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SarasotaRepub
03-01-2017, 06:17 PM
IPO hits the market Thursday.

$17 - $18 a share...

Retread
03-02-2017, 12:15 AM
What do you expect of it? I ask that after having read that it may have already peaked in value and possibly only slide from here.

RobJohnson
03-02-2017, 12:17 AM
I'm on the fence. Snapchat is pretty popular.

SarasotaRepub
03-02-2017, 12:22 AM
It could double by EOD Thursday.

If today had been an average or down day I would
probably ignored it.

But considering today, I may go for it...

SarasotaRepub
03-02-2017, 12:33 AM
On the other hand...


(http://www.nasdaq.com/article/snap-admits-it-has-no-moat-cm755180)
A moat is one of the most important things needed for a company to succeed. The term, coined by Warren Buffett, is a flowery way of describing a competitive advantage, which will protect the company's profits and market share (the castle) from competing businesses.

Snap (NYSE: SNAP) , by its own admission, doesn't have a moat.



If I buy it, it will only be for a quick in/out trade.

Retread
03-02-2017, 12:45 AM
Again, it was pure curiosity as all of my investments these days are designed as long term in established markets. Love to see that 3-4% dividend rate.

Now I just have to figure out how to transfer that Autozone to the grandson for his colltich without having to pay gains on it. Only thing I've found so far is will it to him and die.

SaintLouieWoman
03-02-2017, 01:27 AM
Again, it was pure curiosity as all of my investments these days are designed as long term in established markets. Love to see that 3-4% dividend rate.

Now I just have to figure out how to transfer that Autozone to the grandson for his colltich without having to pay gains on it. Only thing I've found so far is will it to him and die.

Is there any way that you can gift it to him tax free? Perhaps some inventive accountant could help. That will-ing it to him and dying isn't the best solution. :biggrin-new:

Retread
03-02-2017, 11:02 AM
Is there any way that you can gift it to him tax free? Perhaps some inventive accountant could help. That will-ing it to him and dying isn't the best solution. :biggrin-new:

I have that directive in my family "love letter" that it's his for educational expenses. He's 10 and I'm 75 so I'll be 82 by the time he needs it. With the heart and all, I call it a 50-50 chance.

SarasotaRepub
03-02-2017, 12:43 PM
SNAP opened at 24. I have a buy order in at 19

Retread
03-02-2017, 01:46 PM
SNAP opened at 24. I have a buy order in at 19

As they say in the patch - GFL!

SarasotaRepub
03-02-2017, 08:54 PM
As they say in the patch - GFL!


LOL, didn't get any today! It was trading in a
fairly tight range, 26.05 / 23.50 after opening at 24.

After all the hype I thought it might have gone higher.

One thing different about SNAP stock is it's
all non-voting. That was a big concern voiced by many.

RobJohnson
03-02-2017, 11:23 PM
Here’s How Rich the Snap IPO Made Snapchat’s Founders

Snapchat CEO Evan Spiegel will be taking $1 a year (http://fortune.com/2017/02/03/snapchat-ipo-evan-spiegel-net-worth/) home in the way of a salary.But who needs cash when you own a hot new social media company?
After Snap's IPO (http://fortune.com/2017/03/01/snap-ipo-buy-snapchat-stock-price/) this week, the 26-year-old CEO and his co-founder Bobby Murphy were worth at least $5.2 billion (http://fortune.com/2017/03/02/snap-ceo-evan-spiegel/) apiece when the market closed Thursday, with Snap stock (snap, +44.82%) (http://fortune.com/company/snap) ending its first trading day at just under $24.50 per share (http://fortune.com/2017/03/02/snapchat-ipo-snap-disaster/).


That doesn't include the value of some 16 million shares that each of the Snapchat founders planned to sell today. That would add $392 million to each of their net worths, based on Snap's closing price, potentially boosting it to nearly $5.6 billion.


http://fortune.com/2017/03/02/snap-ipo-snapchat-stock-evan-spiegel-net-worth/

Retread
03-03-2017, 04:08 PM
Looks like your $19 bid has been left in the dust....

SarasotaRepub
03-06-2017, 06:24 PM
Looks like your $19 bid has been left in the dust....

True but SNAP got hammered today, down $3.29
so far in After Hours trading. Currently at $23.80.

Retread
03-06-2017, 06:30 PM
True but SNAP got hammered today, down $3.29
so far in After Hours trading. Currently at $23.80.

Another day and a half like that and you're back in.

Profit taking from day one.

SarasotaRepub
03-06-2017, 07:32 PM
Snap slumps 12 percent, closes at lowest since IPO


March 06, 2017, 04:31:00 PM EDT By Reuters


(http://www.nasdaq.com/author/Reuters)
By Noel RandewichSAN FRANCISCO, March 6 (Reuters) - Shares of Snap Inc
<SNAP.N> slumped 12 percent on Monday and closed at their lowest
level of the three sessions since the Snapchat owner's soaring
market debut last week.

