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King Unicorn To Come Public: Will You Buy $snap On The Opening Tick?

Thursday, February 16, 2017 20:44
% of readers think this story is Fact. Add your two cents. / Dr. Fly / Feb 16, 2017

Snapchat is the only relevant social media platform for my son, who is 20, and his friends. They love the damned thing — and view Twitter as something foreign and retarded. The only issue with $SNAP is the valuation by which is intends to come public.

I find it humorous that the company just flippantly had their valuation reduced by their underwriters from $25b to $20. Hello, that’s a 20% haircut. I guess it’s not a big deal when the company is coming public at 20x sales — representing the highest valuation of any social media stock. I blame the venture capitalists and of course the bastard underwriters. No one will make money on this stock for at least 6 months. But I must ask, will you buy at the opening tick in the hopes of seeing the company grow out of their absurd valuation and/or catch lightening in the bottle by way of momentum squeeze higher.


The post KING UNICORN TO COME PUBLIC: WILL YOU BUY $SNAP ON THE OPENING TICK? appeared first on Silver For The People.


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