Snap, the parent of Snapchat, is the hottest initial public offering of the year. The company’s shares were listed this week at $17 and recently traded at $27.
So investors are naturally asking me: How do I trade Snap SNAP? Will Snap become successful like Facebook FB? Will Snap’s stock shoot up like Twitter’s TWTR only to fizzle? Since Snap is marketing itself as a video-camera company, is a comparison to GoPro’s GPRO, IPO appropriate?
Let me first share with you how we are trading Snap for the short term at The Arora Report. Then I’ll compare Snap to those three companies, and give you my take on Snap as a long-term investment.… Please click here or the title below to read more.
This post was just published on ZYX Buy Change Alert.
Partial profits have been taken as the stock moved to our target zones given over an hour before the stock started trading.
Since it is a trading position we have raising stops on one half of the longer term position to $23 to $23.38 and the remaining to $19.11 to $19.38.
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Check out our enviable performance in both bull and bear markets.… Please click here or the title below to read more.
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88% Rate Rise Odds
The probability of a rate rise in March has now risen to 88%.