In any bull market few Star stocks start going up, then some large caps follow then midcaps and small cap follow. Finally trash stocks start going up. That time we can realize the bubble has reached its peak. One such trash stock is snap. This company has never posted a profit in it's entire life. It's just used by drug sellers. So when it goes up to 50 or 80 we can conclude the bubble has reached its peak and exit the markets 🤓😌 #snap
snap out there catching stray!
At least our stock is good for something 🥲 Way back in the early Wall Street days, at least it would be good for toilet paper, but everything is digital now... Honestly, though, we might be a bad canary in the coal mine now. I think at this point even the slower investors are realizing that there's no there there, and we can't dig our way out of the hole we're in this time. Even is the earnings reports weren't so dreadful the stock plunged right afterwards, I don't think we'll see anything close to the insane 2021 peak again. It's a bridge too far for anyone smart enough not to fall for a gimmick for infants like peekaboo, or the old "got your nose" trick.
True. But if it rises to 25+ it's a cue to get out. But it's sad that a company with such smart ppl is struggling to come up. They can easily add dating type features and improve. Dunno why they aren't doing it
The CEO, Evan, thinks he's the next Steve Jobs, and doesn't want to do pragmatic things that don't align with his inane "vision." Like most wannabe geniuses, he confuses being childishly obstinate with eccentric brilliance.
Ohh snap!