Hubert Senters here.
I had a question from Bob about Snapchat, SNAP and one of my view on where I thought it was going to go. Sorry about the coffee. I’m still little sick. I don’t think it’s going to go below $5. Ever since I came out I thought it was destined to go to $10 and I was wrong. I was totally wrong. It’s going to go $5 or less. The only chance to stock is to figure out how to pull a profit which they haven’t been able to figure out yet which look tons of companies have struggles that not every company can be.
Google, Amazon, Facebook, stuff like that. So I think the only thing that they could do is number one figure out how to make a profit which I think they’re going to have a hard time figure it out or number one being acquired by someone else.
So I think it’s going to go below $5 and just trade like dead money for a very long time until maybe somebody tries to pick them up for pennies on the dollar so be careful with it. I don’t think it’s going to do much and if you’re long it from much higher I guess you got to just kind of either stay with it or you just have to say okay, I’m looking up losses at this point so.
And I invest in a lot of crazy stuff. Some stuff that you’ve never heard of like real weird stuff and some of it works out but stuff like this it’s kind of a no brainer like there are certain companies that try to do the same thing like a Facebook, Google, Amazon like those companies do. Those are just hard companies to really compete with and that’s why they’re getting smoked like that so just be careful. I think is going to go below $5 and maybe even below $4 or even $3. So just be careful.
Now with that being said if you’re not long snapchat, would you pull the trigger on it? As a follow-up question that I just thought of. Yeah. Probably. I probably snapped right down here six bucks and just give it a roll. I mean worst case you could. Worst case it would go to would be zero. Right. I mean it can’t go below zero. That’s impossible in the trading world as far as a stock goes.
It could fall bankruptcy, right. And you would lose all your money. If it went to zero but you got a little mini bottom here. So what I would do is I would wait probably until it closed above the cloud on a daily chart which would be probably around eight bucks and then at that point it might rally up to $12 or even $14.
The best time to do this though is that the end of December when it will probably be on sale and then what you do is you hold it for about three weeks and then pop it out in January. That’s what I would do. But it is definitely a speculative play.
TradeThirsty is during their annual trade giving webinar Friday, 9AMEST to 4PM EST, November 23rd. I will be there and we will walk through the markets what’s happening and I’ll pick you some good longs and some good shorts. The other speakers going to be Johnny, Serge, Hima, Andrew, Toni and Jack. Click that BIG RED BUTTON to register.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
