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

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

  1. longtermbull

    longtermbull Administrator Staff Member

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    Wow, that is some leap! Those who bought in at sub-$6 are certainly on a decent profit…will it continue?
     
  2. Buyonthedips

    Buyonthedips Senior Investor

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    Even though Snapchat has fallen back a little bit, the share price has performed admirably of late. If the company can continue this improvement in performance, we could see a significant rise from here.
     
  3. gowiththeflow

    gowiththeflow Senior Investor

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    While the share price has fallen back from recent highs, it has not really retraced to the degree that I would have expected - a speculative technology share not likely to make money for some time. Surely very rife for profit taking in current market conditions?
     
  4. gowiththeflow

    gowiththeflow Senior Investor

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    I think a period of consolidation around the $15-$16 mark would not be a bad thing for Snap - better than the single digit share price of recent times!
     
  5. longtermbull

    longtermbull Administrator Staff Member

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    It does seems to be consolidating around the $15ish mark - waiting for the next move higher?
     
  6. gowiththeflow

    gowiththeflow Senior Investor

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    The purchase of FitBit by Google shows there is interest in smaller bolt-on acquisitions out there - will anyone snap up SnapChat? ;)
     
  7. Buyonthedips

    Buyonthedips Senior Investor

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    I wonder if Snap is in a similar situation to FitBit - just waiting to be taken over and welcomed into a larger better financed group?
     
  8. longtermbull

    longtermbull Administrator Staff Member

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    With the FitBit takeover by Google I wonder if we are starting to see the larger groups mopping up struggling companies with a decent following? Might Snap be next?
     
  9. gowiththeflow

    gowiththeflow Senior Investor

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    Time to take another look at some of the tech dogs of last year :)
     
  10. Chartman

    Chartman Senior Investor

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    At $15.26 the shares look ready for another run higher - keep a close eye on this one!
     
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