Added: Shavon Wheaton - Date: 16.08.2021 08:27 - Views: 13247 - Clicks: 3546
Snap, the parent of Snapchat, is the hottest initial public offering of the year. Will Snap become successful like Facebook FB, Let me first share with you how we are trading Snap for the short term at The Arora Report. Please for the annotated chart. The posture that The Arora Report has taken is to trade the stock but not invest in it at this time.
GoPro at its core is a hardware company that markets itself as a content company. You can see my reasoning here. When GoPro rocketed, we short sold it in other words, bet on a decline and ultimately generated good profits. Other analysts are more bullish.
Bulls contend that Snap can succeed just like Facebook. However, investors must note a big difference: Facebook had a wider appeal from the beginning, trade my snap Snap so far has appealed to a limited demographic of younger people. Twitter has become a staple among journalists and politicians. Donald Trump has used Twitter effectively to become the president of the United States. Twitter has not been able to enlarge its user base at the rate the market had expected.
Twitter has also not been able to effectively monetize its users. At this time, indications are that Snap is also likely to suffer from those two issues. At The Arora Report, we bought Twitter at the IPO, rode most of the upside and exited it before the big decline, generating handsome profits.
My long-time readers know well that my core principle is to be brutally honest with investors. I often tell investors what they do not want to hear. According to the ZYX Change Method, the uncertainty surrounding Snap at this time is so great that the stock is simply not analyzable as an investment with a high degree of confidence for the long run.
The short term is another story, as it is not driven by fundamentals but by momentum, psychology and market mechanics. We will be carefully looking for s of wider adoption of Snap beyond its core demographics. If Snap starts gaining traction outside its core demographics, we will initiate a small investment position.
On the other hand, if Snap does not gain traction on a wider scale, we will consider scaling in a short sale to profit from a potential decline. Disclosure: Subscribers to The Arora Report may have positions in the securities mentioned in this article trade my snap may take positions at any time. All recommended positions are reviewed daily at The Arora Report.
Nigam Arora is an investor, engineer and nuclear physicist by background, has founded two Inc. He is the founder of The Arora Report, which publishes four newsletters. Nigam can be reached at Nigam TheAroraReport. The head of the world's largest asset manager isn't convinced by the Federal Reserve's arguments that U. Economic Calendar Coronavirus Recovery Tracker. Up Log In. Home Investing Stocks. SNAP Comparison to GoPro GoPro at its core is a hardware company that markets itself as a content company. Nigam Arora. Do you need a will?
Yes, and this is what it should cover. The unintended harm of subsidizing electric vehicles and charging stations. Advanced Search Submit entry for keyword. No found.Trade my snap
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