware product that connects with Snapchat and capture video from a human perspective.
The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc. in September 2016. Snap Inc. was founded in 2010 and is headquartered in Venice, California.
Fundamental Analysis (FA):
After a visit to China in 2017, Snap (NYSE:SNAP) CEO Evan Spiegel decided the messaging app needed an overhaul inspired by trends he saw there, WSJ reports.
"He set a punishing timeline and dismissed concerns among senior executives and key designers that the new look wasn’t testing well... and rejected his team's pleas for more time."
Following the debut of the redesign in February, Snap lost users for the first time in its history over the next quarter. Since then, its share price has cratered roughly 76%, reaching an all-time closing low of $4.99 Friday.
Snap (NYSE:SNAP) employees won't receive cash bonuses for the second year in a row, according to Cheddar sources.
Top employees will receive more stock as a discretionary incentive bonus.
As such, we are urging all members to act fast, start their research on SNAP, and consider opening a SHORT position tomorrow when the market opens at 9:30am EST!
(*Remember to use a Stop-Loss Order or basic Stop-Limit Order to protect your gains, as well as limit possible losses.)
Best Regards,
The TopMarketGainers Team
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