OK, sold out of my long positions. Anyone wanna bet tomorrow we see red? In this volatility, always lock profits when you get it. Anyone wonder if $NVDA will miss after hours with a significant revenue stream coming from China, and with China locked down for the past 2 months? Any major misses or warnings like from $SNAP will cause the market to tank again. Lock profit, bull or bear, when you get it. It's the only way to play this volatility game. Closed my $TQQQ and $UPRO, and went into farm/fertilizer-related stocks like $ICL, $IPI, $WEAT etc. because we KNOW Putin isn't stopping anytime soon, and China's zero COVID policy will continue to lock down hundreds of millions of people for the foreseeable future even after Shanghai slowly reopens next month. Will wait for another -3% day to close new short positions and go long again.
It seems as though the selfie sharing and texting app our teenage daughters like to use now controls the entire stock market. Welcome to the Twilight Zone. $FB, $SNAP
I have no position just curious - but why would he say that when it isn't even $SNAP earning or close to earning? what was the purpose? Did he have a short position on his company?
Thank god I didn't buy more of $SNAP. I really wanted to. The only right decision I have made since the start of 2022. Still a bagholder but a bit happier
D
The markets reaction to $snap earnings makes sense. The economy is hot, demand is high, and supply is constrained. Hence inflation. Advertising is throwing more gas on the fire. Of course companies are going to cut back on ad spend.
S
Haven’t seen mention here yet, so for those wondering why it’s down.. $SNAP announced yesterday that they would miss their low range of revenue this quarter which it’s draining the entire stock market down. Given that they generate revenue by online advertising, it’s a wonder that PUBM isn’t even lower right now.
That being said, $SNAP is a horribly run business that is constantly dragging down small adtech because of their poor performance. I have seen this same thing play out quarter after quarter where $SNAP reports bad earnings, PUBM falls, PUBM kills it as always, PUBM goes up. I always buy the dip when PUBM falls on SNAP news
WS last yearReplied to a reaction $SNAP conversation all hot air designed to hoodwink investors while they cash in on employee options, snap will continue to sink deeper into losses & there is no light in sight
While today was brutal, volume was really low. Doesn't look like it was driven by any significant news event.
If I had to guess, today was to bring is back in line with our peer group. We went up significantly relative to $SRNE and $INO, and today brought all three stocks back into the same range.
$NVAX also got hit today (although not as badly), but they have experienced multiple big down days on no news as well.
Tomorrow in all likelihood is going to suck, $SNAP and $FB are going to tank the Nasdaq.
For all those thinking that Musk is going to lower or cancel his bid for TWTR. It's not going to happen. Simply go use SNAP as your comparable which has less revenue and gross profit and costs more on a metric basis when compared to TWTR. So effectively, by buying Twitter at the 54.20 price, it is similar to Elon buying SNAP at today's prices AFTER THIS MARKET SELLOFF and WITHOUT PAYING A SNAP BUYOUT PREMIUM.
That's how undervalued Twitter was and how much of a good deal it is for Elon to buy it for $54.20
Then once you factor in Elon's proven ability to streamline company operations and improve products you get the perfect storm where TWTR may just be worth what Elon claims he will make it worth by 2025 and 2028 which is over a 10X gain on his investment.
FYI: Just arbitraging Twitter here at $46.4 pays a 55+% rate of return on your money. $TSLA $QQQ $SNAP
That being said, $SNAP is a horribly run business that is constantly dragging down small adtech because of their poor performance. I have seen this same thing play out quarter after quarter where $SNAP reports bad earnings, PUBM falls, PUBM kills it as always, PUBM goes up. I always buy the dip when PUBM falls on SNAP news
WS last yearReplied to a reaction
$SNAP conversation
all hot air designed to hoodwink investors while they cash in on employee options, snap will continue to sink deeper into losses & there is no light in sight
If I had to guess, today was to bring is back in line with our peer group. We went up significantly relative to $SRNE and $INO, and today brought all three stocks back into the same range.
$NVAX also got hit today (although not as badly), but they have experienced multiple big down days on no news as well.
Tomorrow in all likelihood is going to suck, $SNAP and $FB are going to tank the Nasdaq.
Simply go use SNAP as your comparable which has less revenue and gross profit and costs more on a metric basis when compared to TWTR. So effectively, by buying Twitter at the 54.20 price, it is similar to Elon buying SNAP at today's prices AFTER THIS MARKET SELLOFF and WITHOUT PAYING A SNAP BUYOUT PREMIUM.
That's how undervalued Twitter was and how much of a good deal it is for Elon to buy it for $54.20
Then once you factor in Elon's proven ability to streamline company operations and improve products you get the perfect storm where TWTR may just be worth what Elon claims he will make it worth by 2025 and 2028 which is over a 10X gain on his investment.
FYI: Just arbitraging Twitter here at $46.4 pays a 55+% rate of return on your money. $TSLA $QQQ $SNAP