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Replies to #1678 on Snap Inc (SNAP)
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Buy and pray

05/12/17 6:01 PM

#1679 RE: Tom4investor2011 #1678

The point of trading/investing is to maximize profits, so paying a premium for a stock that 5-10x higher than its fair value... the risk is not worth the reward... so a $54 price target puts snap over $50 billion, there are 160 million users, divide the market cap by the users and you get $300 per user they need in ad money... absurdmess...
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BritannyJ564

05/15/17 4:01 PM

#1719 RE: Tom4investor2011 #1678

I must do the same!:) It makes sense for sure.