Snap Inc (snap) Has No Friends At The Minute!

Discussion in 'Investment Charts' started by longtermbull, Jul 18, 2017.

  1. gowiththeflow

    gowiththeflow Senior Investor

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    The share price graph for this one is just one constant down trend - no real volatility just down down down. It looks as though the company is literally dying a death.
     
  2. longtermbull

    longtermbull Administrator Staff Member

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    This has been in a down trend since August - has the company got net cash on the balance sheet? From memory I think they did have just after the float?
     
  3. Chartman

    Chartman Senior Investor

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  4. gowiththeflow

    gowiththeflow Senior Investor

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    Is this just a "dead cat bounce" or the start of a recovery in the shares? The company does seem to be cutting financial excesses - now we just need some new services and increased activity amongst users. From my family experience, SnapChat is not mentioned anywhere near as often as it used to be. I do think it has lost its sparkle in some areas of the world - time for another attempted revamp?
     
  5. longtermbull

    longtermbull Administrator Staff Member

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    Wait and see with this one - might just be a bounce before it resumes the downtrend. I just cant see anything going for the company at the moment - it is a minnow in a sea of massive sharks.
     
  6. Chartman

    Chartman Senior Investor

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    The trickle of buying interest is slowly pushing the shares higher and higher. Not sure what is going on behind the scenes but as the sellers dry up and the buyers continue to pick up stock, this has the look of a stock which might go pop on the upside.

    Very very interesting scenario - fundamentals seem to be rubbish but the graph shows strong sustained recovery from a depressed position.
     
  7. Buyonthedips

    Buyonthedips Senior Investor

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    The recovery continues - moved above the first 2 trend lines now - is there something going on behind the scenes? Maybe a takeover in the offing?
     
  8. longtermbull

    longtermbull Administrator Staff Member

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    If I was looking at this graph and company for the first time I think I would be tempted to buy. However, my view on this one is tainted somewhat by the history of the company and the fact it is a small minnow in a sea of sharks.
     
  9. gowiththeflow

    gowiththeflow Senior Investor

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  10. longtermbull

    longtermbull Administrator Staff Member

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