Shorting Snapchat stock for longterm
I am thinking about shorting Snapchat for long term. I have been having this thought ever since instagram started story features. I see most of my friends and family abandon Snap longtime ago and don’t how Snapchat compete with Facebook. Any thoughts or opinions on company’s outlook or stock performance.
Snapchat is dead. They refused to sell to Fb a few years ago. Now Fb will kill them. Snapchat’s inexperienced CEO contributes to the recipe. I would short the hell out of it if i could, but i only play long positions
How long term are you thinking? Shorting over long time horizon is not recommended. If your thesis holds true and they get acquired by someone else for scraps, you might see uncapped losses overnight. Buy put ladders instead.
Thats a good point. Im thinking an year
Plus one on long puts rather than shorting
🚀🌝
Just remember the loss % in shorting is infinite. Make sure you have a stop order in place.
Please update us to let us know how it turns out!!
“Markets can remain irrational longer than you can remain solvent”