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  1. #1 SnapChat starts trading 3/2/2017 
    eeeevil Sith Admin SarasotaRepub's Avatar
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    IPO hits the market Thursday.

    $17 - $18 a share...
    May the FORCE be with you!
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  2. #2  
    Ancient Fire Breather Retread's Avatar
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    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.
    It's not how old you are, it's how you got here.
    It's been a long road and not all of it was paved.
    A man is but a product of his thoughts. What he thinks, he becomes. Gandhi
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  3. #3  
    Moderator RobJohnson's Avatar
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    I'm on the fence. Snapchat is pretty popular.
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  4. #4  
    eeeevil Sith Admin SarasotaRepub's Avatar
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    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...
    May the FORCE be with you!
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  5. #5  
    eeeevil Sith Admin SarasotaRepub's Avatar
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    On the other hand...


    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.

    May the FORCE be with you!
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  6. #6  
    Ancient Fire Breather Retread's Avatar
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    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.
    It's not how old you are, it's how you got here.
    It's been a long road and not all of it was paved.
    A man is but a product of his thoughts. What he thinks, he becomes. Gandhi
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  7. #7  
    Administrator SaintLouieWoman's Avatar
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    Quote Originally Posted by Retread View Post
    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.
    http://http://i145.photobucket.com/albums/r231/SarasotaRepub/83069bcc.png

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  8. #8  
    Ancient Fire Breather Retread's Avatar
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    Quote Originally Posted by SaintLouieWoman View Post
    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.
    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.
    It's not how old you are, it's how you got here.
    It's been a long road and not all of it was paved.
    A man is but a product of his thoughts. What he thinks, he becomes. Gandhi
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  9. #9  
    eeeevil Sith Admin SarasotaRepub's Avatar
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    SNAP opened at 24. I have a buy order in at 19
    May the FORCE be with you!
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  10. #10  
    Ancient Fire Breather Retread's Avatar
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    Quote Originally Posted by SarasotaRepub View Post
    SNAP opened at 24. I have a buy order in at 19
    As they say in the patch - GFL!
    It's not how old you are, it's how you got here.
    It's been a long road and not all of it was paved.
    A man is but a product of his thoughts. What he thinks, he becomes. Gandhi
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