Ladies and Gentlement, you’ve just witnessed Snapchat’s forever all-time high

$29.44.

I hereby predict that this is the highest price Snapchat will ever reach.

The selloff has started too early and Snapchat still isn’t short sellable for me. I guess I’m going to be too late to the party.

I hereby predict Snapchat will never move higher than $29.44. It’s down 12% today and I feel it’s going to have many more -12% days in the future. The bubble has popped pretty quickly with this one.

Another perfect call by a perfect trader!

Liked it? Take a second to support fscomeau on Patreon!

, , ,