The $3.4-billion listing last Thursday was the hottest
technology offering in three years, but the loss-making
company's lofty valuation and slowing user growth have raised
eyebrows on Wall Street.

Needham analyst Laura Martin rated Snap "underperform" and
compared its stock to buying a lottery ticket.

Of six analysts who have initiated coverage of Snap, four
recommend selling, while none have "buy" ratings and two have
neutral ratings, according to Thomson Reuters data.

Meanwhile, a group representing large institutional
investors has approached stock index providers S&P Dow Jones
Indices and MSCI Inc, looking to bar Snap and any other
companies that sell non-voting shares from being included in
stock benchmarks.





LINK (http://www.nasdaq.com/article/snap-slumps-12-percent-closes-at-lowest-since-ipo-20170306-01266)

SarasotaRepub
03-07-2017, 10:43 AM
Early this morning...

22.47, down 1.72.


Getting closer to 19!!! LOL

Now down 2.13, 21.63

Retread
03-07-2017, 10:53 AM
That's two days below the IPO and they keep pushing the bottom (21.3 @ 10 am EST).

SarasotaRepub
03-07-2017, 01:59 PM
21.15 at noon. :biggrin-new:

SarasotaRepub
03-07-2017, 02:19 PM
Snap shares tumble as short sellers move in


Snap Inc's <SNAP.N> shares tumbled 11
percent on Tuesday and traders raced to position themselves to
cash in on further losses after analysts gave the company a
lukewarm reception following its red-hot market debut.

Snap's $3.4 billion public listing on Thursday was the
hottest technology offering in three years, but its lofty
valuation and slowing user growth have raised eyebrows on Wall
Street and are now attracting traders who expect its shares to
fall.

Traders paid annualized interest rates as high as 40 percent
to be among the first to short-sell the stock, according to S3
Partners, a financial analytics firm.

The owner of messaging app Snapchat is not profitable and
has warned it may never be.


LINK (http://www.nasdaq.com/article/snap-shares-tumble-as-short-sellers-move-in-20170307-01077)

RobJohnson
03-07-2017, 09:23 PM
The owner of messaging app Snapchat is not profitable and
has warned it may never be.


LINK (http://www.nasdaq.com/article/snap-shares-tumble-as-short-sellers-move-in-20170307-01077)

Snap was a popular novelty during the past couple years, but most people I know have either never used it, or became tired of the silly "dog ear" pictures.

SarasotaRepub
03-08-2017, 12:30 AM
Snap was a popular novelty during the past couple years, but most people I know have either never used it, or became tired of the silly "dog ear" pictures.

I've never used it, I think I have it on my iPhone. :biggrin-new:

I think the fact that all the stock is non-voting is really
going to hurt them. It wouldn't surprise me if they are
force to change that.

RobJohnson
03-08-2017, 03:51 AM
I've never used it, I think I have it on my iPhone. :biggrin-new:

I think the fact that all the stock is non-voting is really
going to hurt them. It wouldn't surprise me if they are
force to change that.

Unlike other forms of social media, apps, etc I don't think that Snap sells advertising.

I think their CEO should of sold it to Facebook when he had the chance, as it's novelty is wearing off.

I recently added it to my iPhone after a friend of mine was playing around with it while we were out running around the other day. It was fun for about three minutes, lol

If it drops to under $10 a share, I might be interested. Not sure.

Retread
03-08-2017, 11:01 AM
There is a discussion about not allowing any company that only issues non-voting stock to be included in any index such as S&P or any other similar.

SarasotaRepub
03-08-2017, 02:28 PM
There is a discussion about not allowing any company that only issues non-voting stock to be included in any index such as S&P or any other similar.

Yes, I have read that also. If you were buying for the long
term I would have a big problem with their current model.

It's up 1.81 as of right now.
$23.25

SarasotaRepub
03-08-2017, 02:31 PM
I think their CEO should of sold it to Facebook when he had the chance, as it's novelty is wearing off.


Agreed.

RobJohnson
03-09-2017, 01:03 AM
Teen jumps to death in Snapchat stunt gone wrong (http://nypost.com/2017/02/28/teen-jumps-to-death-in-snapchat-stunt-gone-wrong/)

SarasotaRepub
03-09-2017, 01:40 AM
Teen jumps to death in Snapchat stunt gone wrong (http://nypost.com/2017/02/28/teen-jumps-to-death-in-snapchat-stunt-gone-wrong/)


He probably paid 30 a share too!!! What a moron!!!

RobJohnson
03-09-2017, 01:50 AM
He probably paid 30 a share too!!! What a moron!!!

:biggrin-new:

SarasotaRepub
03-14-2017, 10:54 AM
Man! Almost down to 19!!!!

Retread
03-15-2017, 12:17 PM
Whaddaya think? Settle around 20+?

SarasotaRepub
03-16-2017, 04:39 PM
Closed under 20, 19.80. Still trading
there so far after hours.

I'll wait. :smile-new:

SarasotaRepub
03-16-2017, 05:00 PM
LOL, a trade for 1 share for $19.78.

