Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

$Snap Inc (SNAP.US)$ reported earnings on the 21st, Snap plu...

$Snap Inc(SNAP.US)$ reported earnings on the 21st, Snap plummets as Apple’s privacy change hits sales. I believe some of the punishment exacted by the market was that SNAP averred that its software engineers had found work-arounds for Apple privacy moves which defeats tracking advertising effectiveness. I believe that there are work-arounds and that the drubbing that SNAP is giving us is a fantastic buying opportunity. That said, I am going to consider SNAP a slow money opportunity. A stock that gets hammered like this could spend a lot of time wandering in the wilderness. I am going to buy shares, and not expect to see much until next year. I may just cashier the dregs that are left in my options premiums and roll them into a much lower strike with the expiration out to March ‘22 as well. SNAP in the mid-50’s is already a good risk, if it falls further I may acquire shares more aggressively.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
1
6
+0
Translate
Report
8329 Views
Comment
Sign in to post a comment
    342Followers
    14Following
    1206Visitors
    Follow