Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Snap A Compelling Trade To The Short Side: Short At $18.92.

|About: Snap Inc. (SNAP)
Summary

As discussed in our previous post we waited to see if Snap would break above yesterday's high of $18.37. It did trade above this key level.

However, we believe this is a compelling short at these prices. We are now watching the intra-day chart for an entry point on our short sale.

Snap may become a successful company long term. We hope it does. But it has a very long way to go prior to achieving profitability.

Trader's Idea Flow is selling short based upon current over-valuation combined with the many remaining challenges despite a strong quarter print.

Trader's Idea Flow is short Snap, Inc. (NYSE: SNAP) at $18.92. This screen shot of the intra-day for the morning of 2/7/18 indicates the the initial enthusiasm may be spent. This is a short-term trade to the short side.

Disclosure: I am/we are short SNAP.