Snap is going to sell off due to a reduction in its own customer base, they will make less revenue for at least the next 2 years until they can recoup their losses.
I plan to short SNAP at 49.50 and if it rises to 52.50 I will double down, max loss at 54.
I will double down at 47, and sell half at 46, re-add at 45, sell again at 44, re-add at 43, and sell at 42.
I created a predictive outline of how I think it will trend.
This stock will continue lower as all previous fundamentals are now NULL AND VOID.
I plan to short SNAP at 49.50 and if it rises to 52.50 I will double down, max loss at 54.
I will double down at 47, and sell half at 46, re-add at 45, sell again at 44, re-add at 43, and sell at 42.
I created a predictive outline of how I think it will trend.
This stock will continue lower as all previous fundamentals are now NULL AND VOID.