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I’ve made a good amount of cash shorting SNAP, I can’t understand who is buying when they have provided guidance of decreasing DAU’s for at least one more quart
by seibelj 8y ago
I’ve made a good amount of cash shorting SNAP, I can’t understand who is buying when they have provided guidance of decreasing DAU’s for at least one more quarter. I hope employees at SNAP are negotiating more stock or salary, they could do so much better at other firms.
- jowiar 8y agoYeah -- I bought some puts at 5 expiring in January for a nickel apiece in August... It was pretty obvious there was nothing there and would drop like a stone -- the question was when the market would wake up. I honestly don't understand what the longs are betting on here, either.
- klodolph 8y agoSome of them are doing much better at other firms... from what I hear, leaving for SNAP and then coming back two years later at level N+2.