SarasotaRepub
03-17-2017, 09:25 AM
$19.77 in pre-market...

SarasotaRepub
03-17-2017, 09:43 AM
$19.53. Heading towards 19!!

Retread
03-17-2017, 10:38 AM
LOL, a trade for 1 share for $19.78.

I assume, plus a minimum or a 4.95 fee. Better be a collectors item.

SarasotaRepub
03-17-2017, 10:45 AM
Man, this is tanking like a lead boat anchor today!!!

$19.24.

There will soon be a class action lawsuit filed
on behalf of stockholders who got taken. There
are several of these vulture firms out there, I see
the same names all the time...

SarasotaRepub
03-17-2017, 11:03 AM
It's almost at 19!!!! lol

Oh, I take that back! It hit 18.90
before bouncing back.

Retread
03-17-2017, 11:33 AM
It's almost at 19!!!! lol

Oh, I take that back! It hit 18.90
before bouncing back.

Did you get your buy or have you pulled the offer?

SarasotaRepub
03-17-2017, 08:03 PM
Did you get your buy or have you pulled the offer?


I never renewed it, this stock is too unstable.

RobJohnson
03-17-2017, 08:27 PM
I never renewed it, this stock is too unstable.


Don't blame you.

http://wpmedia.ca/2017/03/snapchat-is-dead/

Retread
03-17-2017, 08:34 PM
I never renewed it, this stock is too unstable.

^^^^^got that right.

I have been following Fitbit as it falls off the cliff. I ducked that faster than a frog from a water snake. From 15 to 5 in a little over 5 months.

SarasotaRepub
03-17-2017, 08:45 PM
^^^^^got that right.

I have been following Fitbit as it falls off the cliff. I ducked that faster than a frog from a water snake. From 15 to 5 in a little over 5 months.


I bought Fitbit at 40, rode it to 48 and then bailed. I've been
tempted to get it again but have not.

Rockntractor
03-17-2017, 08:49 PM
I never renewed it, this stock is too unstable.
Wait until it's 4.90.

SarasotaRepub
03-17-2017, 08:56 PM
Don't blame you.

http://wpmedia.ca/2017/03/snapchat-is-dead/



Huge and Recurring Losses

Snapchat has been suffering from significant losses now and does not believe that it will ever be profitable (http://www.businessinsider.com/snapchat-lost-514-million-in-2016-warns-it-may-never-be-profitable-2017-2). This is not just an analysis but a self-admission portraying the ground realities. So, how can a company have 515 million in losses and still be worth 25 Billion?

Their Spectacles are cool but when you read the above, why would you
buy the stock except as a quick in/out???

Retread
03-17-2017, 11:45 PM
I bought Fitbit at 40, rode it to 48 and then bailed. I've been
tempted to get it again but have not.

Not at least until a buyout is rumored.

SarasotaRepub
03-18-2017, 12:40 AM
Not at least until a buyout is rumored.

Well of course!!!:thumbsup:

RobJohnson
03-18-2017, 02:07 AM
Not at least until a buyout is rumored.

You never know.

SarasotaRepub
04-05-2017, 01:21 PM
April 05, 2017, 11:00:00 AM EDT
By Evan Niu, CFA, Motley Fool (http://www.nasdaq.com/author/fool)



Just two months before Snap (NYSE: SNAP) went public, former employee Anthony Pompliano filed suit against the company and alleged that Snap was misrepresenting various operating metrics. Pompliano had been poached from Facebook over a year prior to head up Snap's growth efforts, only to be let go after less than a month. The ex-employee believes he was hired specifically so that Snap could obtain confidential information, not for the stated reason of leading the company's growth ambitions.


Business Insider (http://www.businessinsider.com/fired-snapchat-employee-wants-to-unseal-lawsuit-about-snapchat-user-metrics-2017-4) reports that Snap is now trying to bring the case back to private arbitration while sealing the lawsuit, hiding it from public view. Snap maintains that these are little more than the ramblings of a "disgruntled former employee" and that Pompliano is effectively making the whole thing up. BI caught a glimpse of documents that Pompliano's lawyers filed yesterday evening, which include some pretty harsh allegations.




https://www.fool.com/investing/2017/04/05/former-snap-inc-employee-says-companys-valuation-i.aspx#ixzz4dOdljcva

Retread
11-08-2017, 11:51 AM
Snap went public in March in what was one of the tech industry’s most highly anticipated initial public offerings of the year. Then the messaging and media company promptly posted dismal financial results for two consecutive quarters, piercing the hype.

Currently trading under $13

Retread
11-09-2017, 10:53 AM
The Chinese internet company Tencent has acquired a 12 percent stake in Snap, with the social media company struggling to boost user growth.

Tencent runs the WeChat messaging app, as well as online payment platforms and games. Earlier this year, it bought a 5 percent stake in Tesla.

Snap is the parent company of Snapchat, a camera app that lets people send short videos and images.

Down at today's open