Replies to post #1510 on Snap Inc (SNAP)

[DMOST]

SNAP-IT!

With such strong short interest position. If SNAP beats earnings estimates, shorts covering will drive this to $27. If earnings stink-$17
'jones99'

That is totally possible, given the sentiment of late, and sense the IPO.

Traders are doubling down on their bets against Snap

"Short sellers betting on a decline in Snap shares haven't had the best luck since the company went public two months ago. But they refuse to throw in the towel.

They've pushed bearish wagers to the highest level since the company's March 1 initial public offering, selling a whopping $100 million short over the past week alone, according to data compiled by the financial analytics firm S3 Partners. Short interest now sits at $946 million.

The short sellers, who have lost $28.4 million on a mark-to-market basis since the IPO, are "hoping that Snap does not meet its earnings projections," said Ihor Dusaniwsky, the firm's head of research."

http://www.businessinsider.com/snap-stock-price-short-bets-earnings-q1-2017-5

GO SNAP

"PEACE"

NOW SNAPCHAT THAT APP